- Ouinex Exchange and Crossover Markets have expertise to enable fast and secure execution of crypto trading to all investors.
- Ouinex exchange is on a journey to dominate the crypto global market through the proper regulated channels.
- The digital asset trading platform intends to revolutionize the trading experience through the utility $OUIX token.
Ouinex Exchange, a fast-growing crypto and derivatives trading platform based in France, has announced a strategic partnership with Crossover Markets Group, Inc., a respected platform that develops digital asset trading infrastructure for institutional grade. According to the announcement, Ouinex exchange will seamlessly leverage the Crossover Market’s CROSSx, a first-of-its-kind electronic communication network (ECN) that delivers high throughput on digital assets trading. As a result, Ouinex exchange can now guarantee its users ultra-low-latency with quote-driven matching technology provided by CROSSx which has over the years been integrated with leading banks, liquidity providers, and brokers around the world.
Commenting on the strategic partnership Ouinex exchange’s Chief Executive Officer, llies Larbi, highlighted that the overall trading experience will rise a notch higher, which is unique in the industry.
“We promised our clients fast execution, tight spreads, and high fill rates as well as a fair and transparent trading environment that eliminates conflicts of interest inherent to traditional CLOB execution models. This partnership is a pivotal point for us and traders globally as CROSSx’s unrivaled technology allows us to go above and beyond that promise,” Larbi noted.
Why Ouinex Exchange Aligned with Crossover Markets
According to Anthony Mazzarese, the co-founder and Chief Commercial Officer of Crossover Markets, both entities share a united mission of providing crypto traders with high-speed trading services, especially to high net-worth individuals, who are undeniably underserved compared to retail traders.
“Crossover is honored that our flagship product, CROSSx, has been selected by Ouinex as the liquidity underpinning their highly anticipated launch…Ouinex is launching at the right time with the right product and we are excited to provide our liquidity to this exciting new platform,” Mazzarese said.
Worth noting that Crossover Markets is led by a team with decades of forex (FX) trading, prime brokerage technology, and artificial intelligence (AI) expertise. This allows Crossover Markets to help enable the mass adoption of crypto assets by institutional investors through regulated means.
Ouinex exchange is expected to significantly benefit from the vast experience presented by the Crossover’s CROSSx. CROSSx has already been integrated and tested by other trading platforms like London-based Tradu, Hidden Road, Cboe Digital, and Shift Markets, among others.
Market Picture
The integration of Crossover’s CROSSx to Ouinex exchange happened less than a week after the latter obtained the Virtual Asset Service Provider (VASP) in Poland through the Polish Financial Supervision Authority alias KNF. Ouinex Exchange has demonstrated its commitment to growing and is disrupting the legacy cryptocurrency exchanges around the world amid the mainstream adoption of Web3 protocols and digital assets. Per Ouinex, the European market is its first primary target, which may be followed by an expansion to other global markets – Asia, MENA and Latin America, among others.
The Ouinex exchange has been following its pre-set roadmap, whereby the firm expects to complete the $OUIX token private sale and launch the beta version of the desktop application by the end of the first quarter of 2024. In the second quarter of 2024, the Ouinex team is planning to further push token listings on different crypto exchanges. Additionally, the company intends to launch the mainnet exchange of the Web, desktop, and mobile versions by the end of June.
