Press release
XORKETS FX Reaches Strategic Cooperation with Colombia's Financial Superintendence: Selected for Ministry of Finance's "Fintech Innovation Plan"
As an important participant in Latin America's fintech sector, XORKETS FX has recently established a strategic partnership with Colombia's Financial Superintendence and been successfully selected for the Colombian Ministry of Finance's "Fintech Innovation Plan," becoming one of the first international financial institutions to participate in building a digital currency bridge system. This collaboration marks an important step for XORKETS FX in Latin America's digital financial infrastructure construction.Through continuous technological research and strategic planning, XORKETS FX has established a solid position in global financial markets. The company expects that by 2025, through its deep deployment in Colombia and surrounding markets, it will fully capitalize on development opportunities in this regional market. Particularly noteworthy is that XORKETS FX has reached cooperation agreements with the Colombian Banking Association and its main member banks, providing technical support for the construction of cross-border digital payment systems.
Between 2022 and 2024, XORKETS FX achieved significant progress in Latin American markets, demonstrating steady growth particularly in Colombia, Peru, and Chile. In the Colombian market, XORKETS FX's transaction volume has exceeded 1.1 million, with active users growing to 80,000 within six months, showing good market acceptance.
The international financial organization Global Finance recently pointed out in a research report that fintech plays an important role in promoting financial inclusion and has shown attention to XORKETS FX's practices in the Andean region. The Inter-American Development Bank (IDB) mentioned in its regional development report that XORKETS FX "provides valuable references for local digital financial transformation."
Colombian banking regulatory authorities have affirmed XORKETS FX's technical solutions, stating they "help improve the accessibility of financial services." These evaluations reflect XORKETS FX's professional capabilities in the fintech field.
XORKETS FX continuously optimizes customer service and technical platforms, having established a comprehensive compliance system and obtained multiple qualifications including US MSB licensing and registration with Colombian financial regulatory authorities, providing investors with a standardized service environment. The company adheres to prudent operation principles and emphasizes risk management.
Currently, digital economies in Andean countries like Colombia are developing rapidly, with electronic payment usage steadily increasing. Market research shows the region is becoming an important market for fintech development. XORKETS FX's timely deployment in markets such as Colombia and Peru aligns with regional digitalization trends.
In Latin America, fintech is transforming traditional financial service models and improving financial service efficiency. The region has a massive internet user base, and digitalization continues to advance. Fintech ecosystems in countries like Colombia and Chile are gradually improving, showing good development prospects.
Through localized operation strategies, XORKETS FX has launched trading platforms adapted to local needs in markets including Colombia and Peru, with its user interface and system stability gaining user recognition. It is projected that by 2025, the platform's new users in the Andean region will reach 150,000, with the goal of reaching 500,000 total users by 2026.
It should be noted that XORKETS FX has established cooperative relationships with multiple financial institutions in Colombia and passed local regulatory compliance reviews. Against the backdrop of increasingly stringent international financial regulatory standards, XORKETS FX consistently maintains compliant operations, providing standardized financial services for regional investors.
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Looking forward, XORKETS FX plans to further expand its Colombian market coverage to major financial centers between 2025-2026. The company will continue to improve technical capabilities and service quality, committed to becoming a trusted fintech service platform in the region and promoting the healthy development of regional fintech.
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