According to Forbes, Ouinex says its trader-backed funding will support a “Non-Centralized Order Book” aimed at reducing market maker influence on retail users while the exchange expands from its licensed base.
Ouinex completed a $3.5 million equity financing round, bringing total funding to $9 million. According to Forbes, the Paris-based crypto exchange raised the capital from more than 10,000 retail and professional traders without venture capital participation. Ouinex says the funding will help build a “Non-Centralized Order Book” designed to protect retail traders from market makers. The company was founded in 2022 and states that it holds licenses in South Africa, Saint Vincent, Australia, and Poland.