Nasdaq Listed Eqonex Rolls Out Cross-Collateral Trading to Enhance Capital Efficiency
EQONEX (Nasdaq: EQOS), a Nasdaq-listed cryptocurrency exchange, today announced the introduction of Cross Collateral capability throughout its platform, allowing traders to more efficiently manage collateral while trading derivative products.
Traders will be able to utilize US dollars (USD), USD Coin (USDC), and Bitcoin (BTC) as margin for derivatives trading with the new functionality.
EQONEX also aims to broaden the assets that may be utilized as margin, including EQO. Cross Collateral is another significant milestone for EQONEX, as it provides additional trading options desired by professional traders looking to trade crypto portfolios in all market situations.
It comes after the launch of trading Sub Accounts in June, Ethereum Perpetual Futures in March, and BTC Perpetual Futures in January.
Cross Collateral allows all clients to finance their Total Account Margin with various assets rather than just USD or USDC. This eliminates the need to transfer assets into USD or USDC prior to establishing a margined position. Furthermore, Cross Collateral now enables traders to create negative USD or USDC balances to manage trading fees, basis payments, and P&L without having to liquidate any active Cross Collateral positions.
“As we continue to develop and update EQONEX, our primary goal is to enable broader institutional and professional trader adoption of crypto assets,” stated Neil Sheppard, Chief Product Officer of EQONEX.
Our roadmap to become the premier trading venue of choice for traders includes the introduction of new assets that can be used as Cross Collateral, as well as a broader range of derivative products and trading features that will benefit from such functionality.” EQONEX is a digital assets financial services company centered on fair play, oversight, and advancement.
EQONEX, a cryptocurrency exchange, is part of the company, as is an over-the-counter trading platform. It also provides a front-to-back integrated trading platform called Access Trading, a securitization advice service called EQONEX Capital, market-leading hot and cold custodian Digivault, and asset manager Bletchley Park.