Digital & Technology

Diginex's Crypto Exchange, EQUOS, Trade Volume Crosses USD1 billion for April Month-To-Date

Diginex Limited, a digital assets financial services company, has announced record total volumes of over USD1 billion in April month to date, with average daily volumes during the period increasing over three times compared to average daily volumes in the prior month.

The volume increase is driven by the launch of EQUOS' first native exchange token, EQUOS Origin (EQO) and a significant increase in participation by a number of major institutional clients. Following the launch of the token on April 8, EQUOS has recorded daily volumes in excess of USD100 million.

Since launch, EQUOS has evolved from a spot only exchange, launching Bitcoin Perpetuals in January 2021, followed by ETH Perpetuals and additional coins last month, before launching EQO in April.

Richard Byworth, CEO, Diginex, said: “The explosive growth on the exchange validates the roadmap that we have been building over the past couple of years. We are building a company for the long term that is focused on providing a viable solution for institutions to access this burgeoning new asset class. This is just the start.”

Jakob Palmstierna, Partner, GSR, a strategic investor and one of the key market makers on EQUOS, said that the “volume growth on EQUOS has been rapid when compared to trading activity across the wider market.”

GSR is integrated on over 60 cryptocurrency exchanges, reported Diginex in a press release.