Ouinex Secures $4 Million in Funding to Broaden Crypto and Derivatives Trading Services
In Brief
Ouinex has effectively raised $4 million to advance its cryptocurrency trading capabilities and to obtain further regulatory approvals.
A platform for crypto and derivatives trading announced that it has successfully concluded its seed and initial private funding rounds, achieving a total of over $4 million . The Private 1 round, like the seed phase, exclusively involved the Ouinex community, guaranteeing full user engagement in the fundraising effort. Ouinex Additionally, the funds will be strategically allocated to the ongoing development and enhancement of the Ouinex platform while also focusing on acquiring more regulatory approvals.
Ilies Larbi, the CEO of Ouinex, shared with Cryptocurrencylistings, \"We are creating a trading environment specifically tailored for active traders, especially those coming from the traditional finance world who have yet to transition into the world of crypto. While many Web3 investors suffered in the recent bear market, our targeted audience remained invested solely in equities, a sector that has thrived despite the lack of crypto market exposure.\" regulatory licenses.
He further mentioned, \"Ouinex presents a golden opportunity for them to dip their toes into crypto investing. We collected $1.92 million through our Seed presale in under a month. Six months down the line, we updated our community on our progress and initiated our second round of token presale during the Private 1 Round, raising another $2.2 million in less than five days, entirely within our traditional finance audience.\"
By focusing on a user community-driven approach and innovative features, Ouinex is set to differentiate itself from conventional trading platforms. Rather than offering early-stage discounts primarily to venture capitalists and large investors, Ouinex prioritizes its future users as primary investors. This unique stance enables users to actively participate in the design of the platform, ensuring their specific trading demands are met.
Ouinex sets itself apart from other digital asset In addition, Ouinex stands out for its commitment to a fair and transparent trading environment, lower fees, and cutting-edge cross-margin trading functionalities.
Ouinex's Vision: Uniting Traditional Finance with Web3
By collaborating with leading traditional finance entities, Ouinex aspires to construct a top-tier trading infrastructure that seamlessly integrates established technologies into its offerings.
A significant portion of the investment will also be devoted to securing regulatory approvals, automating compliance measures, and bolstering human resources strategies to facilitate ongoing growth. crypto trading The overarching goal for Ouinex is to fuse traditional finance with Web3 through its innovative cross-margin feature.
Ilies Larbi elaborated, \"This functionality will enable users to leverage their crypto holdings as collateral for trading in traditional finance derivatives. For instance, if a user possesses ETH or BTC, they can use a fraction of these assets to place trades on commodities like gold, oil, or even equities— all accomplished through a single platform. Though we'll roll out this feature in the next stage, it represents our primary focus and the principal allocation of our resources.\"
Looking ahead, Ouinex intends to execute one last fundraising effort through its $OUIX token, providing the community a chance to further invest with a 17% discount. Furthermore, they are on the verge of launching their eagerly awaited desktop platform, a development that has generated considerable excitement among users.
Ensuring regulatory compliance remains a top priority for the company, with several jurisdictional approvals anticipated to be announced shortly, further solidifying Ouinex’s credibility as a reliable and compliant trading venue.
Please remember that the information presented on this page is not designed to serve as legal, tax, investment, financial, or any other kind of advice. It's crucial to invest only what you can afford to lose and to seek independent financial guidance if you're feeling uncertain. For further details, we recommend checking the terms and conditions along with the help and support pages provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting while acknowledging that market conditions may change at any time.
Disclaimer
In line with the Trust Project guidelines Kumar brings years of experience as a Tech Journalist, specializing in the ever-evolving realms of AI/ML, marketing technologies, and emerging sectors like crypto, blockchain, and NFTs. With over three years in the field, Kumar has honed a knack for creating captivating stories, conducting in-depth interviews, and delivering insightful analyses. He excels in producing high-impact content such as articles, reports, and research papers for leading industry platforms. His unique blend of technical knowledge and narrative skills allows him to clearly convey complex technological ideas to diverse audiences.
