Milestone: Africa-Based Crypto Exchange Quidax Processes More Than $3.2 Billion in Transactions

Quidax, an Africa-based cryptocurrency exchange, announced on Monday it has officially processed more than $3.2 million in transactions. Launched in 2018, Quidax reported that it is seeking to become home of BEP-20 is a token standard on Binance Smart Chain (BSC) that extends ERC-20, as well as other 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.”

Along with announcing its latest milestone, Quidax also revealed its plans to expand globally. The platform also revealed it currently has more than 400,000 customers in over 70 countries. While sharing more details about the platform’s future plans, Buchi Okoro, CEO of Quidax, stated:

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.”

Okoro then added that he and his team will be launching seven products over the next six months with a blend of CeFi and DeFi that will add “more value and wealth” to the Quidax customers.

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