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Diginex launches Singapore cryptocurrency exchange

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  • Diginex launches Singapore cryptocurrency exchange

    Diginex has launched a cryptocurrency exchange in Singapore, where it currently operates under a "temporary exemption" from licensing. The move comes ahead of its planned listing on Nasdaq, expected to take place this quarter.

    Its Singapore exchange, EQUOS.io, would specialise in crypto derivatives trading and initially offer spot trading, with dated futures, options, and other derivative products to follow. The blockchain technology company added in a statement Thursday that the exchange was operating under an exemption in Singapore's Payment Services Act, and would be a "fair and transparent platform" for users.

    It also would introduce an "easy to use" interface for retail investors as well as managed account features designed to improve collateralisation processes, amongst others.

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    Specialising in derivatives, its EQUOS.io exchange operates under a temporary exemption in Singapore's Payment Services Act and is launched ahead of Diginex's Nasdaq listing.
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