PR Newswire

Trading Volumes on EQUOS Grow 300% Over Last 30 Days, Future Product Rollout to Drive Further Volume and Revenue Growth

SINGAPORE, May 4, 2021 /PRNewswire/ —  Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced that combined spot and derivative volumes on its crypto exchange, EQUOS, exceeded US$2 billion for the last 30 days. This represents an increase of 300% compared to the prior 30 days.

The rapid growth trajectory the exchange has seen over recent weeks is driven by a strong and growing interest in the EQO Token as well as an increase in onboarding and trading volumes from both retail and institutional traders.

Spot volumes continue to grow strongly while derivative volumes from the BTC and ETH perpetual futures products are expanding at an even quicker pace of almost 5 times compared to the previous 30 days. The growth in derivatives volume, which represented over 60% of total volume during the last 30-day period, highlights the enormous growth opportunity that exists in this segment and validates the Company’s focus on being a trusted provider of the products and infrastructure necessary for the derivative industry to develop and mature.

As part of the expansion of its derivative offering, EQUOS is expected to roll-out isolated margin functionality, cross-asset collateralization, customizable leverage, and managed accounts in addition to further coins over the next few months with dated futures and options expected to follow.

Richard Byworth, CEO at Diginex, said: “We are happy to see the ongoing acceleration in volume growth on the exchange. We have designed a product roadmap specifically for how we see the future of this industry evolving, with a growing reliance on derivatives. The next few months will see huge growth of the core foundational piece of our derivative offering as well as more listings and products. We are just getting started.”

About Diginex 

Diginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Diginex Access, a securitisation advisory service, Diginex Capital, market leading hot and cold custodian Digivault and funds business Bletchley Park.

For more information visit: https://www.diginex.com/

Follow Diginex on social media on Twitter @DiginexGlobal, on Facebook @DiginexGlobal, and on LinkedIn.

This press release is provided by Diginex Limited (“Diginex”) for information purposes only, is a summary only of certain key facts and plans of Diginex and includes forward looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Diginex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. The contents of this press release have not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the ability to achieve any anticipated benefits; the ability of Diginex to grow and manage growth profitably; Diginex’s limited operating history and history of net losses; Diginex’s ability to execute its business plan; the inability to maintain the listing of Diginex’s shares on Nasdaq; Diginex’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex’s products; Diginex’s ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex’s intellectual property; general economic and market conditions impacting demand for Diginex’s products and services; and such other risks and uncertainties indicated in Diginex’s Shell Company Report on Form 20-F, including those under “Risk Factors” therein, and in Diginex’s other filings with the SEC, which are available on the SEC’s website at www.sec.gov.

In addition, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Other than those of Diginex, all names, trademarks and logos in this press release and used in the materials herein belong to their respective owners. Nothing contained on this press release should be construed as granting, by implication, estoppel, or otherwise, any right or license to use any third-party names, trademarks, or logos displayed on the press release without the written permission of such third-parties. Copyright (c) Diginex 2021.

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