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The Hong Kong based digital asset exchange and operator is merging with publicly traded 8i Enterprise Acquisition Corp, a British Virgin Island SPAC, as it plans to list on the Nasdaq later this month.
“Some of these guys are offering a ridiculous 250-times levered product,” Byworth said. “At that point it’s quite easy to be able to map where liquidiations can happen if the price of bitcoin gets to that level.” The exchange will still be relying on other private exchanges as references for pricing data on levered products, but Byworth said public filings will give non-crypto traders more confidence to enter the market.
https://www.coindesk.com/diginex-going-public-is-about-more-than-a-nasdaq-ticker-symbol
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