Global Cryptocurrency

On Thursday, African-founded cryptocurrency exchange, <a href="https://www.quidax.com/" rel="noopener noreferrer nofollow">Quidax</a> 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 <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency </a>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.<h2 id="header-0">About Quidax</h2>Quidax is an African-founded <a href="https://www.quidax.com/" rel="noopener noreferrer nofollow">cryptocurrency exchange</a> that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to customers through a dedicated crypto API.Quidax was officially launched in 2018 and has customers in more than 70 countries.<h2 id="header-1">Social Links</h2><ul><li>Twitter: <a href="https://twitter.com/QuidaxGlobal" rel="noopener noreferrer nofollow">https://twitter.com/QuidaxGlobal</a></li><li>Facebook: <a href="https://facebook.com/QuidaxGlobal" rel="noopener noreferrer nofollow">https://facebook.com/QuidaxGlobal</a></li><li>Instagram: <a href="https://www.instagram.com/quidaxglobal" rel="noopener noreferrer nofollow">https://www.instagram.com/quidaxglobal</a></li><li>LinkedIn: <a href="https://www.linkedin.com/company/quidax/" rel="noopener noreferrer nofollow">https://www.linkedin.com/company/quidax/</a></li><li>Quidax Global Community (Telegram): <a href="https://t.me/QuidaxGlobal" rel="noopener noreferrer nofollow">https://t.me/QuidaxGlobal</a></li><li>Quidax Academy: <a href="https://blog.quidax.ng/quidax-academy-beginner-crypto-course/" rel="noopener noreferrer nofollow">https://blog.quidax.ng/quidax-academy-beginner-crypto-course/</a></li></ul>Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Quidax Becomes Nigeria’s First SEC licensed Crypto Exchange

Table of Contents

TheNewsCrypto

Other articles published on Aug 30, 2024

Dogecoin Lawsuit Vindicates Musk and Tesla

Five crypto market predictions that haven’t come true — yet

Vitalik Buterin Moves Millions in ETH to Multi-Sig Wallet, Reasons Unknown

Bitcoin Dogs: The Top Altcoin Everyone Is Talking About

MakerDAO's Rebranding to Sky Impacted This Altcoin's Gas Token Selection!

Explore All Features and Casino Bonuses for Top 1 me88 Online Casino Singapore

Join our free newsletter for daily crypto updates!