PDAX
Philippine Digital Asset Exchange (PDAX)
PDAX (Philippine Digital Asset Exchange) is a Philippine cryptocurrency exchange letting users buy, sell and trade Bitcoin, Ethereum, XRP and over 70 digital assets using the Philippine peso. It was among the first VASPs authorised by the Bangko Sentral ng Pilipinas (BSP), licensed in 2018, and is one of the few active registered exchanges in the country. It also powers GCrypto, GCash's crypto platform. Beyond the retail app it offers institutional services (PDAX Prime) and infrastructure for partners.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Customer type | Fintech, Platforms, Enterprise |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC |
| Regulator | Bangko Sentral ng Pilipinas (BSP) |
| Segment | B2C, B2B |
| MiCA / License status | BSP Virtual Asset Service Provider (Philippines) |
Strengths
- BSP-licensed VASP since 2018: among the most regulated crypto exchanges in the Philippines.
- Deeply local: peso on/off-ramp and infrastructure behind GCrypto (GCash).
- No notable sovereignty advantage documented.
Weaknesses
- Operations concentrated on the Philippines, with little relevance for European users.
- As a custodial exchange, assets are held by the platform.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Score 3.7/5, solid profile. In its favour: bSP-licensed VASP since 2018: among the most regulated crypto exchanges in the Philippines. The trade-off to weigh: operations concentrated on the Philippines, with little relevance for European users.
On the Sovereignty lens the score is 0.4/5 (weak): the strength is censorship resistance (1.5/5), while fund control (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is PDAX available in Italy?
No. PDAX is an exchange aimed at the Philippine market, with peso on/off-ramp and local KYC; it is not intended for European users.
Is PDAX regulated?
Yes. It is licensed by the Bangko Sentral ng Pilipinas (BSP) as a Virtual Asset Service Provider since 2018.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026
- bitpinas.com Data verified on Jul 17, 2026
- fintechnews.ph Data verified on Jul 17, 2026