SINGAPORE, May 24, 2021 / PRNewswire / – Diginex Limited (Nasdaq: EQOS), a digital asset financial services firm, today announced that combined 24-hour spot and derivative volumes on its EQUOS cryptocurrency exchange reached a level record, surpassing US $ 200 million at May 20, 2021. The volume of transactions in the last 30 days has increased by more than 40% for US $ 2.9 billion, just three weeks since the company announced a record US $ 2 billion in 30-day volumes in May 4, 2021.

Jakob Palmstierna, partner at GSR (www.gsr.io), a global leader in digital asset market creation, said today: “The volume growth on EQUOS has been very impressive. As the leading provider of liquidity on the EQUOS exchange, we can see that the volume growth on EQUOS has been very impressive. The trading activity is real and the volumes are real EQUOS has scaled at high speed and this is a testament to the strong financial engineering capabilities of the management team and the successful design of their EQO utility token. We look forward to working closely with Diginex as a valuable long-term partner. “

As a regulatory-focused, institutional-grade exchange, EQUOS is committed to providing transparency to the crypto industry. Diginex’s financial reports are audited as part of its obligations as a Nasdaq listed company in United States. EQUOS does not authorize the completion of the internal market and has put in place rigorous checks and balances to identify and suppress self-matched trades and to clear trade. These are key points of differentiation compared to a large number of exchanges currently in operation.

Diginex operates in multiple jurisdictions, overseen by multiple regulators in globally recognized financial centers, including Singapore, Switzerland, the UK and United States. Digivault, the global custodian of Diginex, was also the first independent custodian of digital assets to receive approval from the Financial Conduct Authority (FCA) of UK to register as a custodian wallet provider under money laundering regulations.

Diginex senior management brings decades of experience working as regulators under the oversight of global regulators. CEO Richard Byworth was previously Managing Director at Nomura (2000-2018) and Chairman Chi-won yoon was President and CEO, Asia Pacific and Vice President, Wealth Management at UBS (1997-2019).

Richard Byworth, CEO of Diginex said today: “EQUOS is one of the fastest institutional-level exchanges to reach these volume levels. This is even more impressive given that we do not have an internal market maker on exchange and that we have strong procedures in place to ensure that all volumes are comprised of valid trades Our commitment to providing a fair and transparent trading experience, as well as our institutional quality products and solutions, will continue to do increase long-term volumes.

“Our EQO exchange utility token contributes significantly to increasing volumes and customer acquisition. The price of the token, as traded on EQUOS, has proven resilient during recent periods of cryptocurrency price weakness: at about US $ 35,200, down 46% from April 2021. Over a similar period, EQO has remained stable and resilient, going from 0.50 USD at about US $ 0.75, a 50% increase from inception to early April 2021. This validates EQO’s unique structure, which has been specially designed to promote volumes on the exchange and reward clients for trading on the exchange and holding their tokens, “Byworth announcesded.

Chi-won Yoon, President of Diginex, concluded: “Today’s activity update highlights the result of the work the team has done since our listing in October 2020 with strong levels of oversight and control to support corporate strategy. We execute our roadmap in accordance with the interests of shareholders, customers, employees and regulators. Our board, the majority of whom are independent directors, is committed to the highest standards of transparency and surveillance. “

About Diginex

Diginex is a digital asset financial services company focused on delivering a cryptocurrency and digital asset ecosystem offering innovative products and services that are compliant, fair and reliable. The group includes cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers an integrated front-to-back trading platform, Diginex Access, a securitization advisory service, Diginex Capital, the market’s leading custodian, Digivault, and the Bletchley Park fund business.

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 informational purposes only, is a summary 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 connection with any securities or other regulated products or services or to use the services provided by Diginex, and neither this press release nor anything whatsoever. it does not constitute the basis of any contract or commitment whatsoever. The contents of this press release have not been reviewed by any regulatory authority in any jurisdiction. Forward-looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or results to differ materially from forward-looking statements. Most of these factors are beyond Diginex’s control and are difficult to predict. Factors that can cause such differences include, but are not limited to: the ability to achieve the expected benefits; the ability of Diginex to develop and manage its 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 shares on the Nasdaq; Diginex’s estimates of the size of markets for its products; the rate and degree of market acceptance of Diginex 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 products and services; and other risks and uncertainties set out in the Shell Company Report of Diginex on Form 20-F, including those set out under “Risk Factors”, and in other documents filed by Diginex with the SEC, which are available on the SEC website at www.sec.gov.

In addition, any forward-looking statements contained in this press release are based on what Diginex believes are reasonable as of this date. Diginex assumes 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 unforeseen events, except as required by law.

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

SOURCE Diginex Limited



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