Diginex, a crypto-asset providers firm, at this time introduced that mixed 24-hour spot and spinoff volumes on its cryptocurrency change EQUOS, reached a report excessive, exceeding USD $200 million on Could 20, 2021. Buying and selling quantity for the previous 30 days has elevated greater than 40% to USD $2.9 billion, solely three weeks for the reason that firm introduced a report USD $2 billion in 30-day volumes on Could 4, 2021.

As an institutional-grade, regulatory-focused change, EQUOS is dedicated to delivering transparency to the crypto business. Diginex’s monetary studies are audited as a part of its obligations as a Nasdaq-listed firm in america. EQUOS doesn’t enable inner market-making and has rigorous checks and balances in place to establish and take away self-matching trades and wash buying and selling.

 “As the foremost liquidity supplier on the EQUOS change, we are able to see that buying and selling exercise is real and volumes are actual. EQUOS has scaled at velocity and it is a testomony to the robust monetary engineering capabilities of the administration workforce and the profitable design of their EQO utility token. We’re wanting ahead to working intently with Diginex as a valued companion over the long run.”
– Jakob Palmstierna, Companion at GSR, a digital asset market-maker

Diginex operates in a number of jurisdictions, with oversight from a number of regulators in globally acknowledged monetary facilities, together with Singapore, Switzerland, the UK, and america.

Digivault, Diginex’s world custodian, was additionally the primary standalone digital asset custodian to obtain approval from the Monetary Conduct Authority (FCA) of the UK to register as a custodian pockets supplier underneath Cash Laundering rules.

Diginex’s senior leaders carry many years of expertise working as regulated people underneath the oversight of world regulatory our bodies. CEO Richard Byworth was beforehand Managing Director at Nomura (2000-2018) and Chairman Chi-Gained Yoon was President and CEO, Asia-Pacific, and Vice-Chairman, Wealth Administration at UBS (1997-2019).

“That is much more spectacular given we don’t have an inner market maker on the change and have sturdy procedures in place to make sure all volumes are composed of legitimate trades. Our dedication to providing a good and clear buying and selling expertise, along with our institutional-grade product and options, will proceed to drive volumes larger over the long run. Our change utility token EQO is considerably contributing to will increase in each volumes and buyer acquisition. The token’s value as traded on EQUOS has proved resilient throughout latest intervals of weak cryptocurrency costs: This validates the distinctive construction of EQO, which was particularly designed to advertise volumes on the change and reward prospects for buying and selling on the change and holding their tokens.”
– Richard Byworth, CEO, Diginex

Supply hyperlink


Please enter your comment!
Please enter your name here