OrangeX’s $20M Funding Signals Shift Toward Institutional Crypto Trust

OrangeX, a cryptocurrency derivatives exchange, has successfully completed a $20 million Series B funding round, led by Kryptos Capital, a prominent player in the digital asset investment space [1]. The funding round also saw participation from several existing and new institutional investors, signaling strong confidence in OrangeX’s business model and long-term vision [1]. The capital injection will be used to expand the exchange’s product offerings, enhance its infrastructure, and accelerate global market access [1].

Founded in 2021, OrangeX has emerged as a key player in the global crypto derivatives market, offering a range of perpetual and futures contracts across major cryptocurrencies [1]. The exchange has seen consistent growth in its user base and trading volume, with a year-over-year increase in daily traded value exceeding 150% [1]. Its robust risk management framework and deep liquidity pools have attracted both retail and institutional traders.

The Series B funding marks a significant milestone in OrangeX’s evolution. Prior to this round, the exchange had raised $5.5 million in a Series A led by Blockchange Ventures and other strategic partners [1]. With this new round of funding, OrangeX aims to enhance its technological capabilities, including the development of advanced trading tools and the expansion of its regulatory compliance framework to support operations in key jurisdictions [1].

Kryptos Capital, the lead investor in the funding, expressed strong support for OrangeX’s strategic direction. The firm emphasized the exchange’s strong governance structure, transparent operations, and its ability to serve as a reliable counterpart in an increasingly complex and volatile market environment [1]. Kryptos has previously invested in multiple blockchain and fintech startups, and this latest move reinforces its commitment to the digital asset ecosystem.

Industry analysts note that the recent capital infusion positions OrangeX to compete more effectively in the highly competitive crypto derivatives market. While the market has seen a slowdown in trading activity due to broader macroeconomic conditions, the demand for regulated and secure platforms has remained resilient [1]. OrangeX’s focus on institutional-grade services and regulatory compliance is viewed as a strategic advantage in this environment.

The exchange has also taken steps to address growing concerns around market volatility and cybersecurity. In the past six months, OrangeX has implemented a multi-layered security architecture, including real-time fraud detection and blockchain-based transaction verification [1]. These measures are part of the company’s broader initiative to build trust and transparency with its user base.

OrangeX has outlined an aggressive roadmap for the next 12 to 18 months, including the launch of new financial products and the expansion into additional markets. The exchange has already secured regulatory pre-approvals in several jurisdictions and is in advanced discussions with several central banks and financial regulators [1]. These developments indicate a broader acceptance of digital asset trading platforms within the traditional financial ecosystem.

Source:

[1] OrangeX Completes $20M Series B Funding Round, Led by Kryptos (https://orangex.com/press-release/orangex-series-b-funding)