Why Shares of Diginex Are Plunging Today
Shares of the Hong Kong-based digital financial services company Diginex (NASDAQ:EQOS) had fallen more than 20% as of 12:40 p.m. today after it reported record volume on its trading platforms.
Diginex shares fell after the company today announced record trading volume of more than $1 billion in the month of April. Average daily volumes during April grew more than 300% compared to average daily volumes in March.
The company attributed the volume increase to its EQUOS cryptocurrency exchange, which launched its first digital token called EQUOS Origin on April 8. Since the launch of that token, EQUOS has recorded more than $100 million in daily volume.
Source Fool.com
