Diginex Announces Public Launch of EQUOS.io, to Become First Digital Asset Exchange in US

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The public launch of EQUOS.io will deliver a next
generation digital asset exchange to a global

audience, with institutional-grade infrastructure and high
performance at its core, built on the foundations of equity and
transparency.

Diginex have announced the public launch of its digital asset
exchange EQUOS.io, built to institutional-grade specifications and
designed to improve the experience of trading digital assets for
all market participants. The launch of the exchange is another
important milestone for Diginex in advance of the planned business
combination with 8i Enterprises Acquisition Corp, the NASDAQ-listed
special purpose acquisition company (Nasdaq: JFK), which, upon
expected completion in the third quarter of 2020, will offer
investors the opportunity to participate in the growth of this
emerging asset class via the public markets.

The EQUOS.io platform will feature a fully functioning digital
asset exchange, offering cryptocurrency spot trading initially,
with perpetual swaps, dated futures, options and other derivatives
products to follow, and will provide interoperability with
Diginex’s over-the-counter trading desk, Diginex Access, a
front-to-back integrated trading platform, and Digivault, the
group’s pioneering hot and cold custodian.

EQUOS.io offers innovative products and significant improvements
in transparency. The platform was designed from the outset to
deliver high security standards for users with critical
infrastructure such as segregation of duties, high performance with
low latency, reliable connectivity and platform stability through
volatile markets. Furthermore, EQUOS.io’s spot exchange is
operating under an exemption to the Singapore Payment Services Act
and will provide a fair and transparent platform for users. These
represent key points of differentiation compared to other major
exchanges operating today. As such, EQUOS.io is primed to become
the trading venue of choice for professional and institutional
investors and traders.

In the future, we plan to expand the EQUOS.io platform to
provide a clear and easy to use interface for retail investors,
reimagining and redesigning trading services that to date have
disadvantaged investors on many of the incumbent platforms. In
addition, we plan to add, managed account features that we believe
will improve capital efficiency and collateralisation processes,
and risk products that can substantially grow what is a nascent
derivative market.

“This is a pivotal moment for us to launch EQUOS.io ahead of
our transaction with 8i Enterprises Acquisition Corp. We are proud
to deliver EQUOS.io, an exchange for virtual currencies and digital
assets that challenges everything we have witnessed in the early
growth of this industry. Our industry analysis has allowed us to
understand the friction points for institutions to trade digital
assets and address many of those with new and improved solutions
around portfolio management. I am truly excited by the impact that
EQUOS.io will have on many aspects of how the industry operates
today and how it will also expedite its future growth,” said
Richard Byworth, CEO at
Diginex.

Neil Sheppard, COO of Financial Services at
Diginex, added: “Today’s announcement
represents a critical milestone for Diginex as we progress towards
our goal of facilitating the maturation of the digital asset class.
EQUOS.io is designed to provide a single secure integrated trading
venue that meets the needs of professional traders, with features
such as segregation of sub-accounts and seamless USD/USDC
integration at launch. We have a comprehensive roadmap of products
and services aimed at both institutional and retail traders that
will continue to differentiate the EQUOS.io platform as they roll
out.”

The launch of EQUOS.io has been achieved thanks to support
received from Endava (UK) Limited, our development partner, who
have been instrumental in the build and deployment of various
foundational components of the EQUOS.io platform.

Today’s announcement is a key milestone in advance of the
acquisition of Diginex by the 8i Enterprises Acquisition Corp
expected to occur in the third quarter of 2020, which includes
Diginex group-wide businesses of EQUOS.io, digital asset trading
technology platform Diginex Access, digital asset custody provider
Digivault and the investment management business Bletchley Park
Asset Management.

“Our planned listing on Nasdaq is further testament to our
commitment to compliance, regulation and transparency, all of which
are core principles of Diginex and are reflected in products such
as EQUOS.io, which provides a fair and equitable platform for all
participants,” added Richard Byworth.

Alongside the public launch of EQUOS.io, Diginex has also filed
an application for a Major Payment Institution license to the
Singapore regulator, the Monetary Authority of Singapore, in line
with Singapore’s progressive digital asset regulation, the
Payment Services Act 2019. Diginex already operates in Singapore
under a temporary exemption from licensing under the Act.

The post
Diginex Announces Public Launch of EQUOS.io, to Become First
Digital Asset Exchange in US
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https://thefintechtimes.com/diginex-announces-public-launch-of-equos-io-to-become-first-digital-asset-exchange-in-us/