- April 1, 2023
PDAX, a Bangko Sentral ng Pilipinas-regulated cryptocurrency exchange, continues to expand its portfolio in the country, as it now offers four new additional coins that Filipino crypto enthusiasts can buy, sell, and trade.
With the launch of the additional cryptocurrencies, PDAX now stands as one of the crypto exchanges with the widest coin offering in the country.
The new coins—Solana, SUSHI, XLM, and BNB—are now available to all members. Each of the four new coins brings unique qualities that make them worthy of consideration for your digital asset portfolio.
- SOLANA. Solana is considered a more viable alternative to Ethereum due to its high speed and low transaction fees. In the past twelve months, SOL has seen a 21% increase in price, from $47.20 to its current price of $57.28, moving up in the coin rankings from 16th to 8th place in terms of market cap.
- SUSHI. SUSHI is an Ethereum-based token that runs Sushi (formerly SushiSwap), a decentralized exchange platform where people can trade unique and hard-to-find cryptocurrencies that aren’t yet listed in major coin exchanges. This makes the platform especially popular among gamers. Holding SUSHI or connecting your wallet to the network to provide token liquidity entitles you to a portion of the transaction fees collected from the exchange. The Sushi platform also offers many yield farming options, allowing its users to come up with investment strategies on how to maximize their earnings from SUSHI. Currently, SUSHI is valued at $1.35.
- XLM. XLM, otherwise known as Stellar Lumens, was designed to make transferring money as simple and affordable as possible. XLM takes advantage of blockchain technology to create digital representations of any currency, which can then be transferred seamlessly and securely via the Stellar network, drastically reducing the time and effort it takes to transfer money domestically and abroad—and with the lowest fees, too. XLM is currently priced at $0.14.
- BNB. BNB is used to avail discounts on trading fees, pay for transaction fees, and invest in other cryptocurrency projects. BNB’s current price is $307.21.
Among these new coins, SOL and BNB are currently in the top 10 most traded cryptocurrencies in the market today, based on CoinMarketCap data. With the launch of these four new coins, PDAX mobile app now offers a total of 26 coins, the most out of all the licensed local exchanges.
How to trade on the PDAX mobile app
Setting up an account to trade with SOL, SUSHI, XLM, and BNB is fast, easy, and secure.
Download the PDAX mobile app either from the Google Play Store, Huawei App Gallery, or the App Store and start trading. PDAX will make these new coins available for web exchange at a later date.
Easily cash in through a wide array of online banking, e-wallet, and over-the-counter methods.