Insights

Vosper will lead business development, partnerships and sales strategy for the digital asset custody business

A note from EQONEX CEO Jonathan Farnell

Dear Stakeholder, On behalf of the Diginex Management Team, I am writing to share recent operating highlights and record trading updates.

As Bitcoin’s meteoric rise and subsequent volatility over the past few weeks has hit the headlines, the total crypto market cap now stands at well over $1 trillion. In collaboration with our partner, Itiviti, we look into what trends are set to shape the digital asset class in 2021.

2020 was an unforgettable year. As COVID-19 spread like wildfire throughout the world and local shutdowns forced millions into furlough or unemployment, governments responded with unprecedented stimulus packages and unchecked QE. Caught between a rock and a hard place, one might argue that they had very little choice. Yet, the trillions of dollars of value created out of thin air have created a ticking time bomb.

A major factor in the popularity and success of crypto trading is the extreme volatility of digital assets. The sudden giant price fluctuations in either direction present abundant trading and arbitrage opportunities that rarely exist in traditional markets.

For traders, the primary motivation when trading is undoubtedly to earn a return on investment. Unnecessarily high transaction fees can, however, deplete trading account balances and erode returns, and so, serious investors will always look to minimize extra costs. This is where an investor’s choice of trading venue becomes so important, as of course, there can be significant differences in services provision, fees, liquidity, and operational transparency between platforms.

Diginex has acknowledged the importance of key partnerships from inception and has sought to integrate its industry-leading solutions with conventional trading tools and platforms, in order to make digital assets and cryptocurrencies more accessible to a growing institutional investor base.

The second-largest cryptocurrency by market-cap, Ethereum, has had its most significant update in its 5-year history. A major milestone has been achieved on the path to ‘Ethereum 2.0’, also known as ‘Eth2’, which represents a pivotal development in the evolution of the Ethereum blockchain.