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Out! Strategic Binance Partner Eqonex Fell Victim To Crypto Contagion!
As recently as March 2022, Binance announced a strategic partnership with Singapore-based Eqonex Group and granted a $36 million convertible loan. In February, Eqonex had reportedly become the first crypto company to receive a listing on NASDAQ via a SPAC construction. Eqonex also has an FCA-registrated custody arm, Digivault Limited. It looked like a promising partner for Binance. Now the group seems to be a victim of crypto contagion. Binance has stopped funding it.