Diginex's Crypto Exchange, EQUOS, Trade Volume Crosses US$1bn for April Month-To-Date
Diginex Limited (Nasdaq: EQOS) reported record trading volumes exceeding US$1 billion in April, marking a threefold increase in average daily volumes compared to March. The surge is attributed to the launch of its exchange token EQUOS Origin (EQO) on April 8, which has driven daily volumes above US$100 million. This growth highlights Diginex's strategic roadmap to cater to institutional clients and diversify trading options, including Bitcoin and ETH perpetuals.
- Record trading volume surpassing US$1 billion in April.
- Launch of EQUOS Origin (EQO) contributing significantly to trading volumes.
- Increased interest from institutional clients leading to enhanced liquidity.
- None.
SINGAPORE, April 19, 2021 /PRNewswire/ -- Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced record total volumes of over US
The volume increase is driven by the launch of EQUOS' first native exchange token, EQUOS Origin (EQO) and a significant increase in participation by a number of major institutional clients. Following the launch of the token on April 8, EQUOS has recorded daily volumes in excess of US
Since launch, EQUOS has evolved from a spot only exchange, launching Bitcoin Perpetuals in January 2021, followed by ETH Perpetuals and additional coins last month, before launching EQO in April.
Richard Byworth, CEO at Diginex, said: "The explosive growth on the exchange validates the roadmap that we have been building over the past couple of years. We are building a company for the long term that is focused on providing a viable solution for institutions to access this burgeoning new asset class. This is just the start."
Jakob Palmstierna, Partner at GSR, a strategic investor and one of the key market makers on EQUOS, stated that the "volume growth on EQUOS has been rapid when compared to trading activity across the wider market". GSR is integrated on over 60 cryptocurrency exchanges.
About Diginex
Diginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Diginex Access, a securitisation advisory service, Diginex Capital, market leading hot and cold custodian Digivault and funds business Bletchley Park.
For more information visit: https://www.diginex.com/
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This press release is provided by Diginex Limited ("Diginex") for information purposes only, is a summary only of certain key facts and plans of Diginex and includes forward looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Diginex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. The contents of this press release have not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the ability to recognize the anticipated benefits of the business combination; the ability of Diginex to grow and manage growth profitably; Diginex's limited operating history and history of net losses; Diginex's ability to execute its business plan; the inability to maintain the listing of Diginex's shares on Nasdaq; Diginex's estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex's products; Diginex's ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex's intellectual property; general economic and market conditions impacting demand for Diginex's products and services; and such other risks and uncertainties indicated in Diginex's Shell Company Report on Form 20-F, including those under "Risk Factors" therein, and in Diginex's other filings with the SEC, which are available on the SEC's website at www.sec.gov.
In addition, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Other than those of Diginex, all names, trademarks and logos in this press release and used in the materials herein belong to their respective owners. Nothing contained on this press release should be construed as granting, by implication, estoppel, or otherwise, any right or license to use any third-party names, trademarks, or logos displayed on the press release without the written permission of such third-parties. Copyright (c) Diginex 2021.
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SOURCE Diginex Limited
FAQ
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