African crypto exchange Quidax processes over $3.2b in transactions, announces global expansion
African cryptocurrency exchange Quidax, shared plans to expand beyond Africa to the global market. The company also announced the launch of its native token, QDX, and revealed plans to reposition as the global home of BEP20 tokens.
Quidax launched in August 2018 and had positioned itself as an African-focused cryptocurrency exchange but has later stated a change in strategy. The company has processed over 3.2 billion dollars worth of transactions since its launch and has grown its customer base from 50 customers in 2018 to over 400,000 customers across 72 countries today.
Quidax also announced it will 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.
Buchi Okoro, the CEO of Quidax 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."
Quidax 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 its customers.