Andrew Elkhoury: Global Exchange Platform That Provides Services for Cryptocurrency Trading That Are Both Custodial and Non-custodial

1 min read

Quantex is a Global Exchange platform that provides services for cryptocurrency trading that are both custodial and non-custodial – actually the first ever exchange to provide both offerings. We also believe that everyone should have access to financial technology — so, within certain reasonable limits in order to comply with counter-terrorism and anti-money laundering laws — we have a stratified trust system whereby anyone can trade, then when you reach a certain threshold we will start asking for more information from you.

Currently, most exchanges have a strict minimum requirement in order to enter their Fintech world.

Tell us about yourself?

I started off as a financial trader, and got into financial technology pretty early on. I found out about bitcoin in 2012 and since 2015, crypto has been a regular part of my working life.

If you could go back in time a year or two, what piece of advice would you give yourself?

I would tell myself not to chase dead leads — I have everything I need already. I think it’s important to take stock of what you’ve got, and use your resources wisely. When it comes to investors, sure it’d be nice to have an injection of cash into the project — but the truth is, the only thing that extra money would achieve is accelerating what I have already set in motion.

What problem does your business solve?

The problem our business solves is the problem of choice. The centralised exchanges all force uses to entrust their funds with them: we give users the choice to either trust us to store their funds, or the user can retain custody of their own funds by merely accessing our swap platform.

What is the inspiration behind your business?

My inspiration was born from frustration due to lack of choice. Every Fintech user can benefit from this.

What is your magic sauce?

We differ from the competition by being better than them. Our platform is advanced and offers choice.

What is the plan for the next 5 years? What do you want to achieve?

We want to become the next Binance, or FTX. In five years, we want to also build more features onto the platform, and incorporate futures trading and NFTs.

What is the biggest challenge you’ve faced so far?

The biggest challenge was finding a good team, which we now have. Some of the people on my team have been there from the very beginning of Quantex’s inception, and I couldn’t have done it without them.

How do people get involved/buy into your vision?

By trading on our platform and buying our native exchange token, QTX.

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