Orionx
Chilean cryptocurrency exchange.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Early VC | |
| Total Funding | 000k | ||
Orionx is a Chilean digital asset exchange platform established in 2017. The company was founded by Alexey Koloskov, who serves as CEO, and Joel Vainstein Sescovich, who is the Co-Founder & Director. Orionx provides services for cryptocurrency transactions, targeting both novice and experienced traders in Latin America.
The company's core business revolves around its online exchange, which facilitates the buying and selling of various cryptocurrencies, including Bitcoin, Ethereum, Ripple, and others. Orionx monetizes its operations through transaction fees on trades conducted on its platform. The business model is structured to serve a client base that ranges from individuals new to the crypto space to more seasoned traders. To cater to this diverse audience, the company offers several products. The "Instant" feature is designed for beginners, allowing for quick and straightforward purchases and sales. For more advanced users, the "Exchange" provides a full-featured trading interface with enhanced security for each operation. Additionally, Orionx offers a cryptocurrency wallet service for users to manage their digital assets.
A significant aspect of Orionx's journey has been navigating the regulatory landscape in Chile. The company has faced legal challenges, including having its bank accounts closed by traditional financial institutions like BancoEstado. This led to a series of court battles where Orionx, alongside other local exchanges, appealed these decisions, experiencing both setbacks and victories. These events occurred amidst a broader conversation in Chile about establishing a clear regulatory framework for financial technology and digital assets. The company has actively collaborated with the Financial Market Commission (CMF) concerning the country's "Fintech Law". Orionx has secured strategic investments from notable entities in the crypto industry, including Tether and Bitfinex, to support its growth and advance digital asset adoption in Latin America.
Keywords: cryptocurrency exchange, digital assets, Latin America, Bitcoin trading, crypto wallet, fintech, blockchain, financial technology, crypto trading, CeFi