Hong Kong blockchain service company Diginex launches digital asset exchange EQUOS.io before Q3 “backdoor listing”

Hong Kong blockchain service company Diginex launched the digital asset exchange EQUOS.io. Diginex pointed out that the merger and acquisition with 8i Enterprises Acquisition Corp., a Nasdaq-listed company, is expected to be completed in the third quarter of 2020. EQUOS.io is expected to become the first listed digital asset exchange in the United States through a “backdoor listing”. EQUOS.io will initially provide cryptocurrency spot trading, and later provide derivative products such as perpetual contracts and options, and will achieve interoperability with Diginex’s over-the-counter trading platform Diginex Access. In addition, EQUOS.io’s spot trading services have been exempted from the Singapore Payment Services Act. Diginex plans to expand the EQUOS.io platform in the future to provide retail investors with a clear and easy-to-use interface. It also plans to add custody account functions and derivatives services that can improve capital efficiency and mortgage processes. Lianwen previously reported that Diginex’s acquisition of 8i Enterprises Acquisition Corp. was approved by the US Securities and Exchange Commission (SEC) in February this year. Diginex hopes to “backdoor listing” on Nasdaq through this acquisition. Diginex will purchase 20 million 8i common shares. Diginex said that the value of the M&A transaction for 8i Enterprises Acquisition Corp., a Nasdaq-listed company, is as high as US$276 million.