Diginex’s EQUOS exchange targets liquidity boost with GSR collaboration

Spread the love

Diginex’s CEO says the collaboration supports his goal of developing a stable, reputable and conflict-free trading atmosphere for crypto assets.

Diginex, a Singapore-based cryptocurrency exchange operator, has entered into a strategic alliance with GSR Markets to improve liquidity for its perpetual futures products and spot pairs. In specific, the alliance aims to support the mandate of EQUOS to offer a controlled trading experience that is free from market abuse threats.

Under the current partnership, GSR will become a member in Diginex and one of the largest liquidity suppliers in the EQUOS exchange. GSR will have support for the newly introduced Bitcoin permanent futures contract as well as several spot pairs. GSR’s liquidity provision in the future will expand to options and other structured goods.

Established in 2013, GSR is a Singapore-based digital asset sector producer. The business claims to partner for more than 30 cryptocurrency exchanges worldwide.

The Diginex-GSR partnership is intended to strengthen EQUOS’ so-called “white hat” regulatory focus and ensure its markets have ample liquidity without the conflicts of interest that belie many other exchanges.

RECOMMENDED READ:  Bitcoin's Unprecedented Spike To $37,200 Gets Peter Brandt's Attention

“One of the biggest challenges the crypto industry is currently facing is reputation,” Richard Bynworth, CEO of Diginex, tells Cointelegraph. “There have been numerous reports of exchanges providing fake volume figures, liquidity drying up during times of volatility, and market manipulation often by exchanges against their own clients.”

He explains:

“The goal of the market maker is to provide liquidity, tighten the spread across trading pairs, and encourage order book volume. The use of reputable market makers, such as GSR, allows EQUOS to step back and ensure the integrity of the market and trading on its platform.”

Bynworth claims that EQUOS is “one of only a handful of exchanges” that doesn’t make markets on its platform. This commitment avoids “the conflict of essentially trading against its own clients.”

Diginex became a publicly held company last year after a $50 million raise and termination of the deal. The stock trades on the technology-rich Nasdaq exchange under the EQOS ticker symbol.

 234 Interactions,  2 today

Cardano, FTX Token,SushiSwap Price Movement Analysis for 27th February 2021

Cardano took its new position as the third-largest market cap cryptocurrency after hitting a value of $1.39 on charts with Read more

RECOMMENDED READ:  Anthony Scaramucci outlines his new Bitcoin fund, discloses initial $25 million investment during interview
BAT, Bitcoin SV, Maker Price Movement Analysis for 27th February 2021

Basic Attention Token flipped the $0.5-level of resistance to support. Bitcoin SV formed a bullish pattern on the charts and Read more

Ethereum Price Movement Analysis for 27th February 2021

Like the Bitcoin market, the spot market for the world's largest altcoin, Ethereum [ETH], also seemed to crumble under bearish Read more

Tezos Price Movement Analysis for 26th February 2021

Tezos has been moved down to 29th position on CoinMarketCap's list with a market capitalisation of $2.67 billion. However, despite Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: