vexjo is a Jordanian platform specializing in over-the-counter (OTC) trading of USDT (Tether), founded in 2019 in Amman, Jordan. The platform enables Jordanian users to buy and sell USDT directly in Jordanian Dinar (JOD) through CliQ — the Central Bank of Jordan’s instant payment system — with cryptocurrency delivery on BEP20 (BNB Smart Chain) and TRC20 (TRON) networks.
About the Platform
vexjo is an OTC cryptocurrency exchange — meaning the platform itself is the counterparty in every buy or sell transaction, not another user. This model differs from traditional exchanges (like Binance or Coinbase) that use order books to match buyers and sellers.
vexjo started as a manual OTC service via WhatsApp in 2019, serving Jordanian users who needed to convert between Jordanian Dinar and USDT without going through international platforms that don’t support JOD as a local currency. After thousands of successful transactions, the service evolved into a full-featured web platform with Arabic and English interfaces.
Website: vexjo.com
Headquarters and Target Market
- Headquarters: Amman, Jordan
- Market: The Hashemite Kingdom of Jordan
- Local currency: Jordanian Dinar (JOD)
- Founded: 2019
- Service type: Over-the-Counter (OTC) Cryptocurrency Exchange
- Supported cryptocurrency: USDT (Tether)
- Supported networks: BEP20 (BSC) and TRC20 (TRON)
How vexjo Works
Buying USDT
- The user creates a buy order for the desired amount (10 to 5,000 USDT)
- The platform displays the exchange rate and the JOD amount to be paid
- The user transfers the amount via CliQ — instant bank-to-bank transfer across all Jordanian banks
- After payment confirmation, the platform sends USDT to the user’s wallet on BEP20 or TRC20, or credits their on-platform balance
Selling USDT
- The user creates a sell order and specifies the amount
- The user sends USDT to the platform’s wallet address
- After blockchain verification, the platform transfers the equivalent JOD amount via CliQ to the user’s bank account
Pricing Model
vexjo uses an anchor-based tiered pricing system. The exchange rate varies based on transaction size — larger amounts typically receive better rates. The final price in JOD is displayed before order confirmation, providing full transparency.
Technical Architecture
- Frontend: Progressive Web App (PWA) built with Flutter Web, supporting Arabic and English with full right-to-left (RTL) support
- Backend: Firebase Cloud Functions with TypeScript
- Database: Cloud Firestore
- Authentication: Firebase Authentication with Jordanian phone verification
- Payments: CliQ — Jordan’s instant payment system connecting all Jordanian banks
- Blockchain: Direct integration with BNB Smart Chain (BEP20) via ethers.js and TRON (TRC20) via TronWeb
- Notifications: Real-time push via FCM with Telegram support for administrators
- Hosting: Firebase Hosting on custom domain vexjo.com
Key Features
CliQ Integration
CliQ is the instant payment system launched by the Central Bank of Jordan, enabling transfers between all Jordanian banks and e-wallets within seconds. vexjo is among the first platforms to integrate CliQ as a primary payment method for cryptocurrency trading in Jordan.
On-Platform USDT Wallet
The platform provides a custodial wallet for each user, allowing USDT storage on-platform for later use in sell orders or withdrawals to an external wallet. Every transaction is recorded in a transparent ledger.
BEP20 and TRC20 Support
Users choose their preferred network when buying or withdrawing. BEP20 operates on BNB Smart Chain (BSC), while TRC20 operates on the TRON network. Each network has different transfer fees and confirmation times.
Bilingual Interface
The platform is fully available in Arabic and English, with RTL support and custom Arabic (Cairo) and English (Outfit) typography.
Referral Program
Each user receives a unique referral code (VEX-XXXXXX). When a new user signs up with the code, the referrer earns USDT commission on each transaction made by the referred user, and the referred user receives a discount on exchange rates.
Regulatory Context
Jordan enacted the Virtual Assets Law (Law No. 14 of 2025) establishing the first formal regulatory framework for cryptocurrencies in the country under the supervision of the Jordan Securities Commission. The law requires Virtual Asset Service Providers (VASPs) to obtain a formal license to operate in the Jordanian market.
Why USDT?
USDT (Tether) is a stablecoin pegged 1:1 to the US Dollar. It is the most traded stablecoin globally with a market capitalization exceeding $140 billion. Jordanians use it for several purposes:
- International money transfers at lower cost and higher speed than traditional bank wires
- Dollar-denominated savings as a hedge against currency fluctuations
- Trading on global cryptocurrency platforms that don’t directly support JOD
- Paying for international digital services
Comparison with Alternatives
| Feature | vexjo | Global Exchanges (Binance) | Informal P2P |
|---|---|---|---|
| JOD support | Direct via CliQ | Not supported | Manual |
| Execution speed | Minutes | Days (SWIFT) | Variable |
| Delivery guarantee | Guaranteed | Guaranteed | None |
| Minimum amount | 10 USDT | Varies | Varies |
| Arabic language | Full with RTL | Partial | N/A |
| Identity verification | Jordanian phone | Passport + proof of address | None |
Technical Details
- Transaction limits: Buy/sell from 10 to 5,000 USDT per order
- Minimum withdrawal: 5 USDT
- Minimum deposit: 5 USDT
- Blockchain confirmations: 12 blocks on BEP20, 19 blocks on TRC20
- Web app: Installable as a PWA on all devices