P
PDAX
A digital currency exchange that enables trading and settlement against the Philippine Peso
About PDAX
PDAX, or Philippine Digital Asset Exchange, is a homegrown cryptocurrency exchange platform that allows Filipinos to trade a variety of cryptocurrencies directly with the Philippine Peso (PHP). The company operates in the digital asset market, serving a broad range of clients from beginners to experienced traders. PDAX's business model is centered on providing a user-friendly platform with deep liquidity, enabling users to buy and sell digital assets quickly and at competitive rates.
The platform supports a wide variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. This allows users to execute their trading strategies seamlessly using intuitive trading features. The company's unique selling proposition is its ability to allow users to trade directly with PHP, eliminating the need for conversion into USDT (Tether, a type of cryptocurrency) and thus saving on conversion fees and fluctuating spreads.
PDAX also offers consumer protection benefits as it is regulated and licensed by the Bangko Sentral ng Pilipinas, the country's central bank. This provides users with a reliable and secure platform for their transactions. The company also boasts of a supportive community of over 23,000 Filipinos who share news and insights on all things crypto.
In terms of revenue, PDAX makes money by charging transaction fees, although it emphasizes that these fees are minimal. The platform also allows users to start trading for as low as PHP 200, making it accessible to a wide range of investors.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Taguig, Philippines
- Employees
- 269
- Open positions
- 39
- Dealroom signal
- 87.0/100
- Industry
- Fintech
- Sub-industry
- Payments, Crypto and DeFi, Wealth Management
- Sector
- Fintech, Crypto Exchange, Crypto and Web3, Hard Tech, financial inclusion
- Technology
- Blockchain
- Client focus
- b2c
- Investment activity
- 1 company, latest Jun 2022
- Capital deployed
- $2M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Feb 2022 | $50M | $200M | Ripple · Beenext · Kingsway Capital · Draper Dragon | ↗ |
| EARLY VCOther financing | Aug 2021 | $13M | $50M | CMT Digital Ventures · OSL Group · Ripple Labs · UBX | — |
Growth signals
Latest recorded traffic for PDAX is 37K monthly website visits, down 21.3% over the last three months. PDAX's team grew 14% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A13 investors entered at this stage
CMT Digital Ventures
OSL Group
Ripple Labs
UBX
Beenext
Tiger Global
Ripple
Kingsway Capital
Draper Dragon
DG Lab Tokyo
Cadenza
Oak Drive Ventures
Jump Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PDAX on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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