[Funding alert] Paris-based Ouinex Secures over $4Million in Funding
Feb 23, 2024 | By Team SR
Paris-based Ouinex secures over $4million in funding. The supporters were kept a secret. The money will be used by the business to improve and expand its platform as well as to obtain further licences from authorities.
Ouinex, a regulated and safe cryptocurrency and derivatives trading platform with a focus on low latency and reasonable trading costs, is led by CEO Ilies Larbi.
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Users can trade TradeFi products by utilising their cryptocurrency holdings as margin thanks to this new universal cross margining feature, which provides a TradFi electronic trading infrastructure to Web3.
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Ilies Larbi, CEO of Ouinex told MPost said, “We are developing a trading platform for active traders and, more specifically, for traders from the tradFi space who haven’t yet leaped crypto trading. While the bear market emptied most Web3 investors’ pockets, our niche audience had their investments exclusively in the equities market, which has been doing great, with no exposure to the crypto market,”.
Only qualified active traders with substantial experience in Traditional Finance (TradFI) products make up the Ouinex community.
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In addition to bringing financial support, this dynamic interaction ensures Ouinex has a committed and engaged user base. Even before the product launches, the project has secured its user base because tokens will be issued directly on the Ouinex platform.
About Ouinex
The goal of Ouinex is to create a Tier 1 trading infrastructure for cryptocurrency trading by integrating tested technology. To achieve sustained growth, significant resources will also be devoted to automation of compliance, regulatory clearances, and wise investments in human resources.
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