Quidax Product Update: XAF, XOF, Fixed Earn, Static NGN Accounts

African cryptocurrency exchange Quidax has introduced a set of product updates aimed at merchants and corporate clients, including support for two Central and West African currencies, a fixed-income savings tool, and new account and payment features.

The exchange said merchants can now hold and withdraw Central African CFA francs (XAF) and West African CFA francs (XOF) through the Quidax Business API. Withdrawals can be made directly to mobile money wallets in Cameroon and Côte d'Ivoire. Quidax noted that the CFA franc zone spans 14 countries and more than 180 million people, calling it an infrastructure milestone for some of the continent's more difficult payment corridors.

Quidax also launched Fixed Earn, a product allowing businesses and corporates to place idle funds into plans with a guaranteed yield of up to 7%. The company positioned the offering as a corporate treasury tool for hedging against inflation and currency volatility. Businesses can also lock up funds earmarked for future expenses such as vendor payments, payroll or quarterly settlements, earning stable passive income while keeping principal volatility risk low.

On its Ramp fiat-to-crypto on-ramp product, Quidax now offers static NGN accounts. Previously, each customer deposit generated a new virtual account number, which created tracking friction for recurring depositors. The new option assigns a single account number that customers can reuse for every naira deposit. The feature is available on request through an account manager.

Ramp users also gain market-specific markups, allowing merchants to set different pricing margins for each country in which they operate. Quidax said a single markup applied everywhere can hurt margins in one market while making prices uncompetitive in another. The update lets businesses tailor pricing based on local liquidity, FX conditions and competitive pressure.

Separately, Quidax's payment subsidiary Basqet added a Payment Link API. Businesses can now create static and dynamic payment links from their own systems instead of using the Basqet dashboard each time. Links generated through the API are trackable programmatically and still appear in the Basqet dashboard, maintaining a single source of truth. Quidax said the change is aimed at teams running custom checkouts, embedding payments into mobile apps, or building internal tools that issue payment links at scale.