The cryptocurrency trading platform Ouinex has completed a $3.5 million financing round, bringing the total financing amount to $9 million

According to Forbes, the cryptocurrency trading platform Ouinex announced the completion of a $3.5 million financing round, bringing the total funding to $9 million. It is reported that all investors in this round of financing are retail and professional traders from the platform, with no venture capital firms involved. The new funds will be used to build a "Non-Centralized Order Book (No-CLOB)" model, aiming to avoid and protect retail traders from directly competing with large market makers. It is reported that the platform uses a pricing mechanism similar to that of forex and CFD brokers, with market makers providing buy and sell quotes, but they cannot view user orders or trade directly with users.