O
Open Exchange
A public marketplace for crypto claims trading and derivatives
About Open Exchange
OPNX is a pioneering startup in the cryptocurrency space, offering a unique and transparent platform for trading claims and staking tokens. The company operates in the digital asset market, specifically targeting individuals and entities affected by crypto bankruptcies. OPNX provides a solution for the 20 million people with $20 billion trapped in crypto bankruptcy by allowing them to transform their trapped claims into tokens, thereby accessing immediate capital.
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The core of OPNX's business model revolves around its native token, OX, and its credit currency, oUSD. Users can buy, stake, and earn rewards through the OPNX Herd dashboard. By staking OX tokens, users can trade for free, earn rewards, and use these staked tokens as collateral to trade crypto futures. This staking mechanism not only incentivizes user participation but also creates a robust ecosystem around the OX token.
OPNX also offers a transparent claims trading platform, an industry first, where users can onboard their claims from bankrupt crypto exchanges like FTX and Celsius. This feature provides a much-needed liquidity solution for those with trapped assets, transforming these claims into tradable tokens.
The platform emphasizes transparency, with all collateral and liquidation data available on-chain. This means users can monitor their funds in real-time, ensuring a higher level of trust and security. Additionally, OPNX offers varied yield opportunities through its Vault, where users can stake oUSD to earn passive income.
Clients of OPNX include individual crypto investors, institutional traders, and anyone affected by crypto bankruptcies. The company makes money through transaction fees, staking rewards, and other trading-related activities.
In summary, OPNX is revolutionizing the crypto trading landscape by providing transparent, innovative solutions for claim trading and token staking, all while ensuring users have full visibility of their assets.
At a glance
- Status
- Operational
- Founded
- 2023
- Headquarters
- Central and Western District, Hong Kong
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 58.0/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi
- Sector
- Fintech, Crypto Exchange, Cefi, Crypto Derivatives, Crypto and Web3, Hard Tech
- Technology
- Blockchain
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Mar 2023 | $25M | $100M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Open Exchange is 460 monthly website visits, down 96.7% over the last three months. Open Exchange's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Other known investors1 additional known investor
Token Bay Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Open Exchange on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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