Kryptos-Backed OrangeX Rises in Crypto Ranks with $20M Boost

OrangeX, a global cryptocurrency exchange, has completed a $20 million Series B funding round, led by Kryptos and joined by SCI Ventures and other major investors. This follows the company’s $10 million Series A funding in September 2023, also led by Kryptos and supported by NGC Capital, Phase Capital, and SCI Ventures. The latest capital will be allocated to enhance core infrastructure and accelerate the platform’s global expansion. This round marks a significant milestone in OrangeX’s growth strategy, with the second round of financing finalized in the first half of 2025 [3].

The platform, which was established in 2021, offers a range of services including derivatives trading, spot trading, one-click copy trading, and fiat currency on-ramps for cryptocurrency purchases. According to recent on-chain and platform data, OrangeX now manages over $66 million in core cryptocurrency holdings and maintains total platform liquidity exceeding $200 million. As of the first half of 2025, the platform has attracted 6 million monthly visits, according to SimilarWeb metrics, indicating a substantial increase in user engagement and market presence [3].

In terms of market performance, OrangeX has climbed to the 35th position in global derivatives trading volume, a notable achievement in an increasingly competitive landscape. This upward trajectory reflects the platform’s focus on infrastructure optimization and user experience, as well as its strategic investments in compliance and innovation. Thomas W., CEO of OrangeX, emphasized that the renewed support from Kryptos and other leading investors underscores confidence in the company’s ability to deliver a high-performance trading environment [3].

OrangeX continues to reinforce its position as a compliant and trusted exchange through several key initiatives. The platform has implemented a publicly verifiable Proof of Reserves (PoR) system, ensuring 100% asset backing at all times. It operates under a multi-jurisdictional compliance framework, including a VASP license in the Czech Republic and a Money Services Business (MSB) registration with FinCEN in the U.S. Additionally, the exchange is registered for digital asset trading in Saint Vincent and the Grenadines and is currently in the process of reapplying for Czech regulatory compliance under new regulations [3].

In its efforts to meet global regulatory standards, OrangeX enforces strict KYC and AML policies and collaborates with compliance partners such as LexisNexis Risk Solutions, SlowMist, and CipherOwl. The platform has also integrated Travel Rule APIs to align with international regulatory regimes, including the EU’s Markets in Crypto-Assets (MiCA) regulation and the Financial Action Task Force (FATF) guidelines. These measures are critical in supporting the platform’s vision to lead the industry in compliance, innovation, and high-performance trading infrastructure [3].

The recent funding and compliance advancements demonstrate OrangeX’s capacity to deliver a world-class trading experience, aiming to expand its global user base responsibly. The company remains committed to fostering the long-term health and growth of the cryptocurrency industry while maintaining a focus on technological innovation and regulatory alignment.

Source:

[1] Crypto exchange OrangeX completes $20 million Series B ... (https://www.panewslab.com/en/articles/10dc6fdb-c3c5-4c04-9282-7a98afe280c8)

[2] Crypto exchange OrangeX completes $20 million Series B ... (https://www.odaily.news/en/newsflash/445773)

[3] Global Crypto Exchange OrangeX.com Secured $20 ... (https://zexprwire.com/global-crypto-exchange-orangex-com-secured-20-million-in-second-investment-round/)