Diginex Steps Closer to Backdoor Nasdaq Listing as SEC Approves Merger
Diginex aims to merge with publicly traded firm 8i Enterprises, clearing the path for a backdoor listing on Nasdaq.
The blockchain services firm is officially merging with publicly traded 8i Enterprises Acquisition Corp., a key part of its plan for a "backdoor" listing.
Diginex CEO Richard Byworth said the firm’s public listing will give it more transparency than other crypto exchange operators.
Diginex has become the first crypto exchange operator to be traded on Nasdaq, listing under the EQOS ticker symbol.
Diginex, the firm behind the newly launched EQUOS.io crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.
Originally postponed due to the pandemic, EQUOS.io is still set to be the first crypto exchange on the Nasdaq.