Diginex Ltd (NASDAQ:EQOS) is a digital asset ecosystem, CEO Richard Byworth advised “Power Hour” host Luke Jacobi on the Benzinga YouTube show Tuesday.
Byworth continued by saying Diginex gives an trade much like Coinbase, however it additionally gives derivatives.
Coinbase is set to go public on the Nasdaq by way of direct itemizing Wednesday. Shares of the corporate will commerce underneath the ticker image COIN.
Cryptocurrency derivatives assist to distinguish Diginex from its competitors. Byworth advised Benzinga the corporate is enjoying towards “the event of the crypto by-product market,” including that there is a whole lot of by-product experience throughout the group.
Byworth stated Bitcoin (CRYPTO: BTC) is going through a provide-aspect disaster.
“We are solely simply starting the run-up in Bitcoin proper now,” he stated. The CEO has a goal of $175,000 on Bitcoin for 2021 and he believes the cryptocurrency may simply exceed his value goal for the 12 months.
When Bitcoin goes down, the quantity of quantity that Diginex sees on the trade spikes, the CEO stated. Volatility in Bitcoin is nice for the corporate’s enterprise, he added.
EQOS Price Action: Diginex traded up 1% to $11.08.
Watch the complete interview within the video beneath:
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