Gate’s Explanation on the Resumption of CRWDX Deposit, Withdrawal, and Trading Services and the CRWD Stock Split | Gate Announcements

Gate has completed the technical maintenance of CrowdStrike xStock (CRWDX) and will resume CRWDX deposit, withdrawal, and trading services on July 6, 2026, 13:30 (UTC).

During this maintenance, we have addressed the impact of the underlying asset CrowdStrike (CRWD) stock split on CRWDX tokens. We hereby provide the following explanation to all users:

Underlying Stock Split Status

CRWD Stock: Completed a 1:4 stock split on July 2, 2026, meaning every 1 share splits into 4, with the per-share price adjusted to 1/4 of the original.

To maintain market continuity and token system stability, the token itself was not split . The total supply and each user's holdings remain unchanged.

The token's peg has been adjusted to reflect the underlying stock split:

Before split: 1 CRWDX token ≈ 1 CRWD share

After split: 1 CRWDX token ≈ 4 CRWD shares

Onchain Display Notes:

The onchain displayed value is uiAmount, which may differ from the actual token balance you hold. This value roughly equals the corresponding stock quantity, not the actual token amount (base amount). Note: this is only a display format issue; your actual token holdings remain unchanged. When you transfer tokens, your actual holdings and the transferred token amount are not affected. No need to worry about the discrepancy in the onchain display.

Example: Onchain shows a transfer of 40 CRWDX to Gate, but Gate actually credits 10 CRWDX. Withdrawing 10 CRWDX from Gate shows as 40 CRWDX onchain. The total value of your assets remains the same before and after the split.

Impact on Positions and Value

Your token holdings will not change or decrease as a result.

The Net Asset Value (NAV) represented by each token remains unchanged before and after a stock split. In simple terms:

Before the split, the value of 1 share of CRWD stock was represented by 1 CRWDX token.

After the split, the original 1 share of CRWD stock becomes 4 shares, and its total value is now represented by 1 CRWDX token. Therefore, 1 full CRWDX token now naturally corresponds to the total value of these 4 new shares.

Futures vs. Spot Price Difference

Due to different pricing benchmarks, the perpetual contract price is inconsistent with the spot token price, as follows:

Perpetual contract price: pegged to the per-share trading price of the US stock after CRWD's stock split, directly following the real-time US stock price.

Spot token price: priced based on the CRWD US stock price converted according to the split ratio, aligning with the pegging relationship between the token and the stock after the split (1 CRWDX token ≈ 4 shares of CRWD stock).

Trading Resumption Risk Notice

Because the CRWDX token's pricing basis changes from 1 share to 4 shares, the market may experience significant short-term price volatility due to information asymmetry or market sentiment. Before trading, please make sure to fully understand the above changes, rationally assess the risks, and make prudent investment decisions.

Gate Team July 4, 2026

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