Quidax has officially launched its most significant platform update to date, Quidax 3.0. The comprehensive overhaul, which began rolling out today, represents the exchange’s biggest transformation since its inception, promising to revolutionize how users interact with digital assets.
The Dawn of Quidax 3.0
The new Quidax experience marks a pivotal moment for one of Nigeria’s leading cryptocurrency exchanges. According to the company, this isn’t just an update, it’s a complete reimagining of their platform based on extensive user feedback and future-focused development.
“This new Quidax experience is our biggest update yet,” the company stated in their official announcement. “It is the first step towards giving you all the features you asked for. It is also the beginning of more features to come. We created it for where your crypto journey is going, not just where you are now.”
Revolutionary Features on the Horizon
While the platform launches today with immediate improvements, Quidax has outlined an ambitious roadmap of features that will be introduced in the coming weeks and months:
Coming Soon Features:
- Futures Trading: Advanced trading capabilities for experienced traders
- Margin Trading: Leveraged trading options for enhanced profit potential
- Loan Services: Cryptocurrency-backed lending solutions
- Expanded Earn Program: Starting with USDT, with plans to add more cryptocurrencies
Immediate Platform Enhancements
Users logging into Quidax 3.0 today will experience several immediate improvements:
Enhanced Trading Experience
The platform’s Instant Swap feature has been significantly upgraded, allowing users to swap assets in seconds with dramatically improved performance. The Order Book (Spot Trading) system now operates faster and more reliably, giving traders greater control over their trading strategies.
Revolutionary “Earn” Feature
Perhaps the most significant immediate change is the transformation of USD Savings into the new “Earn” feature. This represents a fundamental shift in how users can grow their cryptocurrency holdings:
- All USD balances will be automatically converted to USDT at a 1:1 ratio based on current market rates
- Users with at least 5 USDT in their wallet will earn an impressive 10% annual interest
- The feature consolidates multiple savings plans into one streamlined USDT wallet
Lightning-Fast Fiat Transactions
Naira deposits and withdrawals have been revolutionized with instant processing capabilities. Users can now expect funds to appear in their accounts within seconds, a significant improvement over traditional banking timeframes.
Enhanced Security Measures
In line with regulatory requirements and user security, Quidax 3.0 introduces an upgraded KYC (Know Your Customer) process that now includes Bank Verification Number (BVN) verification. This additional security layer ensures that only verified users can access withdrawal functions, providing an extra layer of protection for user assets.
What’s Changing and What’s Not
Preserved Elements
- All existing crypto balances and wallet addresses remain intact
- Current usernames (QUsernames) will be migrated automatically
- Complete transaction history will be available (with full history restored within two weeks)
- All existing wallets will be maintained in the new application
Temporary Pauses
Several features will be temporarily unavailable during the initial launch phase:
- Internal transfers between users
- Referral bonus programs
- Pocket App deposits and withdrawals
- QDX staking functionality
- Sign-up bonuses (paused effective June 30, 2025)
However, Quidax has assured users that these features will return with enhancements in future updates.
The QDX Token Evolution
The Quidax native token (QDX) continues to play a central role in the ecosystem, though QDX staking has been temporarily paused. Notably, QDX has expanded its presence by securing listings on major exchanges MEXC and Weex, providing users with additional trading opportunities and liquidity options.
User Migration and Support
The company has implemented a comprehensive support system to ensure a smooth transition for all users. The migration process includes:
- Automatic closure of all open orders (users will need to recreate them manually)
- Release of any locked funds back to user wallets
- Full preservation of transaction history (limited to 6 months from the time of checking)
- 24/7 support through in-app live chat, email, and social media channels
Industry Impact and Future Outlook
This launch positions Quidax as a forward-thinking leader in the Nigerian cryptocurrency space. The platform’s evolution from a simple exchange to a comprehensive financial services provider reflects the growing maturity of the African crypto market.
The introduction of features like futures trading and margin trading will likely attract more sophisticated traders to the platform, while the enhanced Earn program provides compelling reasons for users to hold their assets on the exchange.
A New Era Begins
As Quidax 3.0 officially launches today, it represents more than just a platform update , it’s a statement of intent for the future of cryptocurrency trading in Nigeria and beyond. With promises of more features to come and a clear focus on user experience, Quidax is positioning itself at the forefront of the next generation of cryptocurrency exchanges.
The company’s commitment to “leaving no one behind in this upgrade” demonstrates their dedication to their existing user base while simultaneously preparing for significant growth and expansion.
Users are encouraged to explore the new platform and take advantage of the enhanced features, particularly the new Earn program offering 10% annual interest on USDT holdings. As the cryptocurrency landscape continues to evolve, Quidax 3.0 appears well-positioned to lead the charge in providing innovative, user-centric financial services.
Enjoyed this story?
Stay ahead of the curve with Africa’s top crypto headlines, market insights, and Web3 analysis, delivered every week.
