The startup offers a cryptocurrency trading application that enables users to buy, sell, and manage digital currencies using local fiat currencies through bank transfers and card payments. Its features include instant swaps, an order book, and self-service listings, providing a streamlined solution for users to access and transact in both fiat and crypto wallets.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GNKFounders
Product
Problem
Many individuals in emerging markets face challenges accessing and trading cryptocurrencies due to limited access to established exchanges and difficulties using local fiat currencies. Existing platforms often lack the necessary infrastructure to facilitate seamless transactions between local currencies and digital assets.
Solution
Quidax provides a cryptocurrency exchange platform that enables users to buy, sell, and manage digital currencies using local fiat currencies. The platform supports bank transfers and card payments, providing a streamlined solution for users to access and transact in both fiat and crypto wallets. Quidax offers an instant swap feature for quick conversions, an order book for accessing diverse markets, and self-service listings for new and existing tokens. The platform also provides an API for building full-featured cryptocurrency applications.
Target Audience
Quidax primarily targets individuals in emerging markets who are looking for an easy and secure way to buy, sell, and manage cryptocurrencies using their local fiat currencies.
Features
- Instant Swap feature for buying and selling cryptocurrency in minutes
- Order book with real-time buy and sell prices and high liquidity
- Self-service listing for launching new and existing tokens
- OTC (Over-the-Counter) desk for diversifying company assets into Bitcoin
- API for building cryptocurrency applications
- QDX Token, the platform's native token, which provides access to the Quidax ecosystem
- QDX Vault for staking QDX tokens and earning rewards
- Mobile app for trading on the go