Regional Exchange with Global Gaps
OrionX started in 2017 as a Chile-based exchange serving Latin American users. It supports stablecoin-based remittances, spot trading, and regional payment services but faces questions about transparency and global reach.
What It Offers
The exchange provides trading in common digital assets, fiat pairs for Latin America, and wallet services. Backed by Bitfinex and Tether in 2025, it aims to strengthen cross-border payment solutions in the region.
Current Status and Concerns
While still active, OrionX lacks global visibility. No public audits or proof-of-reserves exist, and trading volumes stay modest, rarely crossing the low millions USD daily. Users report thin liquidity and unclear fee structures. Community engagement outside core markets is minimal.
Strengths and Weaknesses
| Strengths | Weaknesses |
|---|---|
| Regional footprint with fiat remittance tools | No public proof of funds |
| Support from Tether and Bitfinex | Low liquidity on many pairs |
| Focus on stablecoin solutions for local markets | Mixed trust ratings and transparency gaps |
| Security claims include cold wallet storage | Limited global adoption, unclear regulation abroad |
Final Thoughts
OrionX fits a regional niche: crypto payments and remittances in Latin America. But its low transparency, limited liquidity, and mixed trust signals make it risky for larger trading or long-term custody. Suitable only for small local transactions where its tools are directly useful.