Diginex To Launch Crypto Trading Platform
Diginex’s recently launched Equos is set to become the cryptocurrency trading platform to be listed in the U.S. The company recently concluded plans to launch the Equos digital asset exchange. This was announced as part of an upcoming merger with the 8i Enterprise and Acquisition Company as well as the expansion of partnership with Itiviti.
The exchange plans to first establish a cryptocurrency asset spot trading platform and include other trading options like derivative products, options, dated future as well as ‘perpetual swaps.’ The platform will offer support for USD once launched.
Equos has a license to operate under an exemption with Diginex to the Singapore Payment Service Act. The company has also sent its application to the country’s financial regulator to become one of the country’s main payment institutions.
The Equos platform also hopes to improve interoperability with Digivault; the hot and cold asset custodian of Diginex. Additionally, Diginex Access will also provide further integration for the system to facilitate further interoperability. Diginex Access is Diginex’s over-the-counter trading desk as well as its integrated derivatives trading venue.
Diginex Preparing For Merger
The launch of Equos is coming before Diginex’s merger with 8i Enterprises Acquisition Corp, the NASDAQ-listed special purpose acquisition company.
The merger and acquisition is expected to be done by the fourth quarter of the year. When the deal is finalized, Equos will become the first digital asset listed in the United States.
Chief Executive Officer of Diginex Richard Byworth, said the period is an important one for the company as the planned listing showed its commitment to comply with the regulations in the industry.
“This is a pivotal moment for us to launch Equos.io ahead of our transaction with 8i Enterprises Acquisition Corp.”
Diginex Expanding Partnership With Itiviti
On July 21, Diginex announced that it’s expanding its collaboration with trading technology company Itiviti. Based on the announcement, the consolidated partnership will leverage its ‘Tbrick’ solution.
Diginex will use Tbricks to launch Diginex Access, with the firm already leveraging Itiviti’s global order routing network. Tbricks offers automated risk, profit and loss, and portfolio management services to institutional clients.
According to the announcement, the public launch of EQUOS.io will deliver the next generation digital asset exchange to a global audience. The main attraction will be high-performance and institutional-grade infrastructure built on the foundations of transparency and equity.
When the exchange is launched, it will be another important milestone for Diginex to continue the good relationship it has had with NASDAQ-listed 8i Enterprises Acquisition Corp.
The platform was designed from the beginning to offer high-security standards for its users by providing critical infrastructure such as platform stability in volatile markets, reliable connectivity, high-performance with low latency as well as segregation of duties.
These are important areas of differentiation compared to other platforms operating today. As a result, Equos is set to become the trading choice platform for institutional and professional traders and investors.
Diginex says it hopes to expand the offerings of Equos.io in the future to offer an easy-to-use interface for retail investors which will redesign and re-imaging trading services. The company also hopes to improve capital efficiency and collateralization processes.