Ouinex Raises $9M From Traders and Opens Launchpad
Crypto asset exchange Ouinex has closed a $3.5 million equity round, bringing total funding to $9 million. The full amount came from retail and professional traders connected to its platform, with venture capital absent from the cap table. The company is also introducing Ouinex Launchpad, a token sale platform built around verified access, trader engagement, and loyalty. The announcement comes during a period of low trust across crypto trading venues. Many retail traders remain cautious about exchanges with business models tied to client losses. Ouinex is building around a different relationship between platform and user, with traders serving as both customers and shareholders. Ilies Larbi, CEO of Ouinex, said community funding has influenced how the company approaches regulation. He said user shareholders give Ouinex more room to invest in licensing and legal work across five continents, with long-term safety and platform durability guiding those decisions. Trader Capital Becomes Product Growth Ouinex began its community funding strategy in June 2023 with a $2 million pre-seed round backed by more than 2,000 traders. Many came from foreign exchange, CFDs, and equities. In February 2024, the company completed its seed and first private rounds, raising more than $4 million. A private allocation planned for four weeks sold out in