Diginex, a digital assets financial services company, today announced record total volumes on its recently launched cryptocurrency exchange EQUOS of over USD $1 billion in April month to date. Average daily volumes during the period increased over 3x compared to average daily volumes in the prior month.
The volume increase is driven by the launch of EQUOS’ first native exchange token, EQUOS Origin (EQO), and a significant increase in participation by a number of major institutional clients.
“The explosive growth on the exchange validates the roadmap that we have been building over the past couple of years. We are building a company for the long term that is focused on providing a viable solution for institutions to access this burgeoning new asset class. This is just the start.”
– 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 launching EQO in April.
Jakob Palmstierna, Partner at GSR, a strategic investor and one of the key market makers on EQUOS, stated that the “volume growth on EQUOS has been rapid when compared to trading activity across the wider market”. GSR is integrated on over 60 cryptocurrency exchanges.