Brief: Eqonex Says It Would Streamline Operations To Focus On Asset Management And Custody Businesses

Eqonex

15/08/2022 09:25

Aug 15 (Reuters) - Eqonex Ltd  EQOS.O :
    * EQONEX TO STREAMLINE OPERATIONS TO FOCUS ON ASSET
MANAGEMENT AND
CUSTODY BUSINESSES
    * EQONEX TO PROACTIVELY EXIT CROWDED CRYPTO EXCHANGE SPACE,
CLOSING ITS CRYPTO EXCHANGE ON AUGUST 22, 2022
    * EXCHANGE CLIENTS WILL HAVE SUFFICIENT TIME TO MANAGE AND
CLOSE
THEIR TRADING POSITIONS AND WITHDRAW THEIR ASSETS OFF THE
EXCHANGE
    * EXCHANGE CLOSURE WILL MATERIALLY REDUCE COMPANY'S COST
STRUCTURE
AND POSITION COMPANY FOR SUSTAINABLE GROWTH
    * EQO TOKEN, BEING AN EXCHANGE-ONLY TOKEN THAT CANNOT BE
WITHDRAWN, WILL CEASE TRADING WITH IMMEDIATE EFFECT
    * EQONEX'S PRINCIPAL PLACE OF BUSINESS WILL MOVE FROM HONG
KONG TO
UNITED KINGDOM

Source text for Eikon:  ID:nPNAlR64Fa 
Further company coverage:  EQOS.O 

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