TechFlow News, May 19: According to Forbes, cryptocurrency trading platform Ouinex announced it has raised $3.5 million in its latest funding round, bringing its total funding to $9 million. Reportedly, all investors in this round are retail and professional traders from the platform itself—no venture capital firms were involved. The new funds will be used to develop a “non-centralized order book (No-CLOB)” model, aiming to shield retail traders from direct competition with large market makers. The platform employs a quoting mechanism similar to that of foreign exchange and CFD brokers, where market makers provide bid and ask quotes but cannot view users’ orders or execute trades directly with them.
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