EQONEX announces the launch of Cross Collateral trading to improve capital efficiency

SINGAPORE, Aug. 30: Nasdaq-listed cryptocurrency exchange EQONEX (Nasdaq: EQOS), today announced the launch of Cross Collateral functionality across its platform to enable traders to more effectively manage their collateral when trading derivative products. With the new feature, traders will be able to use US dollars (USD), USD Coin (USDC), and Bitcoin (BTC) as margin for derivatives trading. EQONEX also intends to expand the assets eligible to be used as margin including EQO. The launch of Cross Collateral is another milestone for EQONEX as it introduces more trading tools demanded by sophisticated traders, who are seeking to trade crypto portfolios in all market conditions. It follows the introduction of trading Sub Accounts in June, Ethereum Perpetual Futures in March and BTC Perpetual Futures in January. Cross Collateral gives all customers the opportunity to use multiple assets instead of only USD or USDC to fund their Total Account Margin. This removes the requirement to convert assets into USD or USDC before opening a margined position. In addition, Cross Collateral now allows traders to generate negative USD or USDC balances to handle trading fees, basis payments, and P&L without liquidating any open Cross Collateral positions. Neil Sheppard, Chief Product Officer at EQONEX, said: "As we continue to improve and upgrade EQONEX our main objective is to facilitate the wider institutional and professional trader adoption of crypto assets. "Our roadmap to become the premier trading venue of choice for traders sees the introduction of both additional assets that can be used as Cross Collateral as well as a wider range of derivative products and trading features that will benefit from such functionality." About EQONEX EQONEX is a digital assets financial services company focused on fairness, governance, and innovation. The group encompasses cryptocurrency exchange EQONEX as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Access Trading, a securitization advisory service, EQONEX Capital, market leading hot and cold custodian Digivault, and asset manager Bletchley Park. For more information visit: https://group.eqonex.com.