Ouinex, an ambitious new crypto exchange, is about to make a remarkable entry. Founded by former executives of the giant FXCM, this innovative player aims to disrupt the cryptocurrency market by infusing it with the expertise and rigor of traditional finance. Let’s explore the potential of this platform, which stands out for its unique approach.
Ouinex: An Exchange Like No Other
Launched in 2022 in Paris, Ouinex is an innovative crypto exchange that distinguishes itself through its unique approach. Founded by a team of experts from traditional finance (TradFi), the mission of this exchange is to meet the specific needs of active traders.
Ouinex‘s goal is clear: to combine the strength and reliability of TradFi with the flexibility and responsiveness of cryptocurrencies. By focusing on transparency, efficiency, and innovation, Ouinex intends to redefine the standards of crypto trading.
Ouinex‘s model is based on a novel hybrid approach, combining OTC brokerage and unified margin (cross margin). This strategy reduces trading costs and allows cryptos to be used as leverage on traditional derivatives, providing new opportunities for traders.
Ouinex goes further by isolating market makers in a strict role of price “makers.” This clear separation of responsibilities eliminates the conflicts of interest and unfair practices often seen on traditional exchanges, marking a real breakthrough in the world of crypto trading.
An Experienced Team at the Helm of the Platform
At the head of Ouinex are seasoned finance experts who have honed their skills at FXCM, a Forex giant. The Managing Director, Ilies Larbi, has over 15 years of experience as the head of Europe and Africa.
He is supported by Benjamin Verdot, former Regional Director, who brings his expertise in BtoB and BtoC sales development, Alexandre Debieb, who has over 15 years’ experience in trading software development and architecture, Jérôme Barthe, former Managing Director with over 20 years’ experience in the financial software industry, and Christophe Lechevallier, former CFO of the JC Decaux group.
Ouinex also benefits from the valuable advice of Rodolphe Steffan, head of Interactiv Trading. According to him, Ouinex “responds to a real market need” by offering a regulated, secure, and customer-oriented platform. This promising position aims to attract the 150,000 active traders in the Interactiv Trading ecosystem.
Rapid and Ambitious International Expansion
Despite its youth, Ouinex has already established itself as a global player. Building on its successful fundraising in 2023, the exchange quickly expanded its presence in the United Arab Emirates, El Salvador, and Poland.
The company has already obtained registration for Virtual Currency Activities in Poland, marking a key step in Ouinex’s development strategy.
This recognition paves the way for smooth expansion in Europe, in line with future regulations like MiCA. Simultaneously, Ouinex has initiated licensing efforts in France, Australia, and South Africa, showcasing its international ambitions.
Strategic Partnerships Already Established
Ouinex has forged strategic partnerships with major players in the ecosystem to accelerate its growth. In addition to Interactiv Trading and its 150,000-strong community, the exchange has teamed up with Shift Markets, a leading US crypto derivatives specialist, and NetDania, a prominent Danish fintech.
These targeted collaborations will enable Ouinex to significantly enhance its trading offerings by integrating innovative products and state-of-the-art analytical tools. This unique value proposition is tailored to meet the expectations of the most seasoned and demanding traders.
The $OUIX Token at the Heart of the Ecosystem
Like many exchanges, Ouinex has developed its own utility token: the $OUIX. Based on the Polygon blockchain, known for its speed and low transaction costs, this token offers numerous benefits to its holders.
Among the most notable are significant reductions in trading fees and spreads, attractive bonuses on staking, and privileged access to the platform’s governance.
But Ouinex didn’t stop there. The team took innovation even further by designing the OuixIndex, a revolutionary tool for managing tokenomics.
Based on key metrics such as the number of active users and the volumes traded, this index allows for dynamic fee adjustment and token redemption based on the platform’s health and performance. This smart approach ensures sustainable and adaptive ecosystem management.
A Tailor-Made Value Proposition for Experienced Traders
With a clearly identified target group of seasoned traders and investors looking for a high-end service, Ouinex has built a value proposition built around three pillars:
- A high-performance platform, combining minimal latency with extremely competitive fees
- A cross-margin OTC execution model for optimal efficiency
- Unparalleled transparency, guaranteed by the strict insulation of market makers
A Resounding Success in Fundraising
Despite its youth, Ouinex is already showing remarkable growth. A first round of funding in 2023 raised nearly $2 million in record time from 2,000 investors convinced by the project.
Building on this success, a second community round brought in an additional $2.2 million, bringing the total to more than $4 million raised in just a few days in early 2024.
Investor appetite shows no signs of waning, with the latest private financing round underway, with a stated target of $5 million.
These substantial funds will enable Ouinex to further develop its cutting-edge technology platform, obtain new licenses to expand its international presence and broaden its range of services for active traders and investors.
With its innovative positioning and experienced team, Ouinex is establishing itself as a crypto exchange with high potential. Its international development strategy and quality partnerships should allow it to quickly find its place, attracting traders in search of an optimized experience. Ouinex is certainly an actor to watch closely in the coming months!