Lagos, Nigeria, 30th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange.
The license which was presented by the Securities and Exchange Commission grants Quidax the permission to operate as a registered crypto exchange in Nigeria as the nation begins the formal recognition and much needed regulatory oversight, to the cryptocurrency industry.
Speaking on the development, Buchi Okoro, Co-founder and CEO of Quidax said “At Quidax, the customer is our priority, every decision we make is to ensure that customers transact on our platform easily, safely and with confidence. We commend the SEC under the leadership of Dr. Emomotimi Agama, for taking the bold step to bring order, confidence and investor protection to our industry. This is a big win for Nigeria’s embrace of crypto, and we are glad to be a part of this historical moment.”
The Quidax CEO further thanked Nigerian regulators for collaborating with industry players to craft guidelines that will drive innovation and build trust in the budding crypto ecosystem. Buchi says it marks a significant step in crypto and would enable Nigeria to leapfrog other countries when it comes to crypto regulation.
With the license granted by the Nigerian SEC, Quidax is now able to collaborate with banks and other financial institutions, subject to the Central Bank of Nigeria’s approval. This license also fosters trust in cryptocurrency and protection for crypto enthusiasts in Nigeria.
In an email sent out earlier today, Quidax thanked all of its customers and employees who have supported the business since the beginning.
The email stated that this approval by the SEC could be equated to a shot of adrenaline for the Nigerian crypto community to push the envelope further as well as an acknowledgment of all the work employees put into safety, security and compliance. The email also restated Quidax’s unwavering commitment to innovation, security, and compliance.
About Quidax
Quidax is an innovative, African-founded cryptocurrency exchange dedicated to simplifying the process of buying, selling, storing, and transferring cryptocurrencies for users around the globe. By providing a seamless and user-friendly platform, Quidax ensures that individuals and businesses alike can engage with digital assets easily and securely.
In addition to offering standard cryptocurrency transactions, Quidax goes beyond by facilitating Over-the-Counter (OTC) trading for larger, private deals, providing an extra layer of convenience and flexibility for institutional investors and high-net-worth individuals. Furthermore, Quidax empowers fintech companies by offering a robust API that allows them to integrate cryptocurrency services into their existing platforms, enabling them to offer a comprehensive suite of financial services to their customers.
Since its official launch in 2018, Quidax has rapidly expanded its footprint, serving customers in more than 70 countries across different continents. The exchange continues to grow its global community by adhering to its core values of security, transparency, and innovation, making it a trusted partner for anyone looking to navigate the world of digital currencies. As Quidax evolves, it remains committed to advancing the cryptocurrency industry, bridging the gap between traditional finance and the digital economy, and fostering a more inclusive financial ecosystem for all.
Social Links
Twitter: https://twitter.com/QuidaxGlobal
Facebook: https://facebook.com/QuidaxGlobal
Instagram: https://www.instagram.com/quidaxglobal
LinkedIn: https://www.linkedin.com/company/quidax/
Quidax Global Community (Telegram): https://t.me/QuidaxGlobal
Quidax Academy: https://blog.quidax.ng/quidax-academy-beginner-crypto-course/
