According to PANews on August 29th, AInvest reported that OrangeX, a cryptocurrency exchange, announced the completion of a $20 million Series B funding round, led by Kryptos and joined by SCI Ventures and other major investors. This follows the exchange's previous $10 million Series A funding round in September 2023, also led by Kryptos and joined by NGC Capital, Phase Capital, and SCI Ventures. The new funds will be used to strengthen core infrastructure and accelerate global market expansion.

According to reports, the OrangeX platform provides services such as derivatives trading, spot trading, one-click copy trading, and fiat currency channels for purchasing cryptocurrencies.