Cryptocurrency exchange Ouinex completes $3.5 million funding round, bringing total funding to $9 million

According to Forbes, cryptocurrency trading platform Ouinex has announced a $3.5 million funding round, bringing its total funding to $9 million. Reportedly, all investors in this round are retail and professional traders from the platform itself—no venture capital firms were involved. The new funds will be used to build a “non-centralized order book (No-CLOB)” model, aiming to prevent and protect retail traders from directly competing with large market makers. The platform employs a quoting mechanism similar to that of foreign exchange and CFD brokers, where market makers provide bid and ask quotes but cannot view users’ orders or execute trades directly with users.