SINGAPORE, March 4, 2021 /PRNewswire/ -- EQUOS, Diginex's
[Nasdaq:EQOS] institutional-grade cryptocurrency exchange, has
today announced its launch of Ethereum (ETH) Perpetual Futures
(ETH/USDC[F]), to provide investors with the opportunity to trade
and hedge in all market conditions.
This launch follows the EQUOS' Bitcoin Perpetual Futures
(BTC/USDC [F]), which was introduced to EQUOS customers in early
January. It is part of the continuing roadmap for EQUOS in its
mission to create the industry-leading derivatives trading venue,
for both institutional and individual investors.
The EQUOS ETH Perpetual Future is designed to allow professional
traders and institutional investors to take a directional position
on ETH using USDC as collateral, in an environment that is fair and
transparent. EQUOS does not market make on its own exchange: prices
and liquidity are provided by independent market makers only,
ensuring equal visibility of the orderbook for all traders, and
allowing EQUOS to oversee all the activity on its platform.
Similar to the BTC Perpetual Future offered by EQUOS, the new
ETH Perpetual Future will also be underpinned by a Liquidation
Platform, with pricing, liquidity and depth provided by independent
market makers. This design also allows for excess funds to be
retained by the account holder, if liquidations take place above
the Zero price, net of fees.
ETH is the second largest cryptocurrency by market
capitalization and is the native token of the Ethereum network,
which is designed for smart contracts and decentralized
applications. ETH primarily serves as a means of payment for
transaction fees and has recently become popular as a form of
collateral for borrowing specific ERC-20 tokens in the
decentralized finance sector.
Richard Byworth, CEO of Diginex,
commented: "Derivatives, such as perpetual futures, play a key role
in the strategies of institutional investors and are the preferred
choice for many institutions when it comes to accessing
cryptocurrencies. As such, they are pivotal in the growth of the
digital asset class. We continue to add product to the platform
allowing us to become a one stop shop for digital assets for our
client base. We are dedicated to driving the rapid advancement and
professionalization of the cryptocurrency derivatives market."
Neil Sheppard, COO Financial
Services at Diginex, added: "We have witnessed a significant surge
in interest in derivative products in recent months, with perpetual
contracts being sought out by investors for convenient macro
position taking, as well as for risk management purposes. We are
raising the bar for governance in crypto derivatives, by offering a
trusted and compliant ecosystem which operates in the best
interests of its clients."
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
securitization 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.
Follow EQUOS.io on social media on
Twitter @EQUOS_io and onLinkedIn.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
These risks and uncertainties include, but are not limited to,
those factors described in the section entitled "Risk Factors" in
Diginex's Registration Statement on Form F-4 jointly filed bv
Diginex and 8i Enterprises Acquisition Corp. ("8i")pertaining to
the Business Combination (the "Form F-4"). Important factors, among
others, that may affect actual results or outcomes include; the
inability to recognize the anticipated benefits of the proposed
transaction, which may be affected by, among other things, the
amount of cash available following any redemptions by 8i
shareholders; the ability to meet Nasdaq's listing standards
following the consummation of the proposed transaction; and costs
related to the proposed transaction. Important factors that could
cause the combined company's actual results or outcomes to differ
materially from those discussed in the forward-looking statements
include: Diginex's limited operating history and history of net
losses; Diginex's ability to manage growth; Diginex's ability to
execute its business plan; 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 as are discussed in 8i's prospectus filed in
connection with its initial public offering and the proxy statement
to be filed relating to the business combination.
Diginex expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Diginex's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
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SOURCE Diginex Limited