No, the digital assets that you store on your PDAX account are not insured.
In general, cryptocurrency exchanges do not qualify for deposit insurance programs because they are not considered as savings institutions.
In the Philippines, the Bangko Sentral ng Pilipinas (BSP) explained that virtual currencies are not considered as deposits. As such, holders of virtual currencies cannot claim for deposit insurance from the Philippine Deposit Insurance Corporation (PDIC).
As an investor, you understand and agree that holding digital assets comes with inherent risks as the price and value of the assets that you hold are subject to market volatility. The prices may change rapidly and potentially cause great losses to you.
PDAX has no control over the pricing and valuation of digital assets, and will not be liable for any losses that you may incur in transacting, dealing, or exchanging your digital assets.
By signing up, you understand and agree that you are transacting in digital assets at your own risk. To learn more about BSP's recently released FAQs on virtual currencies, you can check it out here.