Crypto exchange OrangeX completes US$20 million Series B financing

PANews reported on August 29 that according to AInvest, crypto exchange OrangeX announced that it had completed a US$20 million Series B financing, led by Kryptos, and SCI Ventures and other major investors continued to follow up. Previously, the exchange completed a US$10 million Series A financing in September 2023, led by Kryptos, followed by NGC Capital, Phase Capital and SCI Ventures. New financing will be used to enhance core infrastructure and accelerate global market expansion. According to reports, the OrangeX platform provides services such as derivative trading, spot trading, one-click follow-up trading, and fiat currency channels for purchasing cryptocurrencies.