Diginex, Singapore-based cryptocurrency exchange operator EQUOS, has entered into a strategic partnership with GSR Markets to increase the liquidity of its perpetual futures products and spot pairs. It is worth noting that the partnership aims to strengthen EQUOS ‘authority to provide a structured trading experience without the risk of market manipulation.

Under the new partnership, GSR will become a shareholder in Diginex and one of the most important liquidity providers on the EQUOS exchange. GSR will provide liquidity for the recently launched Bitcoin Futures product, as well as multiple spot pairs. In the future, GSR’s liquidity provision will be expanded with other options and structured products.

GSR was founded in 2013 and is a digital asset manufacturer based in Singapore. The company claims to work with over 30 cryptocurrency exchanges around the world.

The Diginex-GSR partnership aims to strengthen the regulatory focus of the so-called “white hat” EQUOS and provide good liquidity in markets without conflicts of interest that conflict with many other exchanges.

“One of the biggest challenges the cryptocurrency industry is currently facing is reputation,” Richard Binworth, CEO of Diginex, told Cointelegraph. “There have been many reports of exchanges presenting bogus volume figures, draining liquidity in times of volatility, and often manipulating the market through exchanges against their clients.”

He explains:

“The goal of a market maker is to provide liquidity, narrow spreads between trading pairs and stimulate order book volume. Using reputable market makers like GSR, EQUOS can roll back and ensure market integrity and trading on its platform. ”
Binworth claims that EQUOS is “one of the few exchanges” that does not create markets on its platform. This commitment avoids “materially conflicting trade with customers”.

Diginex went public last year after a $ 50 million increase and a reverse merger. The stock is traded on the high-tech Nasdaq under the ticker EQOS.

Source: CoinTelegraph