[Paris-based Crypto Exchange Ouinex Completes $3.5 Million New Equity Financing, Total Funding Reaches $9 Million] According to Forbes, Paris-based crypto exchange Ouinex has announced the completion of a $3.5 million new equity financing round, bringing its total funding to $9 million. All funds were raised from over 10,000 retail and professional traders on the platform, with no participation from VCs. Ouinex was founded in 2022 by former FXCM executive Ilies Larbi, and its core selling point is abandoning the traditional CLOB (Central Limit Order Book) model in favor of a forex and CFD market structure: market makers only quote buy and sell prices to the platform, without seeing retail orders or placing orders on the order book. Ouinex selects the best quotes, adds a spread, and provides one-sided quotes to clients, claiming to achieve 'competition with the market, not betting against users.' The platform has obtained licenses in South Africa, Saint Vincent, Australia, and Poland, and operates a single matching engine through KYC compliance.