NDAX announces soft launch of digital currency exchange with zero deposit fees, clients’ funds held in segregated Canadian bank account
Simplifying deposits and withdrawals for Canadians
A customizable state-of-the-art user interface (UI) will be available for all NDAX users upon the official launch, scheduled for early summer of 2018.
CALGARY, Alberta, May 31, 2018 (GLOBE NEWSWIRE) -- National Digital Asset Exchange Inc. (“NDAX”) is pleased to announce the soft launch of Canada’s newest and most advanced digital currency exchange. Users will feel secure knowing their Canadian dollars are deposited in a segregated bank account at a trusted Canadian banking institution. An introductory offer of zero deposit fees will be available to users for the remainder of 2018. The soft launch is a planned strategy to put NDAX’s platform through a stress test and identify areas of improvement before officially going live.
A Competitive Edge
NDAX offers a number of competitive advantages including: low trading and withdrawal fees, instant ID verification, institutional level security, deep liquidity for large transactions, and a large portfolio of coins. NDAX offers customers the ability to easily trade: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and many other coins, in and out of Canadian Dollars.
NDAX banking allows users to seamlessly fund their account, buy, sell, trade and withdraw funds in the fastest and most secure manner through its compliance to anti-money laundering and FINTRAC regulations. Expedited settlement options include: Interac e-Transfer, wire, bank draft, certified cheque and EFT/direct deposit.
Customers’ Canadian dollars are held in a segregated Canadian-based bank account. Customers’ digital assets are protected with multi-signature technology to provide security to clients' crypto assets, with 95-98% of the assets held in cold storage.
Registered as a Money Service Business (MSB) with FINTRAC, NDAX has implemented an anti-money laundering and counter-terrorist financing compliance regime that meets all requirements of applicable laws and regulations.
NDAX is headquartered in Calgary, Alberta, Canada. The firm’s core function serves as a digital asset exchange that offers a large portfolio of cryptocurrencies on a professional trading platform. Our mission is to provide individuals and institutions a world-class experience to buy, sell, trade and store digital assets in the most simple, secure, fast and affordable manner.
Corporate Communications Advisor
E: email protected
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7304e4b5-6af0-4002-bce9-1ff8d137d795