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$100 million.
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.
Ranked Top 20 For All Exchanges Globally by Cryptocurrency Market Data Provider Nomics
Future Product Rollout to Drive Further Volume and Revenue Growth
Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, announced today that it has entered into strategic partnerships with algorithmic trading firm Kronos Research and institutional liquidity provider Parallel.
From MicroStrategy and MassMutual to Tesla and Mastercard, institutional adoption of Bitcoin (BTC) and other digital assets is rising steeply. With more big money flowing into this alternative asset class and major global banks announcing their foray into crypto custodial services, institutional investors now have more choices available than ever–and choosing the right crypto custodian for their needs is vital.