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The exchange also received a 2023 investment from Bitfinex.
Jun 3, 2025, 12:47 p.m.
Stablecoin issuer Tether has announced a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico.
The investment closes Orionx's Series A raise, which was led by Tether. The exchange also raised an undisclosed amount in 2023 in a round led by Bitfinex, Tether's sister company.
Tether will use the investment to enhance its presence in Latin America, a region that has the second-highest proportion of unbanked adults. The region also received nearly $415 billion worth of crypto in a one calendar year until June 2024, according to Chainalysis.
“By closing Orionx’s series A round, we are not only supporting a high-impact company but also advancing our broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region," said Paolo Ardoino, Tether's CEO in a blog post.
Joel Vainstein, Orionx's CEO, added that the collaboration "marks a turning point" in the company's B2B vision and that it will produce more "cost-efficient solutions for payment collection, distribution and treasury management."
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
