Cryptocurrency exchange, Quidax on Monday, 10th May officially shared plans to expand beyond Africa to the global market. They also announced the launch of their native token, QDX and revealed plans to reposition as the global home of BEP20 tokens.
Quidax is a cryptocurrency exchange that launched in August 2018. The exchange previously positioned itself as an African focused cryptocurrency exchange but stated it had to change its strategy following some events in February.
Quidax CEO, Buchi Okoro for the first time 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 to launch its Token on JulPad Launchpad in May
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.
The Home of BEP20 Tokens
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.
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.
This is a Press Release.