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30 September 2020

Diginex Going Public Is About More Than a Nasdaq Ticker Symbol - CoinDesk

Diginex Going Public Is About More Than a Nasdaq Ticker Symbol - CoinDesk


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The firm’s backdoor listing on Nasdaq is happening more quickly than a regular initial public offering (IPO), but the company – which is behind the EQUOS.io crypto exchange – is cautiously making sure it’s flush with capital before it lists. .

Diginex CEO Richard Byworth said the firm’s public listing will give it more transparency than other exchange operators that mistreat customers with poorly structured liquidations and exorbitant fees.

The exchange will still be relying on other private exchanges as references for pricing data on levered products, but Byworth said he believes that public filings will give non-crypto traders more confidence to enter the market. .

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