OrangeX review
OrangeX is a centralized cryptocurrency exchange founded in 2021, offering spot trading, perpetual futures up to 200x leverage, a copy-trading program, and Simple/Dual Asset Earn yield products across roughly 330 coins and 330+ trading pairs. Reported 24-hour spot volume runs in the $900 million to $1 billion range, placing it well behind category leaders such as Binance or OKX in scale. Its regulatory footprint is unclear: the company's own site claims registration in Saint Vincent and the Grenadines plus a US MSB registration and "NFA licenses," with applications pending in Canada, Lithuania and Estonia, while CoinGecko lists Seychelles as the registered jurisdiction and finds no regulatory authorization for its spot business, assigning it a 4/10 trust score. No founder, CEO or executive team is named publicly.
OrangeX key facts
- Website: www.orangex.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2021
- Headquarters: Saint Vincent and the Grenadines per the company; Seychelles per CoinGecko and CoinMarketCap
- Regulatory status: Self-reported US MSB registration and NFA license claims; CoinGecko finds no regulatory authorization identified for spot trading
- Products: Spot trading, perpetual futures up to 200x leverage, copy trading, Simple Earn and Dual Asset Earn, demo trading
- Trading fees: Spot 0.10% maker/taker; perpetual futures 0.02% maker, 0.06% taker
- Supported assets: Roughly 330 cryptocurrencies across 330+ trading pairs; 130+ USDT-margined perpetual contracts
- 24h trading volume: Roughly $900M-$1B reported by CoinGecko and CoinMarketCap
- FYI Score: 74.6/100 (ranked #38 of the 48 crypto exchanges we track)
Trading fees
- Spot trading: flat 0.10% maker and 0.10% taker, per OrangeX's own fee schedule
- Perpetual futures: 0.02% maker / 0.06% taker; one third-party tracker (Cryptowisser) lists a marginally lower 0.05% taker rate
- Copy trading: 0.06% maker and 0.06% taker
- No public VIP or volume-tier fee schedule found, unlike larger exchanges; CoinGecko reports a $2 flat withdrawal fee on top of blockchain network fees
Supported assets
- Roughly 330 cryptocurrencies and 330+ trading pairs (CoinGecko: 332 coins / 336 pairs; CoinCodex: 325 coins / 332 pairs)
- BTC/USDT is the dominant pair, reported at roughly a third of 24-hour spot volume
- 130+ USDT-margined perpetual futures contracts (CoinMarketCap)
- Settlement stablecoins reported include USDT, USDC, USD1, Tether Gold (XAUT) and USDe
Products
- Spot trading with instant token-to-token conversion
- Perpetual futures up to 200x leverage, plus a risk-free demo trading mode
- Copy trading / lead-trader program, offered in a stated 20 languages
- Simple Earn (flexible/fixed) and Dual Asset Earn structured yield products, advertised up to 15% and 960% APR respectively; these are directional marketing figures for structured products, not guaranteed returns
- No dedicated options-trading product found on the current platform's navigation or help center, despite some older third-party listings describing OrangeX as an options exchange
Security & regulation
- States registration in Saint Vincent and the Grenadines; CoinGecko and CoinMarketCap instead list Seychelles as the registered jurisdiction, with a London, UK support/business address — the discrepancy is unresolved
- Self-reports a US MSB registration and "NFA licenses," applications pending in Canada, Lithuania and Estonia, and an AUSTRAC virtual-asset-service-provider registration in Australia; CoinGecko's independent assessment finds "no regulatory authorization identified" for OrangeX's spot business and assigns a 4/10 trust score
- Claims a 1,000 BTC insurance fund and multi-signature cold/hot wallet custody; no independently named security auditor or public audit report could be confirmed
- No disclosed hack or security breach in the past 12 months per CoinGecko's incident tracking
Fiat & payments
- Card purchases and a third-party payment processor (Volet) advertised on the homepage for buying crypto directly
- No consistent direct bank-transfer fiat deposit corridor found; independent trackers (CoinGecko) list no fiat deposit method, suggesting the exchange is effectively crypto-funded for most users
- $2 flat withdrawal fee reported by CoinGecko, in addition to standard blockchain network fees
- No stated fiat withdrawal path back to a bank account
Markets
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Who OrangeX is for
OrangeX may appeal to traders wanting high-leverage perpetuals (up to 200x), copy trading and low flat fees, but the unresolved headquarters jurisdiction, absence of named leadership, and CoinGecko's 4/10 trust score argue for caution, particularly around fund custody, dispute resolution, and the durability of advertised high-APR Earn products.
Pros
- Broad asset coverage relative to its size: roughly 330 listed cryptocurrencies and 330+ trading pairs
- Flat, transparent fee schedule: 0.10% spot, as low as 0.02% maker on perpetual futures
- Copy trading program spanning a stated 20 languages, relevant for lead-trader/follower ecosystem research
- No disclosed hack or security breach recorded in the past 12 months per CoinGecko tracking
Cons
- Regulatory status is murky and contested: self-reported Saint Vincent registration and US MSB/NFA claims conflict with CoinGecko's finding of "no regulatory authorization identified" and a 4/10 trust score
- Headquarters jurisdiction itself is disputed between the company's own claim (Saint Vincent and the Grenadines) and third-party trackers (Seychelles), with a London address used for support/business correspondence
- No named founders, executives or leadership team could be identified in company materials or third-party coverage
- Liquidity is comparatively thin: CoinGecko weights liquidity as the largest single drag on its trust score, and CoinCodex ranks OrangeX around #54 by exchange volume with about 0.2% market share
OrangeX FAQ
Is OrangeX regulated?
Not clearly. OrangeX's own site claims a US Money Services Business (MSB) registration, "NFA licenses," an AUSTRAC virtual-asset-service-provider registration in Australia, and pending applications in Canada, Lithuania and Estonia. CoinGecko's independent assessment, however, finds no regulatory authorization identified for OrangeX's spot trading business and assigns the exchange a 4/10 trust score, citing gaps in regulation, liquidity and transparency.
Where is OrangeX headquartered?
This is disputed. OrangeX states it is registered in Saint Vincent and the Grenadines. Independent trackers CoinGecko and CoinMarketCap instead list Seychelles as the registered jurisdiction, with a support/business address in London, UK. FYI could not resolve this discrepancy from public sources.
What are OrangeX's trading fees?
Spot trading is a flat 0.10% maker and 0.10% taker. Perpetual futures are 0.02% maker and 0.06% taker per OrangeX's own fee schedule (one third-party tracker lists a slightly lower 0.05% taker rate). Copy trading is 0.06% maker and taker. No public VIP or volume-discount tier structure was found.
Does OrangeX offer options trading?
Not currently, based on the platform's live navigation and help center, which list only spot trading, perpetual futures up to 200x leverage, copy trading, Simple/Dual Asset Earn and demo trading. Some older or generic third-party listings describe OrangeX as offering options, but no options product could be confirmed on the current site.
Compare OrangeX with other crypto exchanges
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