XCP · XCP
Counterparty (XCP)
Counterparty is a protocol built on Bitcoin that enables the creation of digital assets, smart contracts, and decentralized finance applications.
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XCP · Counterparty
Counterparty (XCP) – A Peer-to-Peer Financial Platform on Bitcoin
Counterparty is an open-source, peer-to-peer financial platform built on top of the Bitcoin blockchain. It extends Bitcoin's functionality by allowing users to create and trade digital assets, issue their own tokens, and execute smart contracts. The protocol uses the native XCP token for its operations, such as paying transaction fees and participating in the network's governance.
One of the key features of Counterparty is its ability to tokenize real-world assets, such as commodities, securities, or even collectibles, on the Bitcoin network. This is achieved through a process called 'proof-of-burn,' where bitcoins are sent to an unspendable address to generate XCP tokens. This method ensures a fair distribution of the native token without an initial coin offering (ICO).
Counterparty has been used for various applications, including the creation of non-fungible tokens (NFTs) like Rare Pepe cards and the development of decentralized exchanges. It remains an active project with a dedicated community, focusing on providing a secure and decentralized way to issue and manage digital assets on the most established blockchain network.
- Code
- XCP
- Symbol
- XCP
- Current rate
- USD / XCP
Currency information
Last updated · 8/7/2026
Introduced in January 2014 as a protocol on the Bitcoin blockchain.
- Official name
- Counterparty
- Legal tender status
- Not legal tender
- Decimal places
- 8
- Issuing authority
- Counterparty Foundation
- Exchange-rate regime
- Free-floating
Also known as
Counterparty XCP · Counterparty · XCP
Practical notes
- XCP is a cryptocurrency used within the Counterparty platform for token creation and trading.
Priority currency pairs
The most useful conversions for this currency.
Counterparty questions
What is the XCP exchange rate?
The displayed rate is the latest available reference rate for USD/XCP. It can change throughout the day.
How can I convert XCP online?
Use the converter above to calculate indicative amounts between XCP and the other supported currencies.