Diginex adds two new liquidity providers for its crypto exchange EQOUS »CryptoNinjas

Diginex, a crypto-asset financial services company, announced today that it has entered into strategic partnerships with algorithmic trading firm Kronos Research and institutional liquidity provider Parallel.

As part of the partnerships, both Kronos and Parallel will serve as liquidity providers on EQUOS, Diginex’s cryptocurrency exchange platform, and become shareholders in Diginex. Fees paid by both partners also secure them EQO, EQUOS ‘unique exchange token.

Parallel and Kronos will provide liquidity in all markets on EQUOS, including recently launched BTC and ETH Perpetual Futures contracts, and support future listings.

The addition of Kronos and Parallel as liquidity providers follows an announcement earlier this year that Diginex had entered into an agreement with GSR to become liquidity provider for EQUOS and shareholder of Diginex.

“From the start, we designed EQUOS to be transparent and fair. We do not market on our own exchange and therefore it is very important to have long term partners to provide liquidity. Today’s announcement is part of an ongoing focus on increasing the depth of markets and broad liquidity that provides EQUOS users with the best execution prices. “
– Richard Byworth, CEO at Diginex

Earlier this month, EQUOS announced record total volumes of more than $ 1 billion in April to date, with average daily volumes during the period increasing more than three times compared to average daily volumes in the previous month. Volumes have been driven by the launch of EQO and a significant increase in the participation of a number of institutional clients. Parallel has played an important role in driving the recent volume growth of EQUOS.

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