A lack of regulation and transparency in the digital asset sphere has been cited as deterrent for institutional adoption of crypto, but this reticence is now receding with the emergence of trusted next-generation exchanges that place market integrity at their core.
As governance on digital asset markets reaches equivalence with conventional finance, the banking sector is increasing its involvement in the space.
Stablecoins are displaying astronomical growth, with a new study showing that on-chain activity for these digital assets has increased 800% in the last 12 months. The most liquid are now the most used: ERC20 tokens have pushed Ethereum blockchain daily transactions to their highest since the frothy market days of July 2019. Now — what is a stablecoin and why are we seeing such rapid growth?
One of the most important values that underpins the EQONEX exchange is demonstrating adherence to robust regulatory standards. We have set our sights on becoming the bridge between traditional finance and the existing virtual asset community, and as such we felt it was crucial to align our business to a jurisdiction that had both innovative and trustworthy legislation for virtual currency trading.