Future Product Rollout to Drive Further Volume and Revenue Growth
EQONEX Limited (Nasdaq: EQOS), a digital assets financial services company, today announced that combined spot and derivative volumes on its crypto exchange, EQONEX, exceeded US$2 billion for the last 30 days. This represents an increase of 300% compared to the prior 30 days.
The rapid growth trajectory the exchange has seen over recent weeks is driven by a strong and growing interest in the EQO Token as well as an increase in onboarding and trading volumes from both retail and institutional traders.
Spot volumes continue to grow strongly while derivative volumes from the BTC and ETH perpetual futures products are expanding at an even quicker pace of almost 5 times compared to the previous 30 days. The growth in derivatives volume, which represented over 60% of total volume during the last 30-day period, highlights the enormous growth opportunity that exists in this segment and validates the Company’s focus on being a trusted provider of the products and infrastructure necessary for the derivative industry to develop and mature.
As part of the expansion of its derivative offering, EQONEX is expected to roll-out isolated margin functionality, cross-asset collateralization, customizable leverage, and managed accounts in addition to further coins over the next few months with dated futures and options expected to follow.
Richard Byworth, CEO at EQONEX, said: “We are happy to see the ongoing acceleration in volume growth on the exchange. We have designed a product roadmap specifically for how we see the future of this industry evolving, with a growing reliance on derivatives. The next few months will see huge growth of the core foundational piece of our derivative offering as well as more listings and products. We are just getting started.”
Global Head of Sales Trading Matt Blom went live with The Birb Nest to discuss the EQONEX vision for crypto, and the power and potential of its exchange token EQO. Watch the AMA, where he discusses our institutional grade technology, EQO, the upcoming EQO Dollars airdrop, and more!
While today is a day of celebration, we’d also like to take the opportunity to reflect on some of our successes over the last year.
MATIC, the native token of the Polygon platform, has been one of the best-performing coins of 2021, with an overall increase in value of over 12,000%. What's more, the price spike isn't a result of speculative capital at play, rather an increase in adoption by Polygon's core users.
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