Ouinex, a digital assets trading platform, has successfully raised $5 million through a series of private funding rounds.
The latest Private 2 token sales round brought in $1 million, increasing the total funds raised to $5.2 million.
The platform now boasts a user base of over 50,000 members.
The recent fundraising round was exclusive to the Ouinex community, attracting substantial interest from investors, which signifies strong confidence in the platform’s potential.
Ouinex engages its community in the fundraising process by involving active traders, ensuring that users are integral to the platform’s development.
This community-centric approach is a key aspect of Ouinex’s strategy.
Last month, Ouinex organized a conference in Paris, supported by Interactiv Trading.
The event drew over 500 attendees, primarily high net-worth traders, many of whom had already invested in Ouinex during its presale rounds.
Ouinex offers a trading platform for crypto and derivatives, known for its 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.
The company is also strengthening its regulatory position, having recently obtained a Virtual Asset Service Provider registration from the Polish Financial Supervision Authority.
This marks Ouinex’s first regulatory approval, coming just days before its initial coin offering.
This acquisition aligns with the company’s roadmap, which planned for Polish registration by the fourth quarter of 2023. Securing this license is a strategic move as Ouinex aims to expand into European markets.
The $5 million raised will be utilized to enhance the platform and acquire additional regulatory licenses. Ouinex has expressed its gratitude to the 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.”