No way Ilies Larbi actually told me this.. the crypto industry has a dirty secret and guy behind a HUGE brokerage, Ivan Patriki learns the truth about it.
He said he's building a brokerage to fix it.. I'm interviewing about it and seeing if it's actually true. I sat down with the 20-year traditional finance veteran and founder of Ouinex, to pull back the curtain on what actually happens when you trade crypto. From how exchanges legally sell your order data to hedge funds trading against you, to the VC token scheme that's draining retail money on every major listing, to why he's heard the rug pull pitch more times than he can count - this conversation goes places most people in crypto won't touch. If you're putting money into any trading platform or token right now, watch this first.
Ouinex is a multi-asset trading platform built on traditional finance infrastructure - the same systems that have protected retail traders in regulated markets for 20 years. Instead of letting institutions see and trade against your orders, they've built a wall that forces market makers to compete blindly for your trades.
00:00:00 - Introduction
00:01:08 - Is Crypto a Scam?
00:03:02 - How Institutions Trade Against You
00:06:12 - The Chinese Wall That Protects Retail
00:08:49 - How Brokers Sell Your Data
00:10:21 - How Do We Know You're Telling the Truth?
00:12:03 - A-Book vs B-Book Explained
00:14:09 - How Ouinex Actually Makes Money
00:15:27 - Ouinex vs Hyperliquid
00:19:14 - How He Got Liquidity Providers
00:22:01 - Why He Started Ouinex
00:25:44 - What Are People Trading Right Now?
00:28:58 - Using Client Data as a Signal
00:33:17 - The Demographics of Profitable Traders
00:37:38 - Why Less Leverage Makes You More Money
00:44:48 - The Worst Part of Crypto
00:48:10 - The WIKS Token Launch
00:55:34 - No VCs — Funded Entirely by the Community
00:56:16 - How a Rug Pull Actually Works
00:58:01 - How the VC Pump and Dump Works
01:01:49 - What Stops You From Rugging?
01:06:27 - How Much Money Is Enough?
01:12:14 - Do Regulations Actually Mean Anything?
01:19:41 - Advice for New Traders
01:32:23 - How to Spot a Scam Signal Seller
01:38:23 - How to Start a Brokerage
Check out Ouinex:
https://ouinex.com/en
https://x.com/Ouinex
https://www.instagram.com/ouinexexchange/
Check out Ilies Larbi:
https://www.linkedin.com/in/ilieslarbi/en
https://x.com/ilies_larbi
More of On the Margin:
https://www.themargin.tv
More of Boaz Sobrado:
https://x.com/sobradob
https://www.instagram.com/sobradob/
https://themargin.tv/boaz-sobrado
More of Ivan Patriki:
http://www.linkedin.com/in/artizt
https://substack.com/@artizt
https://t.me/ivanpatriki
https://www.instagram.com/artizt/
https://www.tiktok.com/@ascended
https://x.com/Ivan_patriki
https://www.facebook.com/ivanpatriki22/
https://themargin.tv/ivan-patriki
https://www.financemagnates.com/author/ivan-patriki/
https://financefeeds.com/author/ivan-patriki/
