Why Do So Many People Fall for Crypto Scams? Crypto scams have become increasingly sophisticated, preying on both new and experienced users. Losses have surged in recent years: 👇 🔹 2021: Over $14 billion lost, fueled by rug pulls and DeFi exploits. 🔹 2022: Hackers stole $3.8 billion, with DeFi bridges becoming prime targets. 🔹 2023: Romance scams and phishing attacks led to record-breaking fraud reports, $5.6 billion lost, a 45% increase from 2022. 🔹 2024: AI-generated deepfake scams tricked even seasoned investors, at least $9.9 billion lost, with estimates exceeding $12 billion. To help combat these risks, the Ndax Scam Detection Tool helps assess suspicious websites or platforms by identifying red flags such as unprofessional designs, missing contact information, or unrealistic promises. Stay informed and protect your assets. Check before you invest https://lnkd.in/g7c99az9 #cryptosafety
Ndax
Financial Services
Calgary, Alberta 22,930 followers
Buy, sell and stake cryptocurrencies in Canada. Instantly.
About us
In 2018, NDAX was launched as a secure, regulated and innovative cryptocurrency trading platform with a mission to empower everyone to participate and prosper in the modern digital economy. NDAX is democratizing crypto for everyone and empowering Canadians to buy, sell, trade, stake, and earn more from their digital assets, wherever they go. With low, transparent trading fees and the ability to trade digital assets in Canadian dollars, NDAX is designed to serve the needs of all Canadians, from first-time investors to advanced traders. NDAX has been recognized as one of Canada’s Best Workplaces by Great Place to Work®.
- Website
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https://www.ndax.io
External link for Ndax
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Calgary, Alberta
- Type
- Privately Held
- Founded
- 2018
- Specialties
- cryptocurrency, BTC to CAD, LTC to CAD, XRP to CAD, ADA to CAD, ETH to CAD, EOS to CAD, XLM to CAD, DOGE to CAD, Bitcoin, Litecoin, Ripple, Cardano, Ethereum, EOS, Stellar, Dogecoin, Investing, OTC, Over the counter, Digital Assets, Digital currency, Digital money, Global currency, trading, and Cryptocurrency exchange canada
Locations
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Primary
215 9 Ave SW
Calgary, Alberta T2P 1K3, CA
Employees at Ndax
Updates
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Interested in strategies that allow crypto holders to earn passive income by providing liquidity on DeFi platforms? Yield farming is another way crypto puts the power into the individuals hands. As always, we urge you to educate yourself before making any investments. #yieldfarming #cryptoinvestment
What Is Yield Farming, and How Does It Work?
Ndax on LinkedIn
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Stories to keep in mind moving into the week. #cryptonews
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Happy Family Day from our Ndax family to yours. #familyday
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What powers DeFi, SocialFi, and NFTs, and aims to be the first world computer for decentralized web services? #ICP decentralizes the internet with secure, fast applications using Chain-Key Cryptography and Canister smart contracts.
What Is The Internet Computer Protocol?
Ndax on LinkedIn
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The National Bank of Canada bought $2M worth of Bitcoin ETFS yesterday. Here's a little run down of how Canadian Banks have been appraoching crypto, and a look at how this compares to US Banks: 🔹 All six major Canadian banks have built holdings in U.S. Bitcoin ETFs since their launch in January 2024. 🔹 Bank of Montreal (BMO) holds the largest stake at $19.3 million CAD, followed by Scotiabank ($5 million CAD), RBC ($4.7 million CAD), and TD ($406,000 CAD). 🔹 Some of these holdings are client investments through brokerage platforms (e.g., National Bank, CIBC). 🔹 Bitcoin ETFs have pushed banks to take digital assets more seriously, despite historical reluctance. 🔹 Canadian regulators maintain a cautious stance, citing financial stability risks. OSFI is developing stricter disclosure rules, and new capital cost regulations for banks holding crypto took effect in January 2025. 🔹 Unlike U.S. banks, Canadian banks haven’t launched their own crypto products but are gradually increasing exposure. 🔹 Regulators and consumer protection groups warn about Bitcoin ETF risks, citing volatility, fraud concerns, and market manipulation. However, experts note ETFs reduce risks.
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Memecoins: A space driven by hype and community engagement. Are you familiar with these digital assets, which began as a lighthearted parody of Bitcoin but have since evolved into a unique sector of the crypto market? #memecoins #altcoins
What Are Meme Coins? A Beginner's Guide
Ndax on LinkedIn
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Last week's big hits. #cryptonews
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We often highlight the transparency and accessibility of cryptocurrency compared to traditional investments, and here's why: Unlike classic investment methods, crypto operates with complete visibility. Order books, which record every buy and sell transaction, are accessible to everyone. They offer valuable insights if you learn how to analyze them. #cryptotrader #blockchain
The Anatomy of an Order Book: Key Concepts Explained
Ndax on LinkedIn