24X National Exchange to Enhance Warrant Program for Improved Liquidity and Volume

24X National Exchange Expands Warrant Performance Incentive Program

Stamford, CT – October 8, 2026 – 24X National Exchange LLC, the first national securities exchange sanctioned by the U.S. Securities and Exchange Commission (SEC) to facilitate weekday trading of U.S. equities for up to 23 hours, is excited to announce an expansion of its warrant performance incentive program. This program enhancement is designed with the goal of increasing liquidity and transaction volumes during its forthcoming extended trading hours set to launch in December.

The proposed update intends to broaden the equity available to program participants, reduce entry costs for select broker-dealers who join the 24X trading platform, extend the program's duration through June 2028, and simplify the vesting conditions for warrants. In the words of Dmitri Galinov, CEO and Founder of 24X, "This expansion is an essential step towards fulfilling our vision of providing continuous access to U.S. equities. By offering liquidity providers the opportunity for a meaningful ownership stake in the growth of the Exchange, we aim to enhance the trading environment significantly."

Originally, the program granted non-voting equity representing 10% of 24X's parent company, 24X US Holdings LLC, on a fully diluted basis, available until the end of 2027. However, this expansion introduces an additional 22.25% of equity, also on a fully diluted basis, which members may begin earning in 2027 over two new quarterly measurement periods throughout 2028, thus extending the opportunity for participants until June 30, 2028. Entry costs for member firms seeking only the new equity will be decreased from $500,000 to $250,000, providing a more accessible path for a wider range of broker-dealers.

Moreover, a notable change is that the vesting of both the original and newly added equity will be based solely on each member’s trading volume. Members will no longer need to meet a market share threshold on the Exchange for vesting their equity interests. This adjustment is aimed at creating a competitive trading venue that is closely aligned with the individual performance of the participants.

The proposed changes are documented under filing SR-24X-2026-26, submitted for immediate effectiveness. Implementation of these new measures is set to commence on October 1, 2026, with existing terms of the program remaining intact. The enhancements arrive at a pivotal time as 24X prepares for the official commencement of its 23-hour weekday trading on December 6, further diversifying trading opportunities available to retail and institutional investors alike.

About 24X
24X Bermuda Holdings LLC operates primarily through two subsidiaries; 24X Bermuda Limited focuses on facilitating seamless foreign currency exchange and precious metals trading, while 24X National Exchange LLC specializes in enabling around-the-clock securities trading. The mission of 24X is to enhance cost-efficiency and accessibility across an expanding array of asset classes, allowing for real-time trading that caters to the dynamic nature of global markets. More detailed information can be found at 24exchange.com.

Media Contact
Eric Andrus
KARV
[email protected].

This expansion clearly reflects 24X’s commitment to revolutionizing market access and empowering players within the trading environment with improved opportunities and benefits, marking a significant evolution in the U.S. securities trading landscape.