Ouinex, a blockchain firm led by FX industry veteran Ilies Larbi, announced today (Wednesday) its partnership with United Fintech-backed Netdania to launch a cryptocurrency trading platform.
Enhancing Crypto Exchange’s Capability
According to the press release shared with Finance Magnates, Netdania will provide the interface for the cryptocurrency exchange, while Ouinex will strengthen it with its backend technology.
“Our partnership with Netdania reflects Ouinex's dedication to innovating secure trading solutions in the cryptocurrency sector,” Larbi, Co-founder and CEO of Ouinex, said. “The platform will transform expectations regarding functionality and security in crypto trading. We are bringing the best of TradFi Tech to Web3.”
Ouinex, co-founded by seven former forex and securities industry executives, chose France as its base. It was a strategic decision as the team had experience in France's and Europe's capital markets sector. The company also gained a virtual asset service provider registration in Poland and recently integrated Crossover's crypto electronic communication network (ECN).
Furthermore, Ouinex plans African market entry and seeks a BTC provider license in El Salvador. It is planning to launch the crypto exchange in Q4 2024.
Providing Tools for Trading
Under the latest partnership, Netdania will provide the cryptocurrency exchange with a suite of sophisticated trading platforms along with other functionalities. Its focus will be on “enhancing user experience with customizable interfaces and robust security features.”
Ouinex highlighted that the Netdania partnership is strategic as it aligns with its ambitions to target active and experienced traders, offering them efficient trading tools.
“With our extensive experience in building trading platforms, our success stems from customizing and delivering bespoke solutions,” said George Govier-Rosenvold, Chief Commercial Officer at Netdania. “We're delighted to deliver a bespoke trading solution for Ouinex, built on a framework of OpenAPIs where our clients can seamlessly integrate their own widgets into the platform. This approach ensures quick adaptation to market trends, efficiently enhancing their trading platform.”
