Locally licensed crypto platform PDAX partnered with Coinbase Wallet and Base to enhance cryptocurrency adoption in the Philippines by providing users with access to a self-custody wallet and decentralized finance (DeFi) applications.
What’s the significance: The partnership will enable crypto traders in the Philippines to gain greater control over their assets, access a wider range of tokens, and enjoy lower transaction fees and faster transactions through Coinbase Wallet and the Base network.
Key details:
- PDAX, a regulated Philippine crypto exchange, partners with Coinbase Wallet to enhance onchain adoption in the Philippines.
- Partnership perks:
- PDAX customers gain access to Coinbase Wallet, a self-custody wallet with full control over crypto assets.
- Users can explore thousands of tokens, decentralized finance (DeFi), NFTs, and other onchain applications.
- Integration with Base network enables transactions with low fees (under 1 cent) and quick speeds.
Key quote:
“Our vision is to build a global onchain economy with people, builders, and businesses creating the next generation of the open internet. To achieve this vision, we know that getting onchain needs to be easy and fast, and we’re focused on making Coinbase Wallet dead simple to use. We’re glad to integrate Coinbase Wallet within PDAX to make getting onchain more accessible to anyone in the Philippines.”
Jesse Pollak, Base, Creator
PDAX CEO Nichel Gaba also highlights their aim to make digital assets more accessible, secure, and beneficial to Filipinos.
- He noted that the “collaboration underscores our commitment to making digital assets more accessible, secure, and beneficial to Filipinos, empowering them to take charge of their financial future.”
The numbers: PDAX currently has over 2.7 million users and offers more than 100 digital assets.
How it works: PDAX users can access Coinbase Wallet and use it as a hub for managing, trading, and engaging with onchain activities, including NFTs and DeFi.
Coinbase Wallet is a self-custody cryptocurrency wallet developed by Coinbase. Unlike wallets that are custodial (where the exchange holds the private keys), Coinbase Wallet allows users to fully control their digital assets by holding their own private keys.
Between the lines: The partnership is a strategic move to accelerate crypto adoption in the Philippines, a growing market for blockchain and digital asset solutions in Southeast Asia.
What’s next: Both companies expressed their goal to provide education and tools for users to thrive onchain in the Philippines.
Worth reading: Last year, BitPinas was able to sit down with Base creator Jesse Pollack for an interview exploring his vision for Base, its strategy in competing with other blockchains and AI, and why the platform is making significant investments in the Philippines.
This article is published on BitPinas: PDAX Partners with Coinbase Wallet and Base to Expand Onchain Access for Filipinos
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