Diginex, a digital asset financial services company, today announced record volumes on the recently launched cryptocurrency exchange EQUOS in excess of $ 1 billion in April to date. The average daily volumes have increased more than 3x during the period compared to the average daily volumes in the previous month.
The volume increase is due to the launch of EQUOS ‘first native exchange token, EQUOS Origin (EQO), and a significant increase in participation from a number of major institutional clients.
“The explosive growth at the fair confirms the roadmap we have built up in recent years. We are building a long-term business focused on providing a viable solution for institutions to access this fast-growing new asset class. This is just the beginning. “
– Richard Byworth, CEO at Diginex
Since opening, EQUOS has evolved from a spot-only exchange, launching bitcoin perpetuals in January 2021, followed by ETH Perpetuals and additional coins last month, before EQO launched in April.
Jakob Palmstierna, Partner at GSR, a strategic investor and one of the main market makers on EQUOS, stated that “volume growth on EQUOS was rapid compared to trading activity in the broader market”. GSR is integrated on more than 60 cryptocurrency exchanges.