# Quidax

Quidax is an Asset Manager based in Lagos, Nigeria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lagos, Nigeria
- **Region:** Africa
- **Address:** Lagos, Nigeria
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** quidax.com
- **LinkedIn:** https://www.linkedin.com/company/quidax

## Regulatory record

- **Reports private funds:** No

## About

Quidax offers a mobile application for buying and selling cryptocurrency with local currency. The platform provides various features, including cards, USD savings, QDX tokens, QDX vault, instant swap, order book, and self-service listing. Founded in 2016, Quidax is based in Toronto, Canada.

## Sectors

- FinTech
- Digital Assets

## People

- Buchi Okoro — Co-Founder & CEO

## Questions

### Who runs investment decisions at Quidax?

Operational and strategic direction is led by Co-Founder and CEO Buchi Okoro. Quidax is an exchange and infrastructure provider, not an internally managed fund—it does not run a proprietary investment book on behalf of the company or external LPs. Asset-listing and treasury decisions are made by the executive team in accordance with the firm's risk framework and regulatory obligations.

### How does Quidax source revenue and what does its balance-sheet structure look like?

Revenue derives from trading fees on the spot exchange, spreads on the OTC desk, and fees from the white-label API product. Quidax does not publicly disclose detailed financials or balance-sheet composition. The firm raised $3.25 million in disclosed seed funding from Africa-focused and crypto-native venture investors, though total historical fundraising is not consolidated in a single public filing.

### What investment stages does Quidax typically target?

Quidax does not invest in external companies as a core function. Its primary activity is operating a trading venue and providing crypto-as-a-service infrastructure. Any venture investments made by the firm or its principals are not detailed in its official communications.

### How is Quidax regulated in Nigeria and other operating regions?

In August 2024, Quidax received a provisional operating license from the Nigerian SEC under the Accelerated Regulatory Incubation Program for digital-asset service providers (per the Nigerian SEC, August 2024). Its compliance posture in Kenya and Ghana operates under each market's prevailing digital-payments and fintech regulatory regimes, though no equivalent securities-regulator license has been publicly confirmed in those jurisdictions.

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- [TreasurySpring](https://altss.com/profile/treasuryspring)
- [Candex](https://altss.com/profile/candex)

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Last updated: 2026-06-03T20:00:00.000Z

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