Paris-based digital assets trading platform Ouinex has raised more than $4m in funding, with the investors remaining undisclosed. The funds will be used to develop and enhance the platform, as well as securing additional regulatory licenses. Ouinex is a regulated and secure crypto and derivatives trading platform, with a focus on low latency and competitive trading fees. The platform brings a traditional finance electronic trading infrastructure to Web3, with universal cross margining capabilities enabling users to trade TradeFi instruments using their crypto holdings as margin. The Ouinex community is made up of qualified active traders with significant experience in traditional finance products, providing financial support and a dedicated user base.

Cryptocurrency trading platform OUINEX has received a virtual asset service provider (VASP) license from the Polish Financial Supervision Authority (KNF), as reported by Finance Magnates. Ilies Larbi, CEO and founder of Ouinex, stated: "The VASP registration in Poland is a huge achievement and the first step we take in Europe, as we expect the European Cryptocurrency Asset Regulation (MiCA) to be implemented by the end of 2024." According to encrypted data, cryptocurrency asset trading platform OUINEX has completed a $2 million seed round of financing, which will be used to launch its trading platform in early 2024.