Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Nasdaq-listed Diginex Reports Record Daily Trading Volume on EQUOS of US$200 Million

Diginex Limited, a digital assets financial services company, announced that combined 24 hour spot and derivative volumes on its EQUOS cryptocurrency exchange reached a record-high, exceeding US$200 million on May 20, 2021. Trading volume for the past 30 days has increased more than 40% to US$2.9 billion, only three weeks since the company announced a record US$2 billion in 30 day volumes on May 4, 2021.

Jakob Palmstierna, Partner at GSR, a global leader in digital asset market-making, said today: “The volume growth on EQUOS has been very impressive. As the major liquidity provider on the EQUOS exchange we can see that trading activity is genuine and volumes are real. EQUOS has scaled at speed and this is testament to the strong financial engineering capabilities of the management team and the successful design of their EQO utility token. We are looking forward to working closely with Diginex as a valued partner over the long term.”

Recommended AI News: Majesco Acquires Market Leading Utilant LLC and Launches New Innovative Data and Analytics Business Unit

As an institutional grade, regulatory-focused exchange, EQUOS is committed to delivering transparency to the crypto industry. Diginex’s financial reports are audited as part of its obligations as a Nasdaq-listed company in the United States. EQUOS does not allow internal market-making and has rigorous checks and balances in place to identify and remove self-matching trades and wash trading. These are key points of differentiation from a significant number of exchanges currently in operation.

Diginex operates in multiple jurisdictions, with oversight from several regulators in globally recognized financial centres, including SingaporeSwitzerland, the United Kingdom and the United States. Digivault, Diginex’s global custodian, was also the first standalone digital asset custodian to receive approval from the Financial Conduct Authority (FCA) of the United Kingdom to register as a custodian wallet provider under Money Laundering regulations.

Related Posts
1 of 40,398

Diginex’s senior leadership bring decades of experience working as regulated individuals under the oversight of global regulatory bodies. CEO Richard Byworth was previously Managing Director at Nomura (2000-2018) and Chairman Chi-Won Yoon was President and CEO, Asia-Pacific and Vice-Chairman, Wealth Management at UBS (1997-2019).

Recommended AI News: Amalgam Rx Acquires Adaptive, Conversational, Artificial Intelligence (AI) Assets

Richard Byworth, CEO, Diginex said today: “EQUOS is one of the fastest, institutional-grade exchanges to reach these levels of volumes. This is even more impressive given we do not have an internal market maker on the exchange and have robust procedures in place to ensure all volumes are composed of valid trades. Our commitment to offering a fair and transparent trading experience, together with our institutional grade product and solutions, will continue to drive volumes higher over the long term.

“Our exchange utility token EQO is significantly contributing to increases in both volumes and customer acquisition. The token’s price as traded on EQUOS has proved resilient during recent periods of weak cryptocurrency prices: At present, Bitcoin is trading at approximately US$35,200, down 46% from April 2021. Over a similar period, EQO has remained stable and resilient, climbing from US$0.50 to approximately US$0.75, a 50% increase since launch in early April 2021. This validates the unique structure of EQO, which was specifically designed to promote volumes on the exchange and reward customers for trading on the exchange and holding their tokens,” Byworth added.

Chi-Won Yoon, Chairman, Diginex, concluded: “Today’s business update highlights the outcome of the work the team has been putting in since our listing in October 2020 with robust levels of oversight and control to support the business strategy. We are executing our roadmap in alignment with the interests of shareholders, customers, employees, and regulators. Our Board, the majority of whom are independent directors, is committed to adhering to the highest standards of transparency and oversight.”

Recommended AI News: Numonix IXCloud Certified as Microsoft Teams Solution

Comments are closed.