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Ouinex Secures $5M in Private Funding during Paris Event

Finance Magnates

Cryptocoins News / Finance Magnates 37 Views

Ouinex, a digital assets trading platform, has raised $5 million through a series of private funding rounds. The most recent Private 2 token sales round raised $1 million, bringing the total funds raised to $5.2 million.

Ouinex's user base exceeds 50,000 members. The recent fundraising round was limited to the Ouinex community and received significant interest from investors. This indicates strong confidence in the platform's future.

Engaging Community in Fundraising

Ouinex involves its community in the fundraising process by engaging with active traders. This approach ensures that the user base is part of the platform's development.

Last month, Ouinex held a conference in Paris. The event was backed by Interactiv Trading and attended by over 500 people, mainly high net-worth traders. Many attendees confirmed they had invested in Ouinex during its presale rounds.

Ouinex is a trading platform for crypto and derivatives. It offers low latency, competitive trading fees, and advanced trading infrastructure. The platform features innovative universal cross margining, allowing users to trade traditional financial instruments using their crypto holdings as margin.

Meanwhile, Ouinex is solidifying its regulatory standing having recently obtained a Virtual Asset Service Provider registration from the Polish Financial Supervision Authority, according to sources at Finance Magnates.

This marks Ouinex's first regulatory approval and comes just days before its initial coin offering. The acquisition of the Polish license aligns with the company's roadmap, which anticipated obtaining registration from Poland by the fourth quarter of 2023. Additionally, securing registration in Poland is a strategic move as Ouinex looks to expand into European markets.

Enhancing Trading Platform

The $5 million raised will be used to enhance the platform and obtain additional regulatory licenses. Ouinex expressed gratitude to its community for their support.

"Our Private 2 token sales round is a testament to the strength and dedication of our community," said Ilies Larbi, CEO of Ouinex.

"We are thrilled to have raised over $5 million without spending a single marketing dollar, showcasing the power of our user-driven approach and the value our platform delivers to investors."

This article was written by Tareq Sikder at www.financemagnates.com.
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