OrangeX Secures $20 Million in Series B Funding

OrangeX, a cryptocurrency exchange, has announced the completion of a $20 million Series B financing round. The round, held in the first half of 2025, was led by Kryptos with the participation of SCI Ventures and unnamed investors. OrangeX’s official announcement states, “OrangeX has announced the successful completion of a $20 million Series B funding round… funds will be used to strengthen core infrastructure and accelerate global market expansion.”

Key players involved are Kryptos as the lead investor and SCI Ventures. The funds aim at enhancing core infrastructure and accelerating global expansion efforts. Previous investors include NGC Capital and Phase Capital from the Series A round.

The funding is poised to impact the exchange’s regulatory compliance and market presence, particularly through its VASP license in the Czech Republic. OrangeX’s MSB registration in the USA further strengthens its regulatory standing. Publicly verifiable proof of reserves is adopted.

No on-chain data such as total value locked, liquidity, or direct staking flows has been noted. The exchange supports BTC, ETH, SOL, among other derivatives, but no apparent impact on token prices has been observed.

Historically, OrangeX’s funding follows a trend of exchanges utilizing capital for compliance and infrastructure. This mirrors past Series A efforts in September 2023, with similar investor dynamics promoting business growth.

Potential financial outcomes include enhanced global reach and infrastructural investments. Technologically, the exchange’s focus on scalable core platforms may introduce innovative solutions for market operations.