Initial coin offering (ICO)-bound Ouinex, an upcoming cryptocurrency exchange, announced its partnership with Interactive Trading (IVT), a France-based trading academy hosting a community of 150,000 active traders.

Key Partnerships Before the ICO

The partnership is strategic, as Interactive Trading is taking an undisclosed stake in Ouinex, and users of the trading community are receiving early access to the $OUIX token with a strategic sale round at a discount of 40 percent.

“Interactive Trading is a heritage brand recognized by the french speaking community as the go-to institution for anyone actively trading the markets. Their program now regroups one of the largest communities of traders in Europe,” said Ouinex’s Co-Founder and CEO, Ilies Larbi.

“We are thankful for the IVT community’s trust in Ouinex, and most importantly thankful for their contribution in accelerating our growth through their investment in the $OUIX token.”

According to the press release shared with Finance Magnates, over 1,500 traders from the Interactive Trading community signed up in a week to purchase the $OUIX token with an average investor ticket size of EUR 2,300.

A Native Token of the Crypto Exchange

Ouinex’s native tokens are utility tokens, meaning they can be used to receive discounts while trading on the platform. Further, token holders will have voting rights while making certain decisions for the development of the exchange, inducing asset listings and product features.

Larbi pointed out that the partnership with the Interactive Trading community guarantees a potential trading base of expert traders upon launching the new crypto exchange, which is expected to launch services in Q1 2024.

Ouinex, which is finalizing the technology for the exchange, is now focused on the launch of its ICO, that is initially planned for the first quarter of 2023 but is now delayed. Moreover, the exchange partnered with GDA International to streamline its ICO launch.

“Our users being able to work with the Ouinex team to create a hyper-custom exchange that meets their needs as sophisticated traders is a home run and will ensure our users are always receiving a best-in-class crypto trading experience,” said Rodolphe Steffan, the Founder and Head of Interactive Trading.