EQONEX

EQONEX (previously EQUOS) is a crypto exchange based in Singapore founded in 2020. It is part of the Nasdaq-listed EQONEX Group, which also operates the custodian Digivault and the asset management unit, Bletchley Park.

EQONEX is a strategic partner of Binance (PC42 profile), which provided a $36 million convertible loan. Consequently, EQONEX has appointed ex-Binance Head of UK Jonathan Farnell as Chief Executive Officer.

The company applied for a license from the Monetary Authority of Singapore (MAS) and currently operates under an interim dispensation.

Conclusion

We could not find any complaints around the company but Due to the current tense crypto industry, we downgrade all crypto companies to ORANGE for an undetermined period of time.