Ouinex, a secure and regulated high-speed digital assets trading platform, said this week that it has completed very successful seed and first private funding rounds, raising over $4 million to date.
Interestingly, the latest Private 1 round, following the successful seed sale, demonstrated considerable enthusiasm from the platform’s community of active cryptocurrency traders, with over 5,000 slots for future users snapped up within just five days, resulting in a raise of approximately $2.2 million.
Ouinex brings the best of TradFi electronic trading infrastructure to Web3 including innovative universal cross margining capabilities, enabling users to trade TradFi instruments by using their crypto holdings as margin.
The Private 1 round, just as the seed round, was exclusively conducted within the Ouinex community, ensuring 100% user involvement in the fundraising process. Ouinex said that this strategy not only highlights the platform’s dedication to its community, but also positions the French crypto platform as a potential trailblazer in the crypto trading space.
The Ouinex community is comprised exclusively of qualified active traders with significant experience in TradFi products. This engagement not only brings financial support, but also has guaranteed Ouinex a dedicated and active user base from day one.
- Deutsche Börse announces game plan for crypto custody
- DeFinity Markets and Utila to offer clients improved digital assets access
- Is India poised to re-open its doors to cryptocurrency trading?
As tokens will be distributed directly on the Ouinex platform, the project has already secured its user base even before the product goes live.
“We had planned a four-week Private 1 round but it sold out in less than 48 hours! We had to open up an extra allocation of tokens to satisfy the demand. This speaks volumes to the strength and enthusiasm of our user community,” said Ilies Larbi, CEO of Ouinex. “Our commitment to a user-driven approach not only aligns with the principles of decentralization but also ensures that our community members are not just investors and users, but active participants in shaping the future of Ouinex.”
Ouinex said the $4 million raised by the seed and private round will be strategically utilized to further develop and enhance the Ouinex platform, and to secure additional regulatory licenses.
