Diginex’s EQUOS crypto exchange achieves ‘A+’ transparency ranking
03 June 2021 Singapore
Image: backup16/adobe.stock.com
EQUOS, the cryptocurrency exchange of Diginex, a digital assets financial services company, has been awarded an ‘A+’ ranking on Nomics, the independent crypto exchange data providers.
This places EQUOS in the top 20 crypto exchanges globally, and top five in Asia, for both transparency and volumes, despite the exchange only launching publicly in July 2020.
Nomics awards its transparency rankings based on its ability to fully integrate its application programming interface and read historical and current volumes and trading data.
The A+ rating means that Nomics has vetted an exchange’s trade history and verifies that an exchange meets the highest reliability, consistency, and data integrity standards.
In March this year, Diginex launched a new token called EQUOS Origin (EQO), which can only be earned through trading on the EQUOS cryptocurrency exchange.
As a regulatory-focused exchange, EQUOS says it is committed to bringing transparency, fairness and trust to the crypto industry.
EQUOS continues to deliver record daily volumes and exceeded $3 billion in volumes for the month of May 2021. This represents a daily average volume of over $100 million in May 2021, an increase of 70 per cent compared to average volumes in April 2021, and over seven times the average daily volumes in Q1 2021.
Richard Byworth, CEO at Diginex, comments: “This ranking from Nomics, which is an independent provider of data across global crypto exchanges, highlights our commitment to being a leader in delivering a compliant and trusted platform that is necessary for greater widespread adoption of cryptocurrencies.”
“Transparency and oversight are key to the whole Diginex ecosystem as we have built out each of our businesses with a focus on regulation.”
“Digivault was recently approved as the sole standalone custodian under the Financial Conduct Authority’s (FCA) anti-money laundering regulation, our asset manager operates out of Switzerland under the ARIF programme, and our capital markets business operates under an FCA regulated entity in the UK,” explains Byworth.
This places EQUOS in the top 20 crypto exchanges globally, and top five in Asia, for both transparency and volumes, despite the exchange only launching publicly in July 2020.
Nomics awards its transparency rankings based on its ability to fully integrate its application programming interface and read historical and current volumes and trading data.
The A+ rating means that Nomics has vetted an exchange’s trade history and verifies that an exchange meets the highest reliability, consistency, and data integrity standards.
In March this year, Diginex launched a new token called EQUOS Origin (EQO), which can only be earned through trading on the EQUOS cryptocurrency exchange.
As a regulatory-focused exchange, EQUOS says it is committed to bringing transparency, fairness and trust to the crypto industry.
EQUOS continues to deliver record daily volumes and exceeded $3 billion in volumes for the month of May 2021. This represents a daily average volume of over $100 million in May 2021, an increase of 70 per cent compared to average volumes in April 2021, and over seven times the average daily volumes in Q1 2021.
Richard Byworth, CEO at Diginex, comments: “This ranking from Nomics, which is an independent provider of data across global crypto exchanges, highlights our commitment to being a leader in delivering a compliant and trusted platform that is necessary for greater widespread adoption of cryptocurrencies.”
“Transparency and oversight are key to the whole Diginex ecosystem as we have built out each of our businesses with a focus on regulation.”
“Digivault was recently approved as the sole standalone custodian under the Financial Conduct Authority’s (FCA) anti-money laundering regulation, our asset manager operates out of Switzerland under the ARIF programme, and our capital markets business operates under an FCA regulated entity in the UK,” explains Byworth.
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