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Wrapping up 2023: PDAX in retrospect

To our PDAX Community, 

As we approach the end of this transformative year, We are filled with gratitude for everyone who has continuously shown support for our products and services. 

This year has presented multiple growth opportunities in the form of new products, in-app improvements, and community building that we’re glad to have shared with you. We’re gearing up for another financial year with more products to boost your financial goals coupled with a better and elevated PDAX experience as you take on another journey with us!

Get ready for more in 2024 – more innovation, more possibilities, and more products tailored to empower you on every step of your financial adventure. Our team is preparing behind the scenes, cooking up a storm of exciting improvements designed to make investing more fun, fulfilling, and extraordinary!

Happy holidays!
The PDAX Team

PDAX WRAPPED:

The holiday festivities marched in early at PDAX as it unveiled its latest product last October. Treasury bonds have landed on PDAX with the help of Bonds.ph (acting as securities broker-dealer) bridging the gap between Filipinos and secure government investments. 

In the crypto scene, payment giant PayPal has landed on the blockchain and PDAX is one of the exchanges to offer PayPal USD (PYUSD). Cross-border payments are now made easier, faster, and cheaper on the blockchain with PYUSD. 

Check out the full list of 2023 PDAX highlights along with the latest updates in the crypto space in this issue of the PDAX newsletter.

-> A first in the Philippines: PDAX offers tokenized treasury bonds in partnership with Bonds.ph

-> PDAX lists more tokens: Atom, CELO, DYDX, and more

-> Cross-border payments made easier with PayPal’s own crypto, PYUSD on PDAX

-> USDT on Tron launch in December make room for festive money moves

-> PDAX partners with GCash to offer GCrypto to users

-> PDAX was hailed the Network Accelerator for the Ripple Innovation Award at Ripple Swell 2023 in Dubai

Since 2018, PDAX remains to be one of the reliable crypto exchanges in the Philippines licensed by the Bangko Sentral ng Pilipinas. As we take on another year in the fintech industry, we thank you for spending your 2023 with us! We have more exciting products and features prepared for you in 2024 and we can’t wait to share them with you. 

Keep reading to see how you can be a part of our community to stay updated with the latest in PDAX. 

NEWS ROUND-UP

Smart money moves involve staying in the know on the latest in crypto and finance, and we got you covered! Here’s some of the highlights on the blockchain this year: 

Bitcoin met its USD 44,000 mark as multiple firms in the US announced and began their preparations to make spot Bitcoin exchange-traded funds available to the public. The world’s top cryptocurrency was seen to be trading for less than USD 17,000 at the beginning of 2023.  

2023 is also the year that Solana (SOL) broke past USD 100. Factors that are said to contribute to this price action are the trades made with its dog-themed meme coins and airdrops, which are prompting several traders to test out Solana-based lenders, bridges, and other infrastructure.

Bitcoin Ordinals were introduced in 2023 by software engineer Casey Rodarmor. Bitcoin Ordinals are NFTs described as “digital artifacts” in the Bitcoin network. It addressed issues encountered with traditional NFTs such as NFTs showing blank images or graphic images. Bitcoin Ordinals garnered positive feedback from the community, which contributed to Bitcoin sales this year. In December, the network took the top spot for most sales in 30 days, making over USD 744 million. 

Join the community 

At PDAX, everyone is welcome! Whether you’re in search of trading tips or want to share your own, we have an interactive community that’s ready to welcome you. Hang with us via Facebook, Discord, and Telegram to stay connected with us and other fellow traders. 

PDAX PRODUCT CORNER

In case you missed it, here are the latest improvements on the PDAX app, made especially for you! 

-> Trading charts and live price alerts for all tokens

-> Easy-to-use interface for Bonds

And as you continue to enjoy our products and services, here’s a little note from our product managers: 

Hey there, 

We want to thank you for helping us make the PDAX app better. With every suggestion and feedback, we’re able to provide you with features to help you make your money moves come to life. We have more exciting things coming your way, so stay tuned! Happy New Year!

Product suggestions? 

Get in touch with our product team at product@pdax.ph! We want to hear from you!

DISCLAIMER: Philippine Digital Asset Exchange, Inc. (PDAX) would like to reaffirm that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any digital asset, including virtual assets or cryptocurrency,  is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. 

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.

Securities broker-dealer services related to government securities are performed by PDAX’s broker-dealer partner, BONDS.PH INC. PDAX or BONDS.PH INC. does not guarantee the accuracy, reliability or completeness of any information or materials related to government securities or that BONDS.PH or the issuer of the government securities will satisfy the terms of the government securities. Any and all purchase and trades involving government securities are subject to the user’s risk and discretion.

In addition, all digital collectible services on Mintoo are performed by PDAX’s digital collectible partner, NYK VENTURES INC. PDAX or NYK VENTURES INC. does not guarantee the accuracy, reliability or completeness of any information or materials on the digital collectible platform or that the digital collectible issuer or creator will satisfy the terms of the digital collectible. Any and all trading involving digital collectibles are subject to the user’s risk and discretion. 

For inquiries or complaints, please contact us through the following channels: Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name.

The Philippine Digital Asset Exchange (PDAX) Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels: Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087; Trunk Line: (02) 8708 7701 loc. 2584;  or SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.

BONDS.PH INC. is an entity registered as a Broker Dealer in Securities with the Philippine Securities and Exchange Commission (SEC), a member of the Philippine Dealing and Exchange Corp. (PDEx), and Exchange Commission and Bureau of the Treasury-licensed government securities dealer (GSED). You may get in touch with the Markets and Securities Regulation Department of the Securities and Exchange Commission at msrdsubmission@sec.gov.ph or through the SEC’s channels: imessagemo@sec.gov.ph or 02-5322-7696.

About PDAX

PDAX is a BSP-licensed exchange where you can trade Bitcoin, Ethereum, and other cryptocurrencies directly using PHP!

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