{"id":162336,"date":"2021-01-25T13:01:00","date_gmt":"2021-01-25T10:01:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/diginexs-equos-exchange-eyes-liquidity-boost-with-gsr-partnership\/"},"modified":"2021-01-25T13:01:00","modified_gmt":"2021-01-25T10:01:00","slug":"diginexs-equos-exchange-eyes-liquidity-boost-with-gsr-partnership","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/diginexs-equos-exchange-eyes-liquidity-boost-with-gsr-partnership\/","title":{"rendered":"# Diginex\u2019s EQUOS exchange eyes liquidity boost with GSR partnership"},"content":{"rendered":"

“# Diginex\u2019s EQUOS exchange eyes liquidity boost with GSR partnership <\/strong>”
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Diginex, the Singapore-based operator of the EQUOS cryptocurrency exchange, has entered into a strategic partnership with GSR Markets aimed at enhancing liquidity for its perpetual futures products and spot pairs. Notably, the partnership seeks to promote EQUOS’ mandate of delivering a regulated trading experience that is free from market manipulation risks.<\/p>\n

Under the new partnership, GSR will become a shareholder of Diginex and one of the main liquidity providers for the EQUOS exchange. GSR will provide liquidity for the recently launched Bitcoin perpetual futures product as well as several spot pairs. In the future, GSR’s liquidity provision will extend to options and other structured products.\u00a0\u00a0<\/p>\n

Founded in 2013, GSR is a Singapore-based market maker for digital assets. The company claims to work with more than 30 cryptocurrency exchanges globally. <\/p>\n

The Diginex-GSR partnership is intended to strengthen EQUOS\u2019 so-called \u201cwhite hat\u201d regulatory focus and ensure its markets have ample liquidity without the conflicts of interest that belie many other exchanges. <\/p>\n

\u201cOne of the biggest challenges the crypto industry is currently facing is reputation,\u201d Richard Bynworth, CEO of Diginex, tells Cointelegraph. \u201cThere have been numerous reports of exchanges providing fake volume figures, liquidity drying up during times of volatility, and market manipulation often by exchanges against their own clients.\u201d<\/p>\n

He explains:<\/p>\n

\u201cThe goal of the market maker is to provide liquidity, tighten the spread across trading pairs, and encourage order book volume. 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.\u201d<\/p><\/blockquote>\n

Bynworth claims that EQUOS is \u201cone of only a handful of exchanges\u201d that doesn\u2019t make markets on its platform. This commitment avoids \u201cthe conflict of essentially trading against its own clients.\u201d<\/p>\n

Diginex became a publicly-traded company last year following a $50 million raise and reverse merger. The stock trades on the technology<\/a>-rich Nasdaq exchange under the ticker symbol EQOS.<\/p>\n