Ouinex raises $2 million to launch ambitious crypto exchange in early 2024
Ouinex has crossed the $2 million dollar mark for the pre-seed round, the crypto asset exchange platform announced.
The $2M USD fundraising round was completed entirely by Ouinex users, with over 1000 FX, CFDs, and equities traders around the world investing into the development the ambitious crypto asset exchange platform.
“Building build one of the best performing crypto asset exchange platforms in the world”
The firm, which focuses on low latency, liquidity, settlement, and advanced trading functionalities, is bringing the TradeFi infrastructure over to Web3 in order to provide price transparency, competitive asset pricing and service fees, and fast trade execution times – the “fastest in the industry”.
The raised funds will guarantee Ouinex’s commitment to launch its trading platform, developed under the technical leadership of Alexandre Debieb, in early 2024.
Ilies Larbi, Chief Executive Officer at Ouinex, said: “This fundraise represents the unequivocal confidence our users have in our ability to build one of the best performing crypto asset exchange platforms in the world.”
Alexandre Debieb, Head of Technologies, commented: “The oversubscription of our pre-seed financing round enables us to secure the technical resources and best in class technologies required to launch our state of the art platform in early 2024.”
Ouinex co-founded in France by TradFi executives
Co-founded by an international team of seven executives, the upcoming “Crypto Exchange for Active Traders” is led by Ilies Larbi, who was Global Head of Partnerships at FXCM for 15 years.
Headquartered in Paris, the fintech startup boasts a proprietary matching engine and General User Interface (GUI) with advanced functionalities, with the aim of providing fast execution, low spreads, and security to the active investors in the European Union, Africa and Latin America.
Ouinex is being set up to become a favorite spot for all kinds of trading, focusing on the active trader and including high-frequency. Bots, however, are only welcomed for trading activities. Customer services will not make use of bots, as the highly experienced team firmly believes in human connections and interactions, and that only the human touch can provide exceptional customer support.
The exchange’s co-founders have built extensive networks of institutional and retail traders, which allowed them to learn from the industry’s past mistakes and from the users’ needs of today. The team is comprised of Ilies Larbi (ex- FXCM) as Chief Executive Officer; Benjamin Verdot (ex-FXCM) as Chief Commercial Officer; Dr. Lisa Majmin (ex-Standard Bank) as Chief Strategy Officer, and Christophe Lechevallier as Chief Financial Officer.
Last year, FinanceFeeds spoke with Ouinex CEO Ilies Larbi and Chief Strategy Officer Dr. Lisa Majmin to learn more about Ouinex in an interview that can be found here.