For the first time ... the approaching listing of the first cryptocurrency trading company on the Nasdaq Stock Exchange
Soon, "Diginex" for trading cryptocurrencies will become the first company of this kind to be listed on the Nasdaq Stock Exchange, after the completion of its merger with "8i Enterprises Acquisition Corp", the latter which is a special purpose acquisition company.
In a statement from Hong Kong-based "Diginex Ltd", it told the company that it had raised $ 50 million.
The company will trade on Nasdaq under the ticker symbol "EQOS", while its orders will trade under the "EQOSW" index.
Mr. Richard Beworth, CEO of Diginex, described it as a watershed moment for both Diginex and the cryptocurrency industry with this historic deal to start trading on the Nasdaq exchange.
A company spokesperson told the source :
We believe we are the first due to our commitment to providing innovative products in a reliable, fair and compliant environment.
The Diginex ecosystem is specifically designed to support the needs of professional investors from institutional to retail interested in increasing their exposure to digital currencies.
Diginex said it plans to continue building its engineering and infrastructure, including offering a range of derivative products to the "EQUOS" cryptocurrency exchange, and expanding the geographical scope of the "Diginex" trading platform.
In response to a question posed by the same previous source referred to above about the current investment climate, the officials responded by saying:
The current fiscal and monetary policies make non-inflationary and safe-haven assets more attractive.
We are seeing investors showing increased interest in Bitcoin in particular, and we expect this interest to continue in digital currencies.
A financial analyst believes that the listing on the Nasdaq Stock Exchange raises the company's image to the next level and opens up completely new opportunities for investors.
Wali Okbe, Senior Analyst at Aite Group, said:
I definitely believe the fact that the Nasdaq listing adds real legitimacy to the deal, and also the fact that Diginex itself is a complete exchange in its own right.
The exchange provides investors with the ability of retail investors to invest directly, an opportunity that most retail investors never get.
He added:
The current economic environment has created interest in diversifying into disconnected asset classes, but there are still other major investors who are risk averse and are sitting on piles of cash.
Shareholders of "8i Enterprises" previously agreed to the merger at a meeting that took place on September 15th.
The “Diginex” ecosystem includes the “EQUOS” exchange, the “Diginex Access” digital currency trading platform, the “Diginex Capital” advisory company, the “Digivault” custody services and the “Bletchley Park Asset Management” company.
