Philippines Welcomes China’s United Digital Asset Exchange (UDAX) into Growing Crypto Market
Chinese-based United Digital Asset Exchange (UDAX) Is Scaling Its Services To The Growing Philippines Crypto Market
The Philippines is becoming a hot cryptocurrency market for both local and foreign investors. Recently, a coin exchange platform based in China expressed its interest in joining the growing market.
United Digital Asset Exchange is now looking forward to join the Philippine Digital Asset Exchange in providing crypto services to the masses in Philippines. The PDAX has already been approved by Bangko Sentral ng Pilipinas (BSP) as a legitimate coin exchange within this crypto-vibrant jurisdiction. UDAX aims to become amongst its major competitors in the near future.
The Philippine-based UDAX partner, Butch Tabligan, told crypto enthusiasts that the firm is gathering the necessities for it to file for a license when he was interviewed by Cryptovest. If all goes well, then UDAX will open a new subsidiary in Philippines to scale its services globally. According to Tabligan, the UDAX coin exchange is no different from Binance,
“UDAX is like Binance, Our operation is global with local base presence. Our aim is to get regulated and compliant with each and every crypto-friendly country worldwide. At present we have UDAX Korea, Hong Kong, Malaysia, Singapore, Switzerland and other countries.”
Mr. Butch further explained why the UDAX platform would first venture into the Philippine market. His sentiments to support this move revolved around the fact that market feasibility tests had shown potential. To prove this, the idea of having willing crypto coin takers at price was used and indeed the population shows an interest in cryptocurrencies. Philippine is also on the map when it comes to digital asset & blockchain projects since they gained popularity.
UDAX competitive advantage according to Tabligan is its efforts of integration with participants in the crypto markets i.e. HODLers, traders and other types of investors.
This is made possible through the UDAX & AceClub working relationship that is mutually benefits both entities. AceClub’s role within the crypto arena is to provide information & access to the legitimate/prospectus cryptocurrency projects to its online community. This helps eliminate the knowledge gap existing for newcomers in crypto hence elimination of some accompanying risks.
AceClub provides a cost free access to one or more prospectus crypto & blockchain affiliated for its community members. This firm only accepts to support projects that seem to have a serious and strong team given that the whole cryptocurrency market is generally a volatile class of assets. The projects have to prove that they indeed add fundamental value to the existing situations in the real world. UDAX has been loyal to AceClub’s roadmap, it provides knowledge on the ICO’s introduces via its network efficiently.
The growing AceClub community which moved from thousands to over 20,000 subscriptions in less than two months is also a strategic factor for the UDAX coin exchange.