Are There New Cryptocurrencies Coming to PDAX?

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Philippine Digital Asset Exchange (PDAX) is teasing the launch of  seven (7) new coins that can be traded on its exchange this June. This announcement comes after the platform launched its #StartWithPDAX campaign and released a new version of its mobile app.

The announcement was made on Facebook, teasing that the new coins will be launched next week.

PDAX is currently offering BTC/PHP, ETH/PHP, XRP/PHP, BCH/PHP, LTC/PHP, USDT/PHP & USDC/PHP. The new coins will mean 14 cryptocurrencies will be available for trading in the exchange.

PDAX most recently released a new version of its mobile app that allows users to switch to basic and pro mode. “We aspire to build a platform that caters to the needs of different traders. For beginners, they should feel at ease in using PDAX; for the experienced, they will enjoy the new features and tools we are set to release over the coming months,” COO Kyle Kua said in a statement.

Kyle admits that while the platform is still missing some features like advanced technical indicators, the company is pacing the roll out of new features in the coming weeks and months  “Understandably, we will pace the roll out of these features, but we invite our users and fellow Filipinos to join as we continue on this journey towards a more inclusive financial system.”

PDAX obtained its virtual currency exchange (VCE) license from Bangko Sentral ng Pilipinas (BSP) in 2018. There are 17 licensed virtual currency exchanges in the country, which are now called “virtual asset service providers” (VASPs) as per a new memorandum from the BSP.

This article is published on BitPinas: Are There New Cryptocurrencies Coming to PDAX?

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Sean Millare

Sean is a full-time trader who started exploring & investing in cryptocurrency in 2015 when he was still a college student.