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A Nigerian cryptocurrency firm has integrated its services on a layer 2 scaling platform Polygon. The platform has a native token matic which is yet to be listed.
A cryptocurrency exchange based out of Nigeria, Quidax has integrated its service on a layer 2 scaling platform, Polygon.
The native token of Polygon, Matic has been listed on the Quidax. Once Matic is listed, the customers have the freedom to trade Matic. The new clients of the Quidax will get the publicity to trade crypto assets because of the listings.
A self listing token will also be added by Quidax, which will ease the listing process for projects across Africa. Listing is just one aspect of quidax. Beyond it, Quidax may be bringing polygon’s structure to its customers.
This means that the customers of Quidax will be able to access projects that are already in polygon’s environment and take advantage of numerous offerings which include lending, borrowing, staking, gaming, NFTs and more.
Buchi Okoro, CEO, Quidax, is very happy to have started this integration process. He feels that it could not be a better time to have partnered with Polygon for the services offered. Since the company has completed 3 years, this integration with Polygon has come as a boon to the company since it fits Quidax goal of bringing DeFi and CeFi services to Africa.
Sandeep Nailwal, Co-founder, Polygon said it is one of the notable moves as it is the first partnership among an African crypto organization and the layer 2 scaling answer that has taken the arena with the aid of using storm.
Expectations galore from integration
The listing of polygon native token Matic on Quidax will expose the exchange to new Customers. Users will be able to purchase Matic using USDT or QDX Tokens.
The self-service listing of the token will ease out the process of listing tokens to increase developer adoption. Blockchain Projects will be able to list their tokens on Quidax in 24 hours.
The Quidax customers will have the benefit to access Polygon’s ecosystem and benefit from services like lending, borrowing, NFTs and more.
Quidax will also be able to process OTC trading for institutions and give fintech companies the gear to provide cryptocurrency offerings to their clients via a devoted plug and play API.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
