RTTNews | Oct 26, 2021 10:19AM EDT

10:19 Tuesday, October 26, 2021 (RTTNews.com) - Shares of Hong Kong-based Eqonex Limited (EQOS), formerly known as Diginex Limited, a digital asset financial services and advisory company, that operates cryptocurrency exchange EQONEX are up more than 25 percent after it announced on Monday that it has listed the Polkadot (DOT) cryptocurrency on its platform.

The company also said it significantly expanded its international sales team with strategic hires to meet the exponential growth of institutional demand for digital assets. The EQONEX exchange has also claimed to have solved several technical challenges associated with safe custody and exchange of Polkadot through the custody services offered by Digivault, the Group's crypto custodian.

Trading for the same has been enabled through a DOT/USDC pairing.

As USD and USDC are fully fungible on the platform, USD holders could purchase DOT using the USDC market. According to research published by EQONEX Labs, the Polkadot network is considered a viable alternative to Ethereum, primarily due to its blockchain interoperability, decentralized governance, and scalability.

Diginex Limited had in June 2021 announced that it unified its businesses under the brand, EQONEX and pending a resolution to rename the corporate entity at the company's AGM, it would continue to trade on the Nasdaq Stock Exchange as Diginex Limited (EQOS).

EQOS is currently trading at $5.35, up $1.03 or 23.84 percent from previous close.

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