Diginex's EQUOS to Become The First US NASDAQ Listed Digital Asset Exchange In Q3

Diginex, a collaborative blockchain-based financial and tech firm, announced its new digital asset exchange, Equos.io, set to become the first publicly traded crypto exchange in the U.S. The official announcement on Wednesday states the exchange will kick off trading spot markets with the integration of perpetual swaps, and other derivatives set to be built shortly.

According to the statement, EQUOS.io will provide an institutional-grade platform that allows both the big players and typical traders to purchase the emerging digital asset market publicly.

8i Enterprises Acquisition Corp acquires Diginex

To list on the most significant tech market in the world, NASDAQ, Diginex has been acquired by 8i Enterprises Acquisition Corp, a NASDAQ-listed a special-purpose acquisition company (SPAC). SPAC are companies that help newer companies launch on a public exchange through a ‘backdoor,’ reducing the cost and time compared to traditional listing methods.

According to Diginex CEO Richard Byworth, the acquisition is set to be completed by the end of the third quarter this year, opening up Equos.io as the first-ever publicly traded digital asset exchange in America.

“This is a pivotal moment for us to launch EQUOS.io ahead of our transaction with 8i Enterprises Acquisition Corp,” Byworth said.

“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.”

The acquisition will see 8i Enterprises Acquisition Corp take over operations in Diginex group-wide businesses of EQUOS.io, including the crypto exchange, custody services, and its investment management business, Bletchley Park Asset Management (BPAM).

The digital asset exchange will offer a fully functioning spot market with plans to launch a perpetual swap, dated futures, options, and other derivatives products to follow. The exchange also integrated the Diginex OTC trading desk, DigiAccess, and users’ funds will be stored in the firm’s DigiVault, which provides both cold and hot wallets.

Equos.io digital exchange not in the U.S.?

While available as a publicly-traded company in the U.S., Equos.io is not physically stationed or available in the U.S. Diginex 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.

Equos.io’s spot exchange is currently operating under a temporary exemption to the Singapore Payment Services Act. On why they chose to list on the NASDAQ exchange, Byworth said,

“The Nasdaq listing is more about the credibility and trust.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today