Bitfinex Announces Strategic Partnership with OrionX
Bitfinex, a state-of-the-art digital asset trading platform, announced on Wednesday, May 24, that it has partnered with leading Chilean crypto company Orionx.
According to the press release shared with Coinjournal, the two entities will work together to promote financial freedom and inclusion across Latin America.
Commenting on the latest cryptocurrency news, Paolo Ardoino, CTO of Bitfinex, said
“We are excited to collaborate with Orionx as we look to expand our presence in Chile and throughout Latin America. This represents a major step forward in our efforts to harness the power of Bitcoin and decentralized technology to advance financial freedom and empower businesses that share our values. We look forward to working even more closely with the Orionx team to support its growth and development in the future.”
OrionX exists since 2017 and has become one of the most promising cryptocurrency projects in Latin America. The company has evolved beyond its origins as a cryptocurrency exchange to become the first cryptocurrency bank in the region to offer users a wide range of cryptocurrency-related services.
OrionX is now preparing to expand its services beyond Chile and enter new markets including Peru, Mexico and Colombia. The company hopes to surpass one million users by 2024.
The partnership will allow Bitfinex to expand its presence in Latin America, indirectly reaching millions of users and supporting common educational programs for local universities. Last month, Bitfinex sponsored a coding bootcamp in Paraguay dedicated exclusively to women.
OrionX will benefit from Bitfinex’s experience and network
OrionX is poised to benefit from Bitfinex’s strong network and experience in cryptocurrency trading. Joel Vainstein, co-founder of Orionx, stated that;
“Having a strategic collaboration with a company like Bitfinex will play a vital role in advancing our project in LATAM. We strongly believe that your participation will provide a substantial boost to our capital raising activities. We are confident that their broad experience and proven product portfolio will accelerate our own product development and user base expansion, positioning us as a benchmark in the region.”
Bitfinex’s interest in Latin America comes as the cryptocurrency exchange looks to increase its presence in the region. The cryptocurrency exchange seeks to provide financial services in the unbanked and unbanked regions of the world.
Bitfinex has played an active role in El Salvador over the past two years. The company is working closely with partners like Mi Primer Bitcoin to promote financial education and support local business growth.
Last month, Bitfinex Securities El Salvador, a fully regulated platform for issuing and trading tokenized assets, received El Salvador’s first Digital Asset Service Provider license under the country’s groundbreaking new Digital Asset Law.