Xpansiv

Xpansiv operates CBL, the largest spot exchange for environmental commodities, alongside APX registry infrastructure and a market-data business, with REST and FIX connectivity.

CBL spot exchangeAPX registryMarket dataREST + FIX
DISTRIBUTION
Xpansiv
Founded2016
HQNew York, USA / San Francisco, USA
StagePrivate (well-funded)
FundingMajor institutional backing
Founded2016
HQNew York, USA / San Francisco, USA
StagePrivate (well-funded)
FundingMajor institutional backing
API and accessYes
EvidenceWell corroborated

The deepest spot-market venue and registry rail, with data and connectivity to match.

What they do

Inside Xpansiv

Xpansiv’s CBL is the world’s largest and most active spot marketplace for environmental commodities, with a 90 percent-plus share of exchange-traded spot carbon credits.

Its APX unit is a leading provider of registry infrastructure for energy, power and environmental markets, sitting alongside SRECTrade and the H2OX water exchange.

Xpansiv supplies daily, historical and streaming bid, offer and transaction data by API, with REST and FIX connectivity for trading systems.

Climate & nature use-case

Xpansiv is the deepest spot venue and a major registry rail: credits can settle on CBL and be referenced against APX registry entries, while Xpansiv market data gives live spot pricing context for listed projects.

LayerMarketplaces & exchanges
Signal

Recent developments

  1. Nov 2025Announced its acquisition of Evident, joining Evident’s I-REC(E) registries to its own to form a renewable-certificate registry network of more than 300 GW.
  2. Dec 2024Reported nature-based credits doubling CBL trading volume, with strong 2024 activity.
Marketplaces & exchanges

Using Xpansiv in a project

The provider’s own site holds its current capabilities, access terms and documentation. Read them before selecting the tool or planning an integration.