Ouinex, a crypto trading platform tailored for active and professional traders, has announced a strategic alliance with Crossover Markets, an institutional trading venue specializing in spot cryptocurrencies. The collaboration heralds a milestone within the crypto sphere, as Ouinex integrates Crossover's electronic communication network (ECN) technology, known as CROSSx.
CROSSx: Reshaping Digital Asset Trading Dynamics
Ilies Larbi, the CEO of Ouinex, expressed enthusiasm regarding the partnership: "By partnering with Crossover Markets and harnessing their state-of-the-art technology, we are propelling ourselves forward in delivering a unique and exceptional trading experience to our clients."
CROSSx, heralded as a revolutionary ECN for digital assets, brings unprecedented speed and customization capabilities to Ouinex's trading infrastructure. Leveraging ultra-low-latency, quote-driven matching technology, and intelligent order routing, CROSSx distinguishes itself from the prevalent Central Limit Order Book model dominating the current crypto landscape.
Anthony Mazzarese, the Co-Founder and Chief Commercial Officer of Crossover, conveyed his sentiments: "Crossover is privileged that our flagship product, CROSSx, has been chosen by Ouinex as the liquidity backbone for their highly anticipated launch."
"Both Ouinex and Crossover recognize that active and high net worth traders globally are underserved, with most exchanges catering solely to retail users, offering rudimentary technology coupled with high fees. Ouinex's emergence comes at an opportune time with a product that aligns perfectly with market needs, and we are thrilled to contribute our liquidity to this dynamic new platform," Mazzarese added.
???? Exciting News from Ouinex!We're thrilled to announce our strategic partnership with @crossover_mkts , integrating the innovative CROSSx ECN technology to revolutionize your trading experience. This collaboration marks a significant milestone in the crypto industry, setting a… pic.twitter.com/En1Waep5wQ
— Ouinex (@ouinex) February 6, 2024
Ouinex Secures VASP Registration from Polish Financial Authority
Finance Magnates reported that Ouinex strengthened its regulatory footing pre-launch with its first Virtual Asset Service Provider registration from the Polish Financial Supervision Authority (KNF). The move preceded its imminent ICO and aligned with its roadmap's Q4 2023 target. Larbi emphasized compliance with European crypto regulations, aiming for expansion across the continent.
Ouinex plans African market entry and seeks a BTC provider license in El Salvador. Strategic partnerships and a $2 million token pre-sale highlighted its fundraising efforts, alongside collaborations with entities like Interactive Trading.
This article was written by Tareq Sikder at www.financemagnates.com.
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