Diginex Limited, a digital assets financial services company, announced on Monday it has formed a new partnership with GSR Markets (GSR), a global market maker for cryptocurrency spot and crypto derivative markets. According to Diginex, GSR will become a shareholder in Diginex and one of the main liquidity providers for EQUOS, Diginex’s crypto exchange.
“On EQUOS, GSR will provide liquidity in all markets from the recently launched BTC perpetual futures product to its BTC/USDC, ETH/USDC and ETH/BTC spot pairs. GSR will also play a critical role in supporting the rollout of Diginex’s future product roadmap, which include dated futures and options.”
While speaking about the partnership, Richard Byworth, CEO of Diginex, shared:
“As an exchange that avoids the conflict of interest of making markets against its own participants, the partnership with GSR is key to growing the depth and liquidity in all our trading pairs. GSR are one of the largest market makers in crypto and crypto derivatives, so longer term the partnership will evolve more broadly into liquidity provision around key offerings like options, structured products and borrowing and lending.”
As previously reported, Diginex stated it delivers solutions that make digital assets more accessible, business processes more efficient, and societies more secure.
“We shape the future of blockchain technology by solving the problems of today. We put clients’ and investors’ needs first while remaining flexible, technology-agnostic, and focused on end-value creation for business and society.”
Diginex recently announced it has completed a $38.6 million private placement with certain institutional investors. At the time, Diginex reported an aggregate of 2,571,669 ordinary shares along with warrants to purchase up to an aggregate of 2,571,669 ordinary shares at a purchase price of $15.00 per share and accompanying warrant were subscribed.
“The warrants are exercisable immediately with a term of three years and an exercise price of $18.75 per share. Diginex intends to use the net proceeds from the offering for working capital and general corporate purposes to further invest in and accelerate the roll-out of its digital asset ecosystem.”