Digital Assets: Digital Assets Exchange Equos To Trade on Nasdaq
Equos is a digital exchange operated by the Diginex Group, soon to merge with a SPAC.
Digital assets exchange Equos is an institutional-grade exchange that caters to both individuals and institutions. It launched on July 30 and is currently live (screenshot above) for trading cryptos on a spot basis. It has plans to offer derivatives in due course of time. Meanwhile, it is likely to take the honors to be the first crypto exchange to list on a U.S. exchange. (Coin Telegraph)
Soon to trade on the Nasdaq via a backdoor listing
Hong-based Diginex Group, the owner of Equos, will merge with Singapore-based 8i Enterprises Acquisition Corp (NASDAQ: JFK), a Nasdaq-listed special-purpose-acquisition-company (SPAC). Diginex is a blockchain financial services and technology company.
SPACs are all the rage now. Bill Ackman made the latest splash via his Pershing Square Tontine Holdings Ltd (NYSE: PSTH.U) vehicle.
Diginex’s merger with 8i is likely to complete by the third quarter of 2020. The merger will encompass 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.
Equos
Equos 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.
The spot exchange is currently operating under an exemption to the Singapore Payment Services Act.
Neil Sheppard, COO of Financial Services at Diginex said: “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.”
Related Story: Ackman With $7B War Chest for Mature Unicorn
Latest Alternative Investment News
Digital Assets: The Crypto Spring Is Here And Bitcoin Could Touch $100K (Standard Chartered)
Standard Chartered has reiterated its prediction that Bitcoin will surge to $100,000 by the end of 2024, attributing this potential rise to the upcoming Bitcoin halving event in 2024. The…
FinTech: Apple Looking To End Its Credit Card And Savings Account Tie-Up With Goldman Sachs
Apple (NASDAQ: AAPL) has presented a proposal to terminate its credit-card and savings account partnership with Goldman Sachs (NYSE: GS) within the next 12 to 15 months, marking a potential…
Venture Capital: Cemex Ventures Invests In Carbon Footprint Platform Vizcab
Cemex Ventures, the venture arm of Mexican cement giant Cemex (NYSE: CX), has taken a notable stride in promoting sustainability in the construction industry through a strategic investment in Vizcab,…
Artificial Intelligence: Amazon Unveils Its Q Chatbot For The Corporate Workplace
Amazon (NASDAQ: AMZN) has entered the chatbot competition with its new artificial intelligence assistant named Amazon Q, developed by the company’s cloud computing division. Unlike consumer-focused chatbots like ChatGPT and…