Review on EQUOS by Killer Bean
Equos Exchange
Diginex happens to be the parent company behind Equos Exchange. It is a recently launched exchange which came into existence in 2020. As a new exchange, users are put into consideration as Equos aims to become the exchange that provides the seamless trading experience for any trader. It is a spot and a derivatives trading platform that provides one of the most affordable fees in the whole crypto market. On this exchange, you are charged a fee of 0.08% as a maker and 0.09% as a taker (that's for spot trading) and as for derivatives or perpetual futures trading, there's a fee of 0.07% for takers and 0.00% for makers. The zero fee system has brought about extremely high liquidity in this exchange coupled with the very high trading volume. There are two major drawbacks to this exchange:
• Little amount of cryptocurrencies supported: On Equos exchange, there are less than 10 cryptocurrencies traded as well as little trading pairs. This has a negative effect on the liquidity of the exchange.
• Only few languages supported: To ensure globalization in an exchange, the exchange is supposed to offer about 10 different languages. However, on Equos exchange only English, Korean and Chinese are supported here which means that this exchange is majorly meant for Asian traders.
Pros
- The trading fee of the exchange is very low
- The exchange is very easy to register on and use
- The interface is digital and interactive
- The exchange has its own Token, EQO
Cons
- This exchange has poor customer support
- The exchange supports little cryptos
- Only few languages are supported on this exchange
