The website for Ouinex, a new cryptocurrency exchange and trading platform, has gone live.

Although onboarding is not yet available, the crypto firm is letting clients register their email for when the full launch is complete.

Ouinex was set up in 2022 by Ilies Larbi, who was previously a senior executive at brokerage group FXCM.

Larbi worked at FXCM for almost 15 years and was Managing Director for Europe and Africa, before leaving the company to set up Ouinex.

Apart from letting users buy and sell different cryptocurrencies, the Ouinex platform will also give traders access to derivatives, including perpetual futures and margin trading on stocks.

The digital assets trading platform has raised over $4m from investors to date.

Significantly, much of that funding came from the company’s own crypto community, suggesting the firm will already have a large, baked-in client base when it does start allowing client registrations.

Another striking feature of the firm is that it plans on being the first crypto exchange to operate without using the order driven, central limit order book (or ‘CLOB’) that has become the primary method that crypto exchanges use to facilitate trading.

As we saw earlier this week, with Binance banning a market maker for price manipulation, CLOBs have huge problems, with trading models often structured in a way that simply wouldn’t be permitted in other asset classes, like equities.