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Openfx

Unclaimed

By Red Envelope Delta, Inc.

OpenFX is an institutional cross-border FX and settlement network that moves money across local payment rails and stablecoin rails, with access via a web dashboard or REST, FIX, and streaming APIs.

openfx.com ↗Structured profile ↗

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Snapshot

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What it does
  • OpenFX is an institutional cross-border FX and settlement network that moves money across local payment rails and stablecoin rails, with access via a web dashboard or REST, FIX, and streaming APIs.
More detail
  • Clients quote a time-locked rate, trade, and withdraw in another currency, with roughly 90% of trades settling in under 60 minutes and operations running 24/7/365.
Best for
  • Remittance companies, payment service providers, neobanks, FX brokers, payroll providers, and stablecoin-based infrastructure firms that need API-driven cross-border settlement and want to avoid pre-funding capital in each corridor.
Pricing
  • OpenFX charges no stated subscription or platform-management fee and earns through an FX spread: 3–5 bps over mid-market for G20 currencies and 10–12 bps for emerging-market currencies, with volume tiers (e.g., $30–500M/month in the 3–5 bps range) and possible additional benefits above $100M/month.
Main limitation
  • Individuals or consumer use, and teams wanting chat-based trading, named accounts, real-time USD payments, or corridors not yet live (many listed currencies are slated for Q4 2026–Q2 2027).
Record
Living and monitored
Reviewed
Evidence
Public web research

About

  • OpenFX is an institutional cross-border FX and settlement network that moves money across local payment rails and stablecoin rails, with access via a web dashboard or REST, FIX, and streaming APIs.
  • Clients quote a time-locked rate, trade, and withdraw in another currency, with roughly 90% of trades settling in under 60 minutes and operations running 24/7/365.

What it helps with

Capabilities

A practical view of what is available and where limitations apply.

OfferingAvailableDetail
Trading API YesREST, FIX, and streaming APIs support programmatic quote, trade, deposit, and withdraw.
Time-locked quotes YesThe quoted rate is guaranteed at quote time.
Fiat and stablecoin rails YesSupports USDC and USDT for on-ramping, off-ramping, and cross-border transfers alongside fiat currencies.
Multi-currency dashboard YesUnified account and wallet view with role management and workflow automation.
No pre-funding required YesMarketed for remittance companies, keeping capital on the client's balance sheet rather than split across local accounts.
Cancellable trades NoConfirmed trades cannot be cancelled; reversal requires an opposite trade, and any one-time spread credit is discretionary.
Named accounts NoThe company states it does not currently offer named accounts; virtual account solutions are in development.
Real-time payments to USD NoUSD does not support real-time payments; the fastest USD path is intrabank transfer via partner bank Cross River Bank.
Consumer use NoInstitutional clients only; personal transactions are not supported.
Chat-based trading NoAll trades go through the secure web GUI or API; no Telegram or Slack execution.

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Evidence

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Verification
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  • The owner has not manually confirmed every field.
Last reviewed
Primary source
openfx.com
Technical profile details
Record IDd6b9f5c6-a342-425c-915e-bc84f3113331Canonical URLhttps://profiles.scribble.network/listing/openfx-d6b9f5c6