Fast, Reliable Institutional FX For the Colombian Peso

Despite taming inflation, currency risk remains a real problem in Colombia. Rails are slow and expensive, particularly for institutional players with high volume.

Colombia flag.

COP

COP

Colombian Peso

Colombian Peso

USD

USD

United States Dollar

United States Dollar

15 mins

15 mins

Are legacy rails still slowing your COP payments?

Are legacy rails still slowing your COP payments?

Are legacy rails still slowing your COP payments?

Despite recent regulatory shifts, moving money through ARS remains slow and expensive, particularly for institutional players with high volume.

Crippling Settlement Lag

Crippling Settlement Lag

Tight liquidity across currency pairs can drive settlements to 5+ days, tying up capital and increasing the risk of settlement devaluation.

Opaque, Excessive Fees

Opaque, Excessive Fees

Multi-hop payments through intermediary currencies drive up banking fees. Wide spreads on exotic pairs can add hundreds of additional basis points to total transaction cost.

Limited Banking Windows

Traditional 9-5 banking hours free funds over weekends and holidays, slowing settlements further.

Crippling Settlement Lag

Tight liquidity across currency pairs can drive settlements to 5+ days, tying up capital and increasing the risk of settlement devaluation.

Opaque, Excessive Fees

Multi-hop payments through intermediary currencies drive up banking fees. Wide spreads on exotic pairs can add hundreds of additional basis points to total transaction cost.

Limited Banking Windows

Traditional 9-5 banking hours free funds over weekends and holidays, slowing settlements further.

An Expanding Market

Colombia is a key player in Latin American FX. E-commerce and digital payments are on the rise, and Colombia ranks 3rd in LATAM for crypto transactions.

Significant Inflows

Significant Inflows

$14.2B in Foreign Direct Investments and $11.85B in annual remittance payments moved through the country in 2024, these numbers are likely to rise over the next few years.

Slow Rails

Slow Rails

Yet for SMEs, money still moves slowly. Thin liquidity for certain pairs means many transactions need to be routed through intermediary currencies. Complex bureaucracy means that businesses can wait days for settlements.

Modern Rails for a Modern Colombia

OpenFX was built to solve the core challenges of institutional FX liquidity, providing a single platform for superior speed, availability, and cost-efficiency.

99%

99%

Faster settlement

Most transactions settle in under 60 minutes or less.

99%

Faster settlement

Most transactions settle in under 60 minutes or less.

Others take 2-5 days

24/7

24/7

Availability

Move money anytime: weekends, holidays, or the middle of the night.

Others operate only during business hours

90%

90%

Lower costs

Transparent, predictable pricing with 
zero hidden correspondent fees.

Others cost 3-5% in hidden fees

Start moving money within a week

With traditional FX it can take six months or more to onboard. We can get you started in less than 72 hours.

A snippet of the OpenFX personalized Sandbox UI.
A snippet of the OpenFX personalized Sandbox UI.
A snippet of the OpenFX personalized Sandbox UI.

Get access to a personalized sandbox

Explore the platform without long-term commitments.

Detail of the OpenFX trading widget.
Detail of the OpenFX trading widget.
Detail of the OpenFX trading widget.

Get a quote and exchange

Time-lock guarantee on quoted rate.
Convert currencies 24/7 without red tape.

Closeup of a Withdrawal request on the OpenFX platform.
Closeup of a Withdrawal request on the OpenFX platform.
Closeup of a Withdrawal request on the OpenFX platform.

Settle any amount

Withdraw or deposit multiple times a day.


FX ON AND OFF-RAMP

OpenFX has made our trading operations significantly easier and more cost-efficient. Their API integration has streamlined our liquidity routing, and settlements are now faster and more reliable. With the ability to scale toward 24/7 operations, we're excited to expand into new corridors with OpenFX.

Hongyi Tang

Vice President - LATAM

VelaFi is a stablecoin-powered cross-border financial infrastructure for enterprises in emerging markets. Operating across LATAM, the US, and Asia, VelaFi has supported hundreds of enterprises with end-to-end services including cross-border collections and payouts, treasury management, settlement, and clearing.

FX ON AND OFF-RAMP

OpenFX has made our trading operations significantly easier and more cost-efficient. Their API integration has streamlined our liquidity routing, and settlements are now faster and more reliable. With the ability to scale toward 24/7 operations, we're excited to expand into new corridors with OpenFX.

Hongyi Tang

Vice President - LATAM

FX ON AND OFF-RAMP

OpenFX has made our trading operations significantly easier and more cost-efficient. Their API integration has streamlined our liquidity routing, and settlements are now faster and more reliable. With the ability to scale toward 24/7 operations, we're excited to expand into new corridors with OpenFX.

Hongyi Tang

Vice President - LATAM

VelaFi is a stablecoin-powered cross-border financial infrastructure for enterprises in emerging markets. Operating across LATAM, the US, and Asia, VelaFi has supported hundreds of enterprises with end-to-end services including cross-border collections and payouts, treasury management, settlement, and clearing.

What currencies are you looking for?

Our roadmap is always expanding.

JUST launched

Colombia flag.

COP

Colombian Peso

New

Colombia flag.

COP

Colombian Peso

New

Colombia flag.

COP

Colombian Peso

New

Argentina flag.

ARS

Argentine Peso

New

Argentina flag.

ARS

Argentine Peso

New

Argentina flag.

ARS

Argentine Peso

New

Active

United Arab Emirates flag.

AED

United Arab Emirates Dirham

Australia flag.

AUD

Australian Dollar

Brazil flag.

BRL

Brazilian Real

Euro flag.

EUR

Euro

Euro Coin (EURC) icon.

EURC

Euro Coin

UK flag.

GBP

British Pound Sterling

Mexico flag.

MXN

Mexican Peso

 USA flag.

USD

US Dollar

USD Coin (USDC) icon.

USDC

USD Coin

Tether (USDT) icon.

USDT

USD Tether

Coming soon

Hong Kong flag.

HKD

Hong Kong Dollar

Q4 2025

Philippines flag.

PHP

Philippine Peso

Q4 2025

Singapore flag.

SGD

Singapore Dollar

Q4 2025

India flag.

INR

Indian Rupee

Q1 2026

Turkey flag.

TRY

Turkish Lira

Q1 2026

Canada flag.

CAD

Canadian Dollar

Q2 2026

Chile flag.

CLP

Chilean Peso

Q2 2026

Denmark flag.

DKK

Danish Krone

Q2 2026

New Zealand flag.

NZD

New Zealand Dollar

Q2 2026

Switzerland flag.

CHF

Swiss Franc

Q2 2026

Indonesia flag.

IDR

Indonesian Rupiah

Q2 2026

Japan flag.

JPY

Japanese Yen

Q2 2026

South Korea flag.

KRW

South Korean Won

Q2 2026

Norway flag.

NOK

Norwegian Krone

Q2 2026

Sweden flag.

SEK

Swedish Krona

Q2 2026

Saudi Arabia flag.

SAR

Saudi Arabian Riyal

Q3 2026

Hong Kong flag.

ZAR

South African Rand

Q3 2026

Frequently asked questions.

Our team of experts is always here to answer any questions you may have about our infrastructure and how you can make the most of it.

What is OpenFX?

OpenFX is a next-generation cross-border payment infrastructure provider. We enable institutions like you to move money globally with near-instant settlement, deep liquidity, and exceptional cost efficiency. Our infrastructure combines the reliability of traditional finance with the speed and programmability of modern blockchain rails.

What is OpenFX?

OpenFX is a next-generation cross-border payment infrastructure provider. We enable institutions like you to move money globally with near-instant settlement, deep liquidity, and exceptional cost efficiency. Our infrastructure combines the reliability of traditional finance with the speed and programmability of modern blockchain rails.

What is OpenFX?

OpenFX is a next-generation cross-border payment infrastructure provider. We enable institutions like you to move money globally with near-instant settlement, deep liquidity, and exceptional cost efficiency. Our infrastructure combines the reliability of traditional finance with the speed and programmability of modern blockchain rails.

What types of clients do you serve?

OpenFX caters to enterprise-level clients: remittance companies, neobanks, brokerages, payment processors, and payroll providers. We work with businesses across a wide range of industries and geographies.

What types of clients do you serve?

OpenFX caters to enterprise-level clients: remittance companies, neobanks, brokerages, payment processors, and payroll providers. We work with businesses across a wide range of industries and geographies.

What types of clients do you serve?

OpenFX caters to enterprise-level clients: remittance companies, neobanks, brokerages, payment processors, and payroll providers. We work with businesses across a wide range of industries and geographies.

How fast are trades settled?

90% of trades settle in under 60 minutes, with 30% settling in under 10 minutes. This is significantly faster than the 2–7 day timelines typical of traditional FX providers.

How fast are trades settled?

90% of trades settle in under 60 minutes, with 30% settling in under 10 minutes. This is significantly faster than the 2–7 day timelines typical of traditional FX providers.

How fast are trades settled?

90% of trades settle in under 60 minutes, with 30% settling in under 10 minutes. This is significantly faster than the 2–7 day timelines typical of traditional FX providers.

Can OpenFX help me expand into new markets or currencies?

Yes. We can support your expansion into new markets and currencies. We have experts in global banking and regulatory compliance who can help you navigate the complexities of regional payment networks, and ensure a seamless experience for your clients.

Can OpenFX help me expand into new markets or currencies?

Yes. We can support your expansion into new markets and currencies. We have experts in global banking and regulatory compliance who can help you navigate the complexities of regional payment networks, and ensure a seamless experience for your clients.

Can OpenFX help me expand into new markets or currencies?

Yes. We can support your expansion into new markets and currencies. We have experts in global banking and regulatory compliance who can help you navigate the complexities of regional payment networks, and ensure a seamless experience for your clients.

What currencies and payment rails do you support?

We support a wide range of fiat, including the major G20 currencies as well as many in emerging markets. We have banking infrastructure and licenses in key markets like the US, UK, Europe, UAE, Mexico, Brazil, and Southeast Asia, allowing us to offer local payment rails and bank account integrations. In addition to fiat currencies, we also support popular stablecoins like USDC, USDT, and others, which can be used for on-ramping, off-ramping, and cross-border transfers.

What currencies and payment rails do you support?

We support a wide range of fiat, including the major G20 currencies as well as many in emerging markets. We have banking infrastructure and licenses in key markets like the US, UK, Europe, UAE, Mexico, Brazil, and Southeast Asia, allowing us to offer local payment rails and bank account integrations. In addition to fiat currencies, we also support popular stablecoins like USDC, USDT, and others, which can be used for on-ramping, off-ramping, and cross-border transfers.

What currencies and payment rails do you support?

We support a wide range of fiat, including the major G20 currencies as well as many in emerging markets. We have banking infrastructure and licenses in key markets like the US, UK, Europe, UAE, Mexico, Brazil, and Southeast Asia, allowing us to offer local payment rails and bank account integrations. In addition to fiat currencies, we also support popular stablecoins like USDC, USDT, and others, which can be used for on-ramping, off-ramping, and cross-border transfers.

How quickly will my deposit reflect in my account?

Fiat deposits typically reflect within 20 minutes once received. Crypto deposits settle in near real-time, subject to blockchain speed and congestion. Timelines may vary depending on the sending institution and rail used.

How quickly will my deposit reflect in my account?

Fiat deposits typically reflect within 20 minutes once received. Crypto deposits settle in near real-time, subject to blockchain speed and congestion. Timelines may vary depending on the sending institution and rail used.

How quickly will my deposit reflect in my account?

Fiat deposits typically reflect within 20 minutes once received. Crypto deposits settle in near real-time, subject to blockchain speed and congestion. Timelines may vary depending on the sending institution and rail used.

How do you compare to other FX infrastructure providers in the market?

While there are several other FX infrastructure providers in the market, OpenFX stands out for our laser focus on speed, cost-efficiency, and transparency. Unlike some of our competitors, we do not offer any additional services beyond core FX and money movement capabilities, allowing us to maintain a highly specialized and optimized platform. Our unique approach to liquidity management, leveraging stablecoins and dynamic balance sheet allocation, enables us to deliver unparalleled pricing and settlement times compared to traditional banks and FX providers.

How do you compare to other FX infrastructure providers in the market?

While there are several other FX infrastructure providers in the market, OpenFX stands out for our laser focus on speed, cost-efficiency, and transparency. Unlike some of our competitors, we do not offer any additional services beyond core FX and money movement capabilities, allowing us to maintain a highly specialized and optimized platform. Our unique approach to liquidity management, leveraging stablecoins and dynamic balance sheet allocation, enables us to deliver unparalleled pricing and settlement times compared to traditional banks and FX providers.

How do you compare to other FX infrastructure providers in the market?

While there are several other FX infrastructure providers in the market, OpenFX stands out for our laser focus on speed, cost-efficiency, and transparency. Unlike some of our competitors, we do not offer any additional services beyond core FX and money movement capabilities, allowing us to maintain a highly specialized and optimized platform. Our unique approach to liquidity management, leveraging stablecoins and dynamic balance sheet allocation, enables us to deliver unparalleled pricing and settlement times compared to traditional banks and FX providers.

Can I try out your platform before committing?

Absolutely! We offer a sandbox environment where you can test our platform, execute sample trades, and see our pricing in real-time. Our team is also happy to provide a personalized demo and walk-through to help you understand how OpenFX can integrate with your existing treasury and payment workflows.

Can I try out your platform before committing?

Absolutely! We offer a sandbox environment where you can test our platform, execute sample trades, and see our pricing in real-time. Our team is also happy to provide a personalized demo and walk-through to help you understand how OpenFX can integrate with your existing treasury and payment workflows.

Can I try out your platform before committing?

Absolutely! We offer a sandbox environment where you can test our platform, execute sample trades, and see our pricing in real-time. Our team is also happy to provide a personalized demo and walk-through to help you understand how OpenFX can integrate with your existing treasury and payment workflows.

Faster, more reliable liquidity

Settle multiple times a day. Withdraw in under 60 mins.

OpenFX trading interface.

Faster, more reliable liquidity

Settle multiple times a day. Withdraw in under 60 mins.

Faster, more reliable liquidity

Settle multiple times a day. Withdraw in under 60 mins.

OpenFX trading interface.

Global network

Teams operating across North America, Europe, Middle East, and Asia

Operating Hours

We never close. Our platform and
support teams are available 24/7/365

Write to us

Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.

Global network

Teams operating across North America, Europe, Middle East, and Asia

Operating Hours

We never close. Our platform and support teams are available 24/7/365

Write to us

Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.

Global network

Teams operating across North America, Europe, Middle East, and Asia

Operating Hours

We never close. Our platform and support teams are available 24/7/365

Write to us

Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.