Strategic Alliance for Stability

Diginex, the operator of the EQUOS cryptocurrency exchange based in Singapore, is making waves by teaming up with GSR Markets. This partnership is designed to bolster liquidity for EQUOS’ perpetual futures products and various spot trading pairs. Both players are keen on promoting a regulated trading environment, striving to keep market manipulation at bay—a noble cause in the somewhat notorious world of cryptocurrency.

What’s in It for GSR?

As part of the deal, GSR will not only become a shareholder in Diginex but also serve as one of the primary liquidity providers for EQUOS. This means GSR will be rolling up its sleeves to offer liquidity for EQUOS’s newly launched Bitcoin perpetual futures product and various spot pairs. And as they grow fonder of each other, GSR’s liquidity will eventually expand to include options and other structured products to really sweeten the deal.

Meet GSR: Crypto Efficiency Experts

Founded in 2013, GSR is no stranger to the crypto scene. This market-making company is based in Singapore and claims to collaborate with over 30 cryptocurrency exchanges worldwide. With such experience under its belt, GSR is well-positioned to support EQUOS in navigating the often treacherous waters of cryptocurrency trading.

The White Hat Approach

This collaboration aims to fortify EQUOS’s commitment to a “white hat” regulatory focus, ensuring that liquidity flows without the usual conflicts seen in other exchanges. As Richard Byworth, CEO of Diginex, aptly put it, one of the biggest hurdles for the crypto industry is maintaining its reputation. And he’s not kidding; we’ve witnessed countless reports of exchanges inflating trading volumes and witnessing liquidity vanish during market instability—often at the expense of unsuspecting clients.

Fostering Market Integrity

Byworth emphasizes that the role of GSR, as a reputable market maker, is to ensure liquidity and confidence in the trading process. “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,” he remarked. Byworth is particularly proud that EQUOS is among a rare breed of exchanges that don’t trade against their own clients, a refreshing take in an industry riddled with conflicts of interest.

Diginex’s Leap into Public Trading

Diginex crossed another milestone last year when it became a publicly traded entity after a $50 million raise and a reverse merger. Now it flaunts its stock on the Nasdaq exchange under the ticker symbol EQOS, proving that it’s not just the crypto world where they’re making waves.