French cryptocurrency trading platform Ouinex has announced a strategic partnership with crypto trading technology provider and ECN digital asset provider Crossover Markets. Ouinex will integrate Crossover’s cutting-edge electronic communications network (ECN) technology, CROSSx.
CROSSx, a first-of-its-kind ECN for digital assets, brings unmatched speed and customization capabilities to Ouinex. With ultra-low latency, bid-based matching technology, and intelligent order routing, CROSSx stands apart from the traditional Central Limit Order Book (CLOB) model prevalent in the current crypto landscape.
In a statement about the partnership, Ilies Larbi, CEO of Ouinex, expressed his excitement about the partnership,
“By partnering with Crossover Markets and leveraging their cutting-edge technology, we are taking a giant leap forward in providing our clients with a unique and exceptional trading experience.” He added: “We promised our clients fast execution, tight spreads and high coverage rates, as well as a fair and transparent trading environment that eliminates the conflicts of interest inherent in traditional CLOB execution models. This partnership is a milestone for us and merchants worldwide, as CROSSx’s unrivaled technology allows us to exceed this promise!”
Anthony Mazzarese, Co-Founder and Chief Commercial Officer of Crossover, said:
“Crossover is honored that our flagship product, CROSSx, has been selected by Ouinex as the liquid underpinning their highly anticipated launch. Both Ouinex and Crossover share the view that active and high net worth traders worldwide are underserved and that most exchanges only cater to retail users, offering basic technology with high fees. Ouinex is launching at the right time with the right product and we are excited to provide our liquidity to this exciting new platform.”
About Ouinex
Ouinex is a regulated and secure crypto and derivatives trading platform, focused on low latency and highly competitive transaction fees. Ouinex brings the best TradFi e-trading infrastructure to Web3, including innovative universal cross margining capabilities, enabling users to trade TradeFi instruments using their cryptocurrencies as margin.
About Crossover purchases
Crossover Markets is a digital asset trading technology company focused on meeting the unique liquidity requirements of institutions in the cryptocurrency markets. CROSSx, the cryptocurrency execution-only Electronic Communication Network (ECN), is powered by the industry’s fastest and most advanced matching engine and includes ordering logic that allows clients to choose who they want to trade with. Led by a team with decades of FX trading, leading brokerage technology and AI experience, Crossover is ushering in the next big wave of institutions in the crypto market.