HONG KONG, Jan. 25, 2021 /PRNewswire/ -- Diginex Limited
(Nasdaq: EQOS), the digital assets financial services company,
announced today that it has entered into a strategic partnership
with GSR Markets (GSR), a leading global market maker for
cryptocurrency spot and crypto derivative markets.
As part of the strategic partnership, GSR will become a
shareholder in Diginex and one of the main liquidity providers for
EQUOS, Diginex's crypto exchange. On EQUOS, GSR will provide liquidity in all markets
from the recently launched BTC perpetual futures product to its
BTC/USDC, ETH/USDC and ETH/BTC spot pairs. GSR will also play a
critical role in supporting the rollout of Diginex's future product
roadmap, which include dated futures and options.
Richard Byworth, CEO of Diginex,
commented: "As an exchange that avoids the conflict of interest of
making markets against its own participants, the partnership with
GSR is key to growing the depth and liquidity in all our trading
pairs. GSR are one of the largest market makers in crypto and
crypto derivatives, so longer term the partnership will evolve more
broadly into liquidity provision around key offerings like options,
structured products and borrowing and lending."
"Since the launch of our BTC Perpetual product, we have seen a
meaningful increase in activity on EQUOS, with overall volumes
increasing over 2.5 times on an average daily basis, compared to
December levels. We anticipate that with GSR onboard and the
additional depth they will bring to our books, we will continue to
see volumes increase meaningfully as liquidity and spreads
improve."
"Our focus is on the creation of secure, fair, regulated and
high-performance spot and derivative markets for this emerging
asset class. As one of the largest and most influential market
makers for digital assets and their derivatives, GSR are the
logical long-term partner for Diginex and our future strategic
roadmap."
Jakob Palmstierna, Partner at GSR said: "We pride ourselves in
partnering with organizations who share our commitment to fair,
robust, and liquid markets. With Nasdaq governance structures and
leadership from both crypto and institutional finance, the EQUOS
team are an obvious strategic partner. The team's ambitious and
clear approach to the growth of derivative products for the asset
class meant that it was important that the partnership included an
equity stake."
The partnership with GSR follows Diginex's successful
$38.6 million private placement to
further invest in and accelerate the roll-out of its digital asset
ecosystem, and the launch of its BTC perpetual futures
product, both announced in January.
About Diginex
Diginex is a digital assets financial services company focused
on delivering a cryptocurrency and digital assets ecosystem
offering innovative product and services that are compliant, fair
and trusted. The group encompasses cryptocurrency exchange EQUOS.io
as well as an over-the-counter trading platform. It also offers a
front-to-back integrated trading platform Diginex Access, a
securitization advisory service Diginex Capital, market leading hot
and cold custodian, Digivault and funds business Bletchley Park
Asset Management. For more information visit:
https://www.diginex.com/.
Follow Diginex on social media on Twitter @DiginexGlobal, on
Facebook @DiginexGlobal, and on LinkedIn. Follow EQUOS.io on
social media on Twitter @EQUOS_io and on LinkedIn.
About GSR Markets
GSR, founded in 2013, is a global leader in digital asset
trading specializing in providing liquidity, risk management and
structured products to global participants in the digital asset
ecosystem. GSR's team of veteran finance and technology executives
from Goldman Sachs, Two Sigma, Citadel, IBM and Oracle, among
others, has developed one of the world's fastest and most robust
trading platforms.
GSR works with issuers, traders, investors, miners and exchanges
around the world. As a founding member of The Association for
Digital Asset Markets (ADAM), GSR is also a leader in establishing
and maintaining industry standards and protocols to support the
healthy development and evolution of the global digital asset
industry. To learn more about GSR, please visit
www.gsr.io
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results or outcomes to differ materially from the
forward-looking statements. Most of these factors are outside of
Diginex's control and are difficult to predict. Factors that may
cause such differences include, but are not limited to: the ability
to recognize the anticipated benefits of the business combination;
the ability of Diginex to grow and manage 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's shares on NASDAQ; Diginex's
estimates of the size of the markets for its products; the rate and
degree of market acceptance of Diginex's 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's products and services;
and such other risks and uncertainties indicated in Diginex's Shell
Company Report on Form 20-F, including those under "Risk Factors"
therein, and in Diginex's other filings with the SEC, which are
available on the SEC's website at www.sec.gov. In addition, any
forward-looking statements contained in this press release are
based on assumptions that Diginex believes to be reasonable as of
this date.
Diginex undertakes 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 unanticipated events, except as required by
law.
View original
content:http://www.prnewswire.com/news-releases/diginex-enters-into-strategic-partnership-with-gsr-markets-301213865.html
SOURCE Diginex Limited