The currency will be quoted as BCH/USDC. The listing follows careful consideration by the EQUOS listing committee, which analyses every coin and its underlying blockchain to assess it for its utility, degree of decentralization, current usage, and transaction flow, ongoing development effort, innovation over other blockchains, and the long-term prospects. As a core objective, EQUOS aims to list quality projects that align with its own core values of transparency, fairness, innovation, and compliance.
BCH was created in 2017 following a successful hard fork of the Bitcoin blockchain. One of the key benefits of BCH is that it allows for more transactions in a single block than the Bitcoin (BTC) core blockchain, which can result in lower fees. Like BTC however, BCH has a finite supply of 21 million coins and is one of the top cryptocurrencies by market cap.
The EQUOS Listing Committee comprises a cross-functional group of internal and external industry experts with backgrounds in Trading, Blockchain development, Technology, Legal, and Finance.
Richard Byworth, CEO of Diginex, said: “As the first institutional digital asset exchange to be listed on Nasdaq, at EQUOS, we hold ourselves to the highest standards of quality, transparency, and compliance. Thanks to our stringent KYC/AML processes and institutional-grade architecture, we provide a trusted digital trading platform for institutional clients and professional traders.
“We apply the same rigorous standards to our coin listing process, and conduct an in-depth analysis of every coin and choose the ones that are reputable, innovative, and secure.”
Kelvin Ting, Head of Blockchain Strategy at Diginex, added: “All the coins must stand up to our rigorous due diligence process. We ask ourselves which coins would be of the most benefit to our customers, considering factors such as use case, robust technology, high-innovation, adoption rate, and decentralization, among other criteria.”
BCH is the 11th largest cryptocurrency with a market cap of $10.05 billion. Development on BCH continues, and the team remains committed to the original vision of an open, permissionless payment network. For example, the introduction of a new difficulty adjustment algorithm (DAA) called ASERT in November 2020, led to faster confirmation times. There are now reports that BCH will undergo another upgrade later this year.
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