1 min. read
How Quidax Secures and Scales its Operations with Fireblocks
Benefits at a glance
Enabled Rapid Deployment
Fireblocks’ API-first platform let Quidax launch in days and streamline backend ops
Powered Product Innovation
Fireblocks lets Quidax launch new services fast and scale their ecosystem with sub-custody
Delivered Scalable Compliance
Our infrastructure supports Quidax in meeting complex, multi-country regulatory demands
Quidax is an African focused cryptocurrency exchange serving a growing demand for stable, efficient, and borderless financial systems. As local currency volatility impacts traditional banking, digital assets are fast becoming essential tools for wealth preservation.
As one of the first regulated crypto exchanges in Nigeria, Quidax offers a secure, user-friendly platform tailored to blockchain developers, crypto payment companies, and everyday traders. With features like competitive NGN/USDT rates and seamless fiat on/off ramps, Quidax is making it easier for Africans to access and move value globally.
With regulatory approval from Nigeria’s SEC and expansion into Ghana and Kenya on the horizon, Quidax is now navigating an increasingly complex regulatory environment—demanding infrastructure that is not just secure and scalable, but compliance-ready.
Laying the Foundation with an Infrastructure Overhaul
Quidax first partnered with Fireblocks in 2021 as they were looking to move beyond the limitations of their in-house blockchain infrastructure. At the time, the focus was on scalability and security—specifically, eliminating the operational drag caused by managing their own nodes and wallets, and securing customer assets against growing threats. Fireblocks offered a reliable foundation: MPC-based wallet architecture, seamless API integrations, and enterprise-grade controls that enabled Quidax to simplify backend operations and accelerate product development almost immediately.
One of the most impactful parts of the transition was how quickly it happened.
Building and deploying on Fireblocks was remarkably fast—just a matter of days—thanks to their clear documentation and our experienced team.
Once live, the platform enabled seamless wallet generation, secure transaction approvals, and real-time fund movement, all through Fireblocks’ API-first design.
Scaling Together: Powering Growth Through Regulatory Complexity
Now, as Quidax expands across Africa, and with regulatory frameworks being implemented across the continent, the complexity of operating in multiple jurisdictions has grown substantially. Fireblocks remains central to their strategy, but the focus has evolved: from scaling infrastructure to enabling compliance and regulatory readiness at scale.
Fireblocks provides a comprehensive security and governance layer that allows Quidax to confidently navigate new markets. Its multi-layer security architecture, which includes MPC wallets, policy controls, and insured asset protection, forms the backbone of Quidax’s digital asset custody. Seamless integration with compliance tools—including Chainalysis—enables automated monitoring of on-chain activity, ensuring they remain ahead of evolving regulatory requirements.
As Quidax works more closely with banks and regulators across Africa, Fireblocks’ infrastructure helps instill trust—not only among institutional stakeholders, but also with end users. This is especially important as regulatory expectations mature and as the platform expands its services. The ability to demonstrate secure custody, real-time oversight, and adherence to local compliance standards is now a prerequisite for growth.
Beyond infrastructure and compliance, Fireblocks is also enabling product innovation. Quidax can now launch staking services, support for new tokens, and roll out stablecoins—such as cNGN, which was automatically supported through Fireblocks upon release—without requiring backend overhauls. This operational agility ensures Quidax can respond quickly to both market demand and regulatory developments.
Together, Fireblocks and Quidax have also developed a joint sub-custody proposition, leveraging Quidax’s license and Fireblocks’ technology to help fintechs across the continent accelerate their time to market. This collaboration allows emerging platforms to offer compliant crypto services without needing to build infrastructure from scratch—further extending Quidax’s reach as a foundational player in Africa’s evolving digital asset landscape.
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