EQOS Stock: Why The Price Surged

By Amit Chowdhry ● Oct 26, 2021
  • The stock price of Diginex Ltd (NASDAQ: EQOS) increased by 21.35% yesterday. This is why it happened.

The stock price of Diginex Ltd (NASDAQ: EQOS) increased by 21.35% yesterday. Investors are responding positively to EQONEX, the crypto exchange of Nasdaq-listed Eqonex Limited announcing it has listed the Polkadot (DOT) token on its platform.

The Polkadot network is known as a game-changing viable alternative to Ethereum according to research published by EQONEX Labs. And Claire Zhao, Blockchain Researcher from EQONEX Labs, has high hopes for the performance of the network saying it offers the perfect trifecta of solutions: blockchain interoperability, decentralized governance, and scalability.

The complexity in the Polkadot protocol’s design has created challenges for traders with very few custodians able to provide safe storage of the coin and some other exchanges have had to indeed freeze withdrawals as the protocol pushes changes through. And EQONEX Group custodian Digivault is pleased to have solved these technical challenges and will provide safe custody and exchange services for DOT.

This new DOT listing follows the announcement that Digivault (EQONEX Group’s crypto custodian) became the first custodian registered by the UK’s Financial Conduct Authority (FCA), to provide secure custody services for DOT.

KEY QUOTES:

“We’re excited to make the token available for trading through a DOT/USDC pairing.” 

“We’ve listed this token due to its contribution to solving the problems of being able to offer interoperability, decentralization and scalability simultaneously. Polkadot has also designed a ground-breaking blockchain protocol which allows for communication between different blockchains that are then connected, from a security and governance perspective by the core ‘Relay Chain.’”

— Richard Byworth, CEO of the Nasdaq-listed crypto ecosystem EQONEX Group

“The beauty of trading Polkadot on the EQONEX exchange is the default custody in Digivault.”

— Robert Cooper, CEO at Digivault

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.