According to sources, BitMEX Ventures has invested in a crypto exchange licensed by the central bank of the Philippines.

The investment aims to help the Philippine Digital Asset Exchange (PDAX) to develop its cryptocurrency marketplace. The aim is to include other digital assets such as tokenized commodities, real estate equities, and debt securities.

BitMex Invests in PDAX

Hong Kong-based BitMex is a cryptocurrency exchange that offers contracts with credit support. The exchange only trades crypto-to-crypto and doesn’t accept fiat currencies.

The investment is welcomed by PDAX; CEO Nichel Gaba says the limited …

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