Khalani

Khalani is non-custodial; it never holds user funds or private keys, and settlement is atomic (all-or-nothing), which removes the risk of assets getting stuck mid-transaction. As a newer protocol (2023), it has a shorter security track record than long-standing custodial-adjacent exchanges.

Khalani applies a combination of service fees, integrator fees, referral fees, and settlement fees, plus solver/market-maker spreads embedded in the quoted rate; exact percentages are not published and should be confirmed directly with the Khalani team.

Verification is applied on a risk basis, either when required by law or triggered by a third-party liquidity/payment provider integrated into a specific flow; there's no fixed universal KYC threshold disclosed publicly.

Khalani operates on an intent-based model: instead of routing a direct swap like a traditional exchange, it lets users declare an outcome, then a network of independent solvers competes to fulfill that outcome across 40+ chains, executing atomically.

No. Khalani never takes custody of funds, holds no order book, and requires no account — it functions as decentralized settlement infrastructure that other wallets, apps, and protocols integrate (via the TokenFlight product), rather than as a standalone CEX.

On Swapzone, Khalani will appear alongside other exchange partners with its current rate for the given pair, KYC frequency label, and verified transaction reviews once live — this is analogous to how ChangeNOW's card layout works.