CryptoNinjas » Diginex reports record daily trading volume of $200M on its crypto exchange EQUOS

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

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.

 “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 a 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.”
– Jakob Palmstierna, Partner at GSR, a digital asset market-maker

Diginex operates in multiple jurisdictions, with oversight from several regulators in globally recognized financial centers, including Singapore, Switzerland, 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.

Diginex’s senior leaders 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).

“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: 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.”
– Richard Byworth, CEO, Diginex

CryptoNinjas » Diginex reports record daily trading volume of $200M on its crypto exchange EQUOS