One of Africa’s leading Cryptocurrency exchanges, Quidax has announced plans to expand beyond Africa to the global market. The announcement was made at the launch of their native token, QDX and repositioning as the global home of BEP20 tokens. Launched in 2018, Quidax is a cryptocurrency exchange that initially positioned itself as an African focused cryptocurrency exchange but has stated a change in strategy following some events in February.
Quidax aims to be the home of BEP20, giving anyone access to tokens on the Binance Smart Chain (BSC), as well as popular cryptocurrencies. Apart from instant exchange services, Quidax enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated API. Quidax was officially launched in 2018 and currently has over 400,000 customers in more than 70 countries.
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Quidax CEO, Buchi Okoro revealed that they have processed over 3.2 billion dollars worth of transactions since their launch and have grown their customer base from 50 customers in 2018 to over 400,000 customers across 72 countries today.
Quidax is going to launch QDX, its native token. QDX will be a BEP20 token that will power all the functions within the Quidax ecosystem from trading fees on the exchange, to staking, governance, and all financial products.
Quidax will be the first project to launch on Julswap’s launchpad, JulPad. The choice to launch on JulSwap is strategic due to what JulSwap has achieved in a short period.
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Speaking on their new direction, Buchi Okoro said “we are set to become the global home of BEP20 tokens. This means that anyone in the world can trade over 100 cryptocurrencies in the Binance Smart Chain ecosystem on Quidax,”
He also added that they will be launching 7 products over the next 6 months with a blend of CeFi and DeFi that will add more value and wealth to their customers.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry