AFRICAN CRYPTO EXCHANGE QUIDAX RAISES OVER $3M ON THE WORST DAY OF CRYPTO

In a remarkable display of resilience and investor confidence, African-founded cryptocurrency exchange, Quidax, successfully raised over 7,772 Binance Coin (BNB), equivalent to over $3 million, through the public sale of its native token, QDX.This feat is even more impressive considering it occurred on what many have dubbed the ""worst day of crypto"" in 2025, specifically, May 19th.On this day, the crypto market experienced a significant downturn, with Bitcoin plummeting from highs of $64,000 to as low as $30,000.Such market volatility typically deters investors, making Quidax's successful token sale a testament to its strong value proposition and the growing interest in the African cryptocurrency market.This unexpected triumph highlights the increasing robustness of the African crypto space and the potential it holds for future growth and innovation. LAGOS, Nigeria On what could be tagged as the worst day of crypto this year, the African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2025 on Thursday, May 19 with Bitcoin dropping as low as $30,000 fromIt demonstrates that even amidst global market turbulence, promising projects with strong fundamentals can attract significant investment. SUBMIT A PRESS RELEASE. Back to NewsroomThe implications of this successful raise extend beyond Quidax itself, signaling positive prospects for the entire African crypto ecosystem and encouraging further investment in the region.

Quidax's Impressive QDX Token Sale

The public sale of the QDX token proved to be a resounding success for Quidax. The global crypto market cap is $3.25T, a 2.59 % increase over the last day. The total crypto market volume over the last 24 hours is $114.22B, which makes a 15.02 % decrease. The total volume in DeFi is currently $35B, 30.64% of the total crypto market 24-hour volume.Despite the prevailing market conditions, the sale concluded in less than 48 hours, showcasing the strong demand for the token and confidence in Quidax's vision.This rapid sell-out is indicative of a well-executed strategy and a compelling offering that resonated with investors.

Key Highlights of the QDX Token Sale:

• Raised over 7,772 BNB (over $3 million)
• Public sale completed in less than 48 hours
• Occurred on a day when Bitcoin dropped significantly, showcasing investor confidence
• Native token (QDX) built on the BEP-20 protocol

The fact that Quidax achieved this milestone during a period of market uncertainty speaks volumes about its credibility and potential.Many investors were likely looking for stable and promising projects to invest in amidst the volatility, and Quidax seemingly fit the bill.The success of the QDX token sale solidifies Quidax's position as a leading player in the African cryptocurrency exchange landscape.

Understanding the Crypto Market Downturn of May 19, 2025

To fully appreciate the significance of Quidax's accomplishment, it's essential to understand the context of the crypto market crash on May 19, 2025.This day marked a major correction in the crypto market, triggered by a combination of factors, including:

• Profit-taking: After a prolonged period of bullish momentum, many investors decided to cash out their profits, leading to a sell-off.
• Regulatory concerns: Increased scrutiny and regulatory announcements from various countries contributed to market uncertainty.
• Market manipulation: Rumors and speculation of market manipulation further fueled the panic and accelerated the downward trend.

The sharp decline in Bitcoin's price had a ripple effect across the entire crypto market, impacting the value of various altcoins and creating a sense of fear and uncertainty among investors. African cryptocurrency exchange Quidax has raised over $3 million in a token sale conducted late last week, according to news published Monday, 24 April. As per the exchange, the public sale of the QDX token saw the platform net more than 7,772 BNB. The sale therefore brought in in excess of $3 million in a sale that took less than 48 hours.During such times, it's common to see investors flock to safer assets or simply exit the market altogether. On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2025 on Thursday with Bitcoin dropping as low as $30,000 from highs of $64,000. In [ ]Therefore, Quidax's ability to raise over $3 million amidst this turmoil is a significant achievement.

Quidax's Focus on the BEP-20 Protocol

One of the distinguishing features of Quidax is its focus on the BEP-20 protocol.The BEP-20 protocol is a token standard on the Binance Smart Chain (BSC) that allows developers to create and manage digital assets. On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2025 on Thursday with Bitcoin dropping as low as $30,000 from highs of $64,000.By supporting tokens built on the BEP-20 protocol, Quidax provides its users with access to a wide range of decentralized applications (dApps) and DeFi projects.

This strategic focus on the BEP-20 protocol has several advantages:

• Increased Interoperability: BEP-20 tokens can seamlessly interact with other tokens and applications on the Binance Smart Chain.
• Lower Transaction Fees: The Binance Smart Chain offers significantly lower transaction fees compared to other blockchain networks like Ethereum.
• Faster Transaction Speeds: BSC boasts faster transaction speeds, making it more efficient for trading and transferring tokens.

By embracing the BEP-20 protocol, Quidax is positioning itself at the forefront of innovation in the DeFi space and providing its users with a more accessible and efficient platform for managing their digital assets.

The Growing African Crypto Market

Quidax's success underscores the significant growth and potential of the African cryptocurrency market. LEKKI, Nigeria, /PRNewswire/ - On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB ($3 million) from the public saleAccording to recent reports, crypto adoption in Africa continues to surge, with the number of users increasing significantly year after year.Business Insider Africa reports indicate substantial growth in crypto users, further proving the rising acceptance of cryptocurrency in the continent.

Several factors are driving this growth:

• Financial Inclusion: Cryptocurrency offers a way for individuals without access to traditional banking services to participate in the global economy.
• Remittance: Crypto provides a faster and cheaper way to send and receive money across borders, particularly crucial for remittances from diaspora communities.
• Inflation Hedge: In countries with high inflation rates, cryptocurrency is seen as a store of value that can protect against currency devaluation.
• Entrepreneurship: Crypto empowers entrepreneurs and small businesses to access new markets and funding opportunities.

The African crypto market is characterized by its dynamism and innovation, with several local exchanges and startups emerging to cater to the specific needs of the region. LAGOS, NIGERIA / ACCESSWIRE / / On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public saleQuidax is playing a key role in shaping this landscape by providing a user-friendly platform and fostering greater adoption of cryptocurrency in Africa.

Quidax's Plans for Global Expansion

Building on its success in the African market, Quidax has announced plans to expand its reach to the global stage.This expansion strategy is driven by the company's ambition to become a leading global cryptocurrency exchange and to provide access to its services to a wider audience.

The expansion plan may involve:

• Establishing partnerships with other exchanges and financial institutions
• Launching localized platforms in different regions
• Expanding the range of cryptocurrencies and financial products offered

By expanding its global presence, Quidax aims to tap into new markets and attract a more diverse user base, further solidifying its position in the competitive cryptocurrency exchange industry.

What Makes Quidax Stand Out From Competitors?

In a market with increasing competition, it is essential to understand what makes Quidax a unique and promising platform.Here are some ways in which Quidax distinguishes itself:

• Focus on Africa: Quidax understands the needs of the African market, offering services catered to local requirements.
• User-Friendly Interface: Quidax boasts an easy to use platform, making it simple for beginners to get started with crypto.
• Emphasis on BEP-20 Protocol: The commitment to Binance Smart Chain tokens gives it an edge in the DEFI space.
• Transaction Processing Capacity: Quidax processes over $3.2 Billion in transactions, indicating high usage and efficiency.

Comparing Quidax to Other Crypto Exchanges in Africa

While Quidax has shown remarkable growth, it's useful to compare it with other crypto exchanges operating in the African market.Here's a brief overview of a few notable platforms:

• BuyCoins: Primarily focused on Nigeria, offers instant cryptocurrency exchange services.
• Binance: Global exchange with a strong presence in Africa, offers a wide range of trading options.
• eToro: A multi-asset platform offering cryptocurrency trading and traditional investment options.

Each of these exchanges caters to different segments of the market and offers unique features and benefits.Quidax's focus on the BEP-20 protocol and its strong presence in Africa help it stand out from the competition.

The Future of Cryptocurrency in Africa

The successful token sale by Quidax and the continued growth of the African crypto market highlight the potential for cryptocurrency to transform the continent's financial landscape.As adoption rates continue to rise, we can expect to see further innovation and development in the space.

Some potential future trends include:

• Increased adoption of DeFi applications
• Greater integration of cryptocurrency into traditional financial systems
• Development of new use cases for cryptocurrency in areas such as agriculture and healthcare
• Increased regulatory clarity and standardization across African countries

The growth of the African crypto market presents significant opportunities for entrepreneurs, investors, and policymakers.By fostering innovation and creating a supportive regulatory environment, Africa can become a global leader in the adoption and development of cryptocurrency.

Practical Advice for Investing in Cryptocurrency

Investing in cryptocurrency can be a rewarding experience, but it's important to approach it with caution and do your research. Skip to main content Bitcoin Insider. MenuHere are some practical tips to help you get started:

• Do Your Own Research (DYOR): Before investing in any cryptocurrency, make sure you understand the underlying technology, the team behind the project, and the potential risks and rewards.
• Start Small: Don't invest more than you can afford to lose. On what could be tagged as the worst day of crypto this year, African-founded exchange Quidax raised over 7,772 Binance Coin (BNB) from the public sale of its native token, QDX. The cryptoStart with a small amount and gradually increase your investment as you become more comfortable.
• Diversify Your Portfolio: Don't put all your eggs in one basket. On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2025 on Thursday, May 19 with Bitcoin dropping as low as $30,000 from highs of $64,000.Diversify your portfolio by investing in a variety of different cryptocurrencies.
• Use a Secure Wallet: Store your cryptocurrency in a secure wallet to protect it from hackers and theft.
• Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market.

By following these tips, you can increase your chances of success in the cryptocurrency market and avoid common pitfalls.

Frequently Asked Questions (FAQs) about Quidax and Cryptocurrency

What is Quidax?

Quidax is an African-founded cryptocurrency exchange that provides a platform for buying, selling, and trading digital assets.

What is the QDX token?

The QDX token is the native token of the Quidax exchange, built on the BEP-20 protocol.It can be used for various purposes within the Quidax ecosystem, such as paying transaction fees and participating in governance.

What is the BEP-20 protocol?

The BEP-20 protocol is a token standard on the Binance Smart Chain (BSC) that allows developers to create and manage digital assets.

Is cryptocurrency a good investment?

Cryptocurrency can be a good investment, but it's important to understand the risks involved.The value of cryptocurrency can be highly volatile, and it's possible to lose money.It's essential to do your own research and only invest what you can afford to lose.

Conclusion: Quidax's Triumph and the Future of African Crypto

Quidax's successful raise of over $3 million on what has been called the worst day for crypto in 2025 is a remarkable achievement that highlights the resilience and potential of the African cryptocurrency market. Business Insider Africa presents the top 10 African countries with the highest crypto ownership. The list is courtesy of Triple-A and sourced from Statisense. Africa's crypto adoption continues to grow, increasing from 40.1 million to 43.5 million users, an 8.5% rise.This success can be attributed to several factors, including Quidax's strong value proposition, focus on the BEP-20 protocol, and growing investor confidence in the African crypto space.This event marks a key moment in the growth of cryptocurrency within Africa and the world as a whole.

Key Takeaways:

• Quidax raised over $3 million during a major crypto market downturn.
• The QDX token sale sold out in less than 48 hours.
• Quidax is focused on the BEP-20 protocol and DeFi innovation.
• The African crypto market is experiencing significant growth.
• Quidax plans to expand its reach to the global stage.

The success of Quidax serves as an inspiration for other African crypto startups and underscores the importance of innovation, resilience, and a strong focus on serving the needs of the local market. Explore top cryptocurrencies with Crypto.com, where you can find real-time price, coins market cap, price charts, historical data and currency converter. Bookmark the Price page to get snapshots of the market and track nearly 3,000 coins. Use the social share button on our pages to engage with other crypto enthusiasts.As the African crypto market continues to evolve, Quidax is well-positioned to play a leading role in shaping its future.If you are interested in learning more about cryptocurrency or Quidax, visit Crypto.com or other reputable sources for accurate information.Consider exploring Quidax's platform to understand how you can participate in the future of finance. LEKKI, Nigeria - - PRLog- On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB ($3 million) from the public sale of its token, QDX. The crypto market suffered its first major dip in 2025 on Thursday, May 19, with Bitcoin dropping as low as $30,000 from highs of $64,000.Act today and empower yourself with knowledge!