Diginex, a crypto asset service company, announced today that the combined 24-hour spot and derivatives volume on its EQUOS cryptocurrency exchange hit a record high of over $ 200 million on May 20, 2021. Trading volume over the past 30 days has increased more than 40% to USD 2.9 billion, just three weeks since the company announced a record USD 2 billion in 30-day volumes on May 4, 2021.
As an institutional, regulatory exchange, EQUOS is committed to offering transparency to the crypto industry. Diginex’s financial reports are audited as part of its obligations as a US company listed on Nasdaq. EQUOS does not allow internal market-making and has strict checks and balances to identify and remove self-adjusted trades and wash trades.
“As the largest liquidity provider on the EQUOS exchange, we can see that the trading activity is real and the volume is real. EQUOS has grown rapidly and this is evidence of the management team’s strong financial engineering skills and successful design EQO utility token. We look forward to working closely with Diginex as a valued partner in the long term. “
– Jakob Palmstierna, partner at GSR, a market maker for digital assets
Diginex operates in multiple countries and is overseen by multiple 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 be approved by the UK’s Financial Conduct Authority (FCA) to register as a wallet provider for custodians under anti-money laundering regulations.
Diginex executives bring decades of experience as regulated individuals under the supervision of global regulators. 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 all the more impressive as we don’t have a single market maker on the exchange and we have solid procedures in place to ensure that all volumes consist of valid trades. Our commitment to a fair and transparent trading experience together with our products and solutions of institutional quality will continue to increase the volume in the long term. Our Exchange Utility Token EQO makes a significant contribution to increasing volume and customer acquisition. The price of the token, as traded on EQUOS, has proven to be robust in recent periods of weak cryptocurrency prices: this confirms the unique structure of EQO, which is specifically designed to drive volume on the exchange and provide customers for the Reward trading on the exchange and holding their tokens. “
– Richard Byworth, CEO of Diginex