On December 22, 2023, the Central Bank of Nigeria (CBN) announced the lifting of a significant restriction impacting the crypto industry.
Following this, Quidax, a leading crypto exchange in Africa, made an exciting announcement – free bank account deposits and withdrawals for its customers.
Back in February 2021, when the unpopular policy was enforced, many Nigerian companies faced challenges, either relocating or shutting down.
Quidax, however, embraced innovation to adapt and maintain operations. Despite the regulatory hurdles, an executive at Quidax expressed their commitment to global best practices.
With the recent relaxation of restrictions, the executive sees this as a positive step that will boost crypto adoption in Nigeria.
Quidax aims to create an enabling environment for cryptocurrency trading and expand its reach nationwide.
Even during the CBN crypto ban, Quidax managed to sustain operations, and now, with the ban lifted, the company is welcoming more customers, offering free deposits and withdrawals as a holiday gift to Nigerians.
To get started, customers can easily create accounts on Quidax via the mobile app or website. New customers and existing ones can enjoy free deposits and withdrawals for the next 30 days, starting from December 24, 2023 provided they complete the necessary identity verification.
As a Lagos-based exchange celebrating its fifth anniversary, Quidax is poised for growth with the relaxation of CBN restrictions.
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