# OVEX

> Emerging Market Liquidity. At Scale.

OVEX is a licensed cryptocurrency exchange and cross-border payments company. It provides fiat-to-crypto conversion, OTC trading, and foreign exchange services connecting Africa to global markets.

OVEX is a financial services company operating a licensed cryptocurrency exchange and cross-border payments platform focused on connecting African markets to the rest of the world. It serves banks, fintechs, corporates, brokers, and individual traders who need to move money, manage liquidity, or execute trades across borders. The company positions itself around eliminating the cost and delay typical of traditional cross-border settlement.

The platform combines several functions, including market making, OTC dealing, prime brokerage, and payments infrastructure, into a single regulated venue. It relies on stablecoin rails and a network of fiat on and off ramps spanning multiple currencies to settle transactions faster than conventional correspondent banking. OVEX is licensed and regulated in the jurisdictions where it operates and follows standard know your customer and anti money laundering frameworks, with client assets held through segregated custody arrangements.

Core offerings include an OTC desk for high volume digital asset and foreign exchange trading, a wholesale FX service for institutional clients, a broker platform for managing client portfolios, and retail tools for buying and selling crypto with local fiat currencies. These products are used by banks, card issuers, fintechs, bureaux de change, and corporates as well as individual retail traders across a growing number of African markets and beyond.

- Type: Company
- Sector: Payments
- Status: Active
- Founded: 2017-01-01
- Profile: https://thegrid.id/profiles/ovex

## Products

- [OVEX Exchange](https://thegrid.id/profiles/ovex): OVEX Exchange is a centralized cryptocurrency trading platform that enables users to buy, sell, and trade digital assets against fiat currencies and other cryptocurrencies. The platform provides instant conversions, orderbook trading across multiple market pairs, and wallet services for storing digital assets. Users can deposit fiat currency, execute trades with real-time pricing, and withdraw funds to bank accounts. (Centralised Exchange, Live, Main Product)
- [OVEX OTC Desk](https://thegrid.id/profiles/ovex): OVEX OTC Desk is an over-the-counter trading service for high-volume cryptocurrency and foreign exchange transactions. The desk provides dedicated one-on-one trading support available continuously, enabling users to execute large orders with zero slippage and immediate settlement away from public order books. It offers post-trade settlement, margin services for leveraged positions, and conversions across crypto-to-fiat, fiat-to-fiat, and crypto-to-crypto pairs for institutional and high-volume clients. (OTC, Live)
- [OVEX Interest Accounts](https://thegrid.id/profiles/ovex): OVEX Interest Accounts is a savings and yield product that enables users to deposit stablecoins and cryptocurrencies and earn daily compounding interest through OVEX's lending operations. Rates are tiered by balance with no action required from users, no minimum term, and no fees, with withdrawals subject to a notice period. (Savings & Yield, Live)
- [OVEX Stablecoin Conversion](https://thegrid.id/profiles/ovex): OVEX Stablecoin Conversion is an on-ramp service that converts US dollars to a dollar-pegged stablecoin at a 1:1 ratio for a flat conversion fee. Users wire USD to an offshore facility, and upon settlement their OVEX account is immediately credited with the equivalent stablecoin amount. The service avoids the wire intake fees and processing charges common to traditional conversion methods and bypasses market volatility by providing a direct 1:1 conversion rather than a market-based trade. (On/Off Ramp, Live)
- [OVEX Broker Platform](https://thegrid.id/profiles/ovex): OVEX Broker Platform is a white-label infrastructure service that lets businesses launch a branded crypto brokerage without building their own trading, custody, or liquidity stack. It provides API integration for client management and trade execution, a broker dashboard for managing client accounts and commissions, and built-in KYC and compliance handled by OVEX. Brokers set custom spreads per client and access OVEX's liquidity and custody infrastructure. (Financial Services Platform, Live)
- [OVEX Private Placements](https://thegrid.id/profiles/ovex): OVEX Private Placements is a service giving qualified South African investors access to curated offshore private equity deal flow across sectors such as AI infrastructure and fintech. OVEX coordinates sourcing, onboarding, currency conversion, and special purpose vehicle administration so investors can fund allocations in local currency and deploy capital offshore. Investors receive digital shareholding records and track performance through a dedicated client portal. (Venture Fund, Live)
- [OVEX Wholesale FX](https://thegrid.id/profiles/ovex): OVEX Wholesale FX is an institutional foreign exchange service providing execution for banks, fintechs, card issuers, corporates, and financial intermediaries across African currency pairs. Clients trade directly with a dedicated dealer, including via messaging-based execution, and can access institutional credit lines in local currencies with post-trade settlement. It targets relationship-managed FX flows for cross-border payments, trade finance, and treasury operations. (Financial Services Platform, Live)

## Links

- [Main](https://ovex.com)
- [Blog](https://blog.ovex.com)
- [Documentation](https://docs.ovex.io)
- [Terms of Service](https://storage.googleapis.com/ovex-static-assets/legal/OVEX_Terms_and_Conditions.pdf)
- [Privacy policy](https://support.ovex.io/ovex-privacy-policy)
- [LinkedIn](https://linkedin.com/company/ovex-exchange)
- [Twitter / X](https://x.com/OVEXio)
- [Medium](https://ovexcrypto.medium.com)
- [Facebook](https://facebook.com/OVEXio)
- [Telegram](https://t.me/OVEXIO)

## Legal

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The following applies to both licensing models.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP