Diginexâ€™s Equos Set To Become First Crypto Exchange Listed in US
An upcoming merger is slated to see Diginexâ€™s newly launched Equos exchange become the first crypto trading platform listed in the United States.
Blockchain-powered financial services company Diginex launched its new Equos digital asset exchange on July 30.
The exchange will initially host crypto asset spot trading, with plans for â€œperpetual swaps, dated futures, options, and other derivatives productsâ€� to soon follow. The platform will support USD and the USD Coin (USDC) stablecoin at launch.Â
The spot exchange is licensed under an exemption to the Singapore Payment Services Act, with Diginex having also applied to become a â€˜Major Payment Institutionâ€™ with the countryâ€™s regulator.
The platform will also facilitate interoperability with Diginexâ€™s hot and cold digital asset custodian, Digivault, in addition to Diginexâ€™s over-the-counter trading desk and forthcoming integrated derivatives trading venue, Diginex Access.
Diginex prepares for mergerÂ
Equosâ€™ launch comes ahead of Diginexâ€™s merger with the NASDAQ-listed special purpose acquisition company, 8i Enterprises Acquisition Corp.
With the acquisition expected to have been completed by the fourth quarter, Equos is slated to become the first digital asset exchange listed in the United States.
â€œThis is a pivotal moment for us to launch Equos.io ahead of our transaction with 8i Enterprises Acquisition Corp,â€� said Diginexâ€™s chief executive, Richard Byworth. â€œOur planned listing on Nasdaq is further testament to compliance, regulation, and transparency.â€�
Diginex expands partnership with Itiviti
On July 21, Diginex announced an expanded partnership with trading technology firm Itiviti to leverage its â€˜Tbricksâ€™ solution.Â
Tbricks offers automated risk, profit and loss, and portfolio management services to institutional clients.Â
Diginex will use Tbricks to launch Diginex Access, with the firm already leveraging Itivitiâ€™s global order routing network.
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