PDAX launches seven new crypto coins in Philippines

Crypto-trading platform PDAX has launched seven new cryptocurrencies for its users: Chainlink (LINK), Enjin (ENJ), Basic Attention Token (BAT), Graph (GRT), Compound (COMP), Aave (AAVE), and Uniswap (UNI). With this, the total number of coins offered on the platform is pegged at 14.

Founded in 2017, the Philipines based firm has enabled Filipinos to easily invest in digital assets for as low as PHP 50. So far, PDAX has offered top cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Tether, and more.

Kyle Kua, Chief Operating Officer at PDAX, said that the new offerings are meant to give Filipinos the power of choice. β€œOur team is committed to building the cryptocurrency ecosystem here in the Philippines, so introducing new coins is just part of that,” Kua explained.

All of the newly-offered cryptocurrencies have built up many use cases. LINK, for example, is an Ethereum token that powers a Chainlink decentralized oracle network. The network then allows smart contracts on Ethereum to connect to external data sources, application programming interfaces (APIs), and payment systems.

β€œWe want Filipinos to know that PDAX is their go-to place for cryptocurrency, no matter how far along they are on their crypto journey,” said Kua. β€œThe new features and coin offerings are just a peek at the exciting new developments we’ve got up ahead.”