Holding EQO on EQONEX entitles clients to discounts on their trading fees. These discounts will be implemented through an uplift to the client’s fee tiers based on how many EQO are held by the client.
CEO Richard Byworth discusses parabolic Bitcoin growth with Scott Melker. Hear about institutional adoption, the future of money, and the only Nasdaq-listed cryptocurrency exchange with a token.
EQONEX (Nasdaq: EQOS) (the “Company”), a digital assets financial services company, today announced a significant acceleration in account openings and a daily record for retail trading volume on the EQONEX Cryptocurrency Exchange following the launch of the special issuance period for its EQONEX Origin token (“EQO”) on March 16, 2021.
Unlike most token offerings, EQONEX Origin (EQO) is not being offered for sale to raise capital. Instead, EQO can only be earned by trading on or ‘staking’ on the exchange, with a minority portion of the daily allocation sent to the EQONEX treasury.
The core utility of EQONEX Origin (EQO) is around enhanced earning power on assets held in “Earn” accounts on the EQONEX platform and in Digivault wallets.
As the first institutional digital asset exchange to be listed on the Nasdaq, at EQONEX, 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 and safe digital trading platform for institutional clients and professional traders. And we apply the same rigorous standards to our coin listing process.
Bitcoin Cash arose as a result of suggested updates to the Bitcoin protocol that were not unanimously accepted. A hard fork split the original Bitcoin network, and the coins along the new fork have since been referred to as ‘Bitcoin Cash,’ which trades under the ticker ‘BCH.’
Richard Byworth, EQONEX CEO, gave CoinDesk TV an exclusive around the launch of our native token, EQO. This will make EQONEX the first Nasdaq-listed company to launch its own token. Tune in to learn more about how EQO will work.
The 'Travel Rule' may sound like something pertaining to the aviation industry, but it is actually an essential piece of legislation that financial institutions–now including virtual asset service providers (VASPs) like EQONEX–must observe. Otherwise known as the 'funds transfer recordkeeping regulation,' the Travel Rule requires all financial services providers to transmit certain customer details along with transactions above a determined threshold to the receiving institution.