CryptoNinjas » Diginex adds two new liquidity providers for its crypto exchange EQOUS

Diginex, a crypto-asset financial services company, announced today it has entered into strategic partnerships with algorithmic trading firm Kronos Research and institutional liquidity provider Parallel.

As part of the partnerships, both Kronos and Parallel will serve as liquidity providers on EQUOS, the cryptocurrency exchange platform of Diginex, and become shareholders in Diginex. Fees paid by both partners will also secure them EQO, the unique exchange token of EQUOS.

Parallel and Kronos will provide liquidity on all markets on EQUOS, including recently launched BTC and ETH Perpetual Futures contracts, as well as supporting future listings.

This news follows a similar announcement made earlier this year, that Diginex had entered into an agreement with GSR to become a liquidity provider for EQUOS and a shareholder of Diginex.

“From the outset, we designed EQUOS to be transparent and fair. We do not market make on our own exchange and as such, it is very important to have long-term partners to provide liquidity. Today’s announcement is a part of a continuing focus around increasing the depth of markets and broad liquidity that provides EQUOS users with best execution pricing.”
– Richard Byworth, CEO at Diginex

Last week, EQUOS announced record volumes of over USD $1B in April month to date, with average daily volumes during the period rising over three times compared to average daily volumes in the prior month. Volumes have been driven by the launch of EQO and a significant increase in participation by a number of institutional clients. Parallel has played an important role in fuelling EQUOS’ recent volume growth.

CryptoNinjas » Diginex adds two new liquidity providers for its crypto exchange EQOUS

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