Latest news with #Quidax
Finextra
08-07-2025
- Business
- Finextra
Nigeria's SEC and Quidax team on digital asset education
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax, hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The exclusive two-day event, held at the prestigious Capital Club in Victoria Island, Lagos, convened representatives from commercial banks, asset management firms, pension fund administrators, and securities traders. Some of the participants at the event were from Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies. Driving Adoption Through Education and Regulation Speaking at the event, Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission, underscored the programme's significance. He stated that the initiative reflects the commission's statutory responsibility not only to regulate the capital market but also to actively develop it. Dan Abu emphasized the integral role of traditional financial institutions in the growth of the digital asset ecosystem. 'The banks hold fiat currency. If they don't understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users,' he explained. This educational series builds on a series of significant regulatory milestones in Nigeria's digital finance space. On 29 March 2025, President Bola Tinubu signed into law the Investments and Securities Act (ISA) 2025, which formally classifies cryptocurrencies and other virtual assets as securities, thereby placing them under the SEC's purview. Prior to this, in June 2024, the commission issued rules for Virtual Asset Service Providers, providing crucial regulatory backing to exchanges and other entities operating in the space. Quidax's Pan-African Mission and the Importance of Collaboration Buchi Okoro, Co-founder and Chief Executive Officer of Quidax, highlighted the event's core purpose: supporting adoption by educating both beginners and advanced participants within the financial industry. 'Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots,' he said. Okoro reiterated Quidax's ambitious Pan-African mission, noting that the exchange already operates in nine countries and plans to expand to all 54 African nations. 'We're solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails,' he added. Industry Leaders Endorse the Initiative The event garnered strong support from other key industry players, reinforcing the collaborative spirit essential for digital asset integration. Pascal Maguire, Sales Director for Africa at Fireblocks, stressed the need for such forums: 'We need more finance and payments experts and decision makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.' Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, a panelist at the event, highlighted the pressing need for digital assets due to inefficiencies in traditional banking. 'Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely,' he stated. Attendees also expressed their positive reception. Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked, 'Events like these bring such awareness even closer to us as institutions here in Nigeria and presents us with the opportunity to not be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend and I sure do not want to be left behind at all.' Adding to the sentiment, Bukola James-Cole, Director of Capital Market at Africa Prudential PLC, spoke about the natural evolution of money. She emphasized, 'Whether we like it or not it will happen so the earlier we start getting educated about digital assets the better for the industry.'
Zawya
08-07-2025
- Business
- Zawya
Securities and Exchange Commission (SEC), Quidax Bring Together Top Banks, Asset Managers to Drive Digital Assets Adoption in Nigeria
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax ( hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem. The exclusive two-day event, held at the prestigious Capital Club in Victoria Island, Lagos, convened representatives from commercial banks, asset management firms, pension fund administrators, and securities traders. Some of the participants at the event were from Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies. Driving Adoption Through Education and Regulation Speaking at the event, Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission, underscored the programme's significance. He stated that the initiative reflects the commission's statutory responsibility not only to regulate the capital market but also to actively develop it. Dan Abu emphasized the integral role of traditional financial institutions in the growth of the digital asset ecosystem. 'The banks hold fiat currency. If they don't understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users,' he explained. This educational series builds on a series of significant regulatory milestones in Nigeria's digital finance space. On 29 March 2025, President Bola Tinubu signed into law the Investments and Securities Act (ISA) 2025, which formally classifies cryptocurrencies and other virtual assets as securities, thereby placing them under the SEC's purview. Prior to this, in June 2024, the commission issued rules for Virtual Asset Service Providers, providing crucial regulatory backing to exchanges and other entities operating in the space. Quidax's Pan-African Mission and the Importance of Collaboration Buchi Okoro, Co-founder and Chief Executive Officer of Quidax, highlighted the event's core purpose: supporting adoption by educating both beginners and advanced participants within the financial industry. 'Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots,' he said. Okoro reiterated Quidax's ambitious Pan-African mission, noting that the exchange already operates in nine countries and plans to expand to all 54 African nations. 'We're solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails,' he added. Industry Leaders Endorse the Initiative The event garnered strong support from other key industry players, reinforcing the collaborative spirit essential for digital asset integration. Pascal Maguire, Sales Director for Africa at Fireblocks, stressed the need for such forums: 'We need more finance and payments experts and decision makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.' Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, a panelist at the event, highlighted the pressing need for digital assets due to inefficiencies in traditional banking. 'Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely,' he stated. Attendees also expressed their positive reception. Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked, 'Events like these bring such awareness even closer to us as institutions here in Nigeria and presents us with the opportunity to not be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend and I sure do not want to be left behind at all.' Adding to the sentiment, Bukola James-Cole, Director of Capital Market at Africa Prudential PLC, spoke about the natural evolution of money. She emphasized, 'Whether we like it or not it will happen so the earlier we start getting educated about digital assets the better for the industry.' Distributed by APO Group on behalf of Quidax. About Quidax: Quidax is an African-founded cryptocurrency exchange ( that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading ( and gives fintechs the tools to offer cryptocurrency services to customers through a dedicated crypto API. Quidax was officially launched in 2018 and has customers in over 70 countries.
Zawya
19-05-2025
- Business
- Zawya
1.5 Billion Reasons for Crypto in Africa - Quidax Chief Executive Officer (CEO) at Consensus 2025
In a powerful speech at Consensus 2025, crypto's most influential event, Buchi Okoro, CEO and Co-founder of Quidax ( delivered a message for global collaboration to unlock Africa's potential. Sharing his personal journey and highlighting the transformative power of crypto on the continent, Okoro called on the global community to join Quidax in building the future of Africa. Okoro began by recounting his own challenging entry into the crypto space in 2016, where he fell victim trying to buy Bitcoin ( "It wasn't a lot but it was all I had," he said. "So my question becomes how do we make sure that my story is not the story of every African trying to get into crypto? How do we make sure that what is possibly the largest innovation in finance in 100 years doesn't leave 1.5 billion people behind?" He stated that in the West crypto is often viewed through the lens of accumulation, speculation, or novel applications, in Africa, "Crypto is Hope." Okoro painted a vivid picture of a continent with an average inflation rate of 19%, inefficient and costly remittance processes despite over $150 billion in annual flows, plus a young population eager for opportunities. "In Africa crypto is not hype, It is hope, crypto is an opportunity, crypto is freedom," Okoro declared. "I personally believe that crypto in Africa is one of the greatest expressions of Satoshi's vision for Bitcoin. I believe Africa is an opportunity." His invitation at Consensus 2025 was simple: "Join us to build the future of Africa, not the future of crypto in Africa but the future of Africa." He suggested several ways to get involved, including partnering with Quidax, investing in African opportunities, or learning about the continent to contribute value and create opportunities. "As the saying goes, it takes a village to raise a child," Okoro concluded. "I believe it will take a village to connect Africa to the rest of the world and that process can start with everyone of us here and together we can build Africa's future." Distributed by APO Group on behalf of Quidax. About Quidax: Quidax is an African-founded cryptocurrency exchange ( that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading ( and gives fintechs the tools to offer cryptocurrency services to customers through a dedicated crypto API. Quidax was officially launched in 2018 and has customers in over 70 countries.
Zawya
26-03-2025
- Business
- Zawya
Tether and Quidax Collaborate to Drive Blockchain Education in Africa
Quidax ( Africa's leading crypto exchange ( has announced a strategic collaboration with Tether ( the largest company in the digital asset industry. This collaboration aims to enhance blockchain education in Africa by equipping users with knowledge about Bitcoin and stablecoins, starting in Nigeria and Ghana. Through this collaboration, Quidax ( and Tether aim to empower over 15,000 people and businesses with the knowledge to leverage digital assets. The collaboration will include financial literacy campaigns, thought leadership, interactive workshops, and community engagement efforts designed to equip users with the knowledge to navigate the digital asset ecosystem safely and effectively. 'With rising interest in digital assets across Africa, stablecoins like USDT ( provide a reliable way for people to store value and conduct business transactions with ease,' said Buchi Okoro, CEO of Quidax. 'Collaborating with Tether allows us to bridge the knowledge gap and drive broader education of cryptocurrency in a way that benefits everyday people.' USDT, a dollar-pegged stablecoin, plays a crucial role in financial inclusion by providing stability amid currency volatility and enabling seamless cross-border payments. With Africa emerging as a key player in the global crypto economy, this collaboration aligns with the region's growing demand for digital financial education. 'At Tether, we are committed to fostering financial education and empowering communities with the tools they need to navigate the digital economy. Africa is at the forefront of blockchain adoption, with Ghana and Nigeria among the most prominent emerging markets. Through this collaboration with Quidax, we aim to give individuals and businesses the knowledge to leverage digital assets consciously. By collaborating on financial education, we are laying a foundation for a more inclusive and accessible financial ecosystem.' said Paolo Ardoino, CEO of Tether. Quidax and Tether are working toward a more inclusive and empowered financial ecosystem in Africa by fostering financial literacy and expanding access to digital assets education. Distributed by APO Group on behalf of Quidax. About Quidax: Quidax is an African-founded cryptocurrency exchange ( that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to customers through a dedicated crypto API ( Quidax was officially launched in 2018 and has customers in more than 70 countries. About Tether: Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape, with a mission to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion and communication resilience, fosters economic growth, and empowers individuals and businesses. As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.
