Starting this week, homegrown cryptocurrency exchange Philippine Digital Asset Exchange (PDAX) will now offer a total of 70 cryptocurrencies to clients who sign up for its exclusive Prime service.
Launched earlier this year, PDAX Prime is a new offering for sophisticated crypto investors who need assistance in their crypto journey. Specifically, the service touches on three essential investor needs such as direct access to the crypto market, including PDAX’s over-the-counter (OTC) service where users can trade more tokens faster and with more competitive pricing; quick access to a dedicated team, all knowledgeable and passionate about crypto; and access to continuing crypto learning content.
PDAX believes that the expanded list of cryptocurrencies will encourage more serious traders to diversify their asset portfolios.
Among the cryptocurrencies offered to Prime users are 19 new and popular tokens namely.
1. APE – ERC 20:
The community token that helps build the APE ecosystem, which includes the famed Bored Ape Yacht Club NFT collection supported by celebrities from Snoop Dogg to Jimmy Fallon.
2. EURT – ERC 20:
Pegs its value to the Euro and is issued by blockchain platform Tether.
3. YGG – ERC 20:
Used for staking, governance, transaction fees, and yield farming wil Yield Guild Games, an organization that invests in virtual worlds and develops blockchain-based games.
4. WBTC – ERC 20:
A modified version of bitcoins that allows people to use bitcoin on Ethereum.
5. TRX – TRON:
Native token to the decentralized, open-source blockchain operating system TRON.
6. GALA – ERC 20:
In-game reward and governance token for the upcoming gaming platform Gala Games.
7. ENS – ERC 20:
Governance and protocol token for Ethereum Name Service, which creates usernames for web 3.0 users and connects them to their wallets.
8. AUDIO – ERC 20:
Token for decentralized music streaming and protocol Audius.
9. KNC – ERC 20:
Staking, governance, and rewards token for decentralized exchange Kyber Network, which offers crypto traders low fees and rates.
10. RNDR – ERC 20:
The token is used with the graphics processing unit rendering network Render, which connects artists and studios to additional rendering power.
11. CRO – ERC 20:
A token that supports the all-in-one crypto platform Crypto.com
12. IMX – ERC 20:
Used for staking, governance, transaction fee payment, and rewarding network participants for NFT scaling solution immutable X.
13. SPELL – ERC 20:
Staking, governance, and reward tokens people receive for using the cross-chain stablecoin lending protocol Abracadabra.
14. WETH – POLYGON:
A token that allows users to trade Ethereum (ETH) to ERC-20 tokens on decentralized platforms.
15. BUSD – BEP 20:
A stablecoin issued by popular crypto exchange Binance.
16. USDT – POLYGON:
A stablecoin pegged to the US dollar and present in several blockchains. Though PDAX has hosted USDT on Ethereum before, it now hosts it on Polygon for cheaper transfers.
17. ALGO – ALGORAND:
The native token of the Algorand blockchain protocol is designed to be scalable, secure, and decentralized.
18. GMT – SOLANA:
The in-game token of the popular pay-to-earn game STEPN, allows users to earn by getting active.
19. GST – SOLANA:
STEPN’s governance token. This can be earned by leveling up one’s in-game sneaker and as a giveaway during special events.
Why use PDAX Prime
“Having access to as many as 70 cryptocurrencies is one benefit we offer to our select Prime clients,” said Nichel Gaba, Founder, and CEO of PDAX.
Gaba notes that PDAX Prime was launched early this year, as a way to reach out to those who need further guidance and nurturing on their crypto journey.
PDAX Prime customers notably have access to an over-the-counter (OTC) service that allows for faster transactions and low fees. Prime clients can even trade with the PDAX Treasury Team through their preferred chat applications.
PDAX Prime even gives users priority access to different educational materials on crypto to help them get the most out of their investments. These materials include basic primers going over crypto, thorough discussions on trading and staking, and even invites to roundtables with prominent crypto personalities.
PDAX is the leading digital asset exchange in the Philippines, a safe, easy-to-use, platform for Filipinos to buy and sell virtual currencies and assets. The company received its license from the BSP in 2018 and was officially launched in the Philippine market in 2019. PDAX believes that blockchain technology and digital assets are the key to financial inclusion in the Philippines and can create a level playing field that can empower Filipinos.
The statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital asset and its ecosystem. Any and all trading involving the digital asset is subject to the user’s risk and discretion and must be done after adequate and in-depth research and analysis.