Facebook Twitter Instagram
    Vidr News
    • Home
    • Opinion
    • Editorial
    • Culture
    • Global
    • Essay
    • Letters
    • Sports
    • Education
    Facebook Twitter Instagram
    Vidr News
    Home » PH crypto exchange PDAX scores $50m in Series B
    NEWS

    PH crypto exchange PDAX scores $50m in Series B

    adminBy adminOctober 26, 2022Updated:October 26, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    philippine digital asset exchange 50m series Philippine-based crypto exchange platform PDAX (Philippine Digital Asset Exchange) announced that it raised more than $50 million in its Series B fundraising round led by Tiger Global.

    Kingsway Capital, Jump Capital, Draper Dragon, Oak Drive Ventures, DG Daiwa Ventures, Ripple, and UBX Ventures also participated in the funding round

    In August 2021, PDAX began raising Series B fundraising with a $12.5 million round.

    PDAX is a central bank-licensed digital asset trading platform founded in 2018 by CEO Nichel Gaba. It offers Filipinos a “secure, easy-to-use” platform for buying and selling digital assets as well as participating in metaverse applications.

    The app was officially introduced in the Philippines in 2019 and is available on the web, as well as on iOS and Android devices.

    Bonds.ph was launched in 2020 by PDAX in collaboration with the Bureau of the Treasury and Unionbank. Retail investors can buy in government bonds using this blockchain-enabled app on their mobile devices.

    “Crypto is the most transformative technology we’ve seen since the internet. The Philippines already sees applications in play-to-earn games, NFT projects, cross-border remittance, trading and investment,” said Gaba.

    The Series B funds will be used to create a secure and accessible infrastructure for the digital asset economy.

    He added that today, PDAX enables payments in and out of metaverse applications, as well as the exchange of crypto and fiat currency.

    However, Gaba said there is still much work to be done in terms of infrastructural development. in the midst of changes that will improve everyone’s access to digital assets safer, easier, and more efficient.

    As the market matures, PDAX will continue to collaborate with regulators to guarantee that all of these technologies protect and benefit consumers.

    PDAX believes that blockchain technology and digital assets will level the playing field, allowing Filipinos from all walks of life to grow their wealth.

    The Philippines has a population of over 100 million people, however, the majority of them do not have easy access to financial services.

    Tiger Global Partner Alex Cook stated PDAX is making cryptocurrency more accessible to millions of Filipinos.

    philippine digital asset exchange 50m series
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Leave A Reply Cancel Reply

    The Importance of a Well-Designed Logo: How to Create One

    April 8, 2023

    Indonesia’s social commerce platform Evermos bags $30m to finance expansion

    October 26, 2022

    PH crypto exchange PDAX scores $50m in Series B

    October 26, 2022

    S Korean agrifood trading platform Tridge raises $60m Series C funding

    October 26, 2022
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    © 2023 VidrNews. Contact Us [email protected]

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT