CoinDCX, a prominent player in the cryptocurrency exchange market, has recently bolstered its platform with a new Web3 Mode aimed at streamlining the process for users to purchase digital assets using Indian Rupees (INR). This enhancement is a significant leap forward in simplifying blockchain-based crypto trading and providing a seamless user experience.
With the integration of this Web3 feature, CoinDCX has opened the gateway to a vast array of over 50,000 DeFi tokens from a multitude of blockchain networks, including Solana, Polygon, Base, and Binance Smart Chain. This development empowers users with the ability to transact in familiar fiat currency, INR, to acquire popular digital assets such as Ethereum, MATIC, Tether, and USD Coin directly through the CoinDCX app.
CoinDCX’s strategic move also includes the introduction of a unified deposit and withdrawal system, which is designed to facilitate a frictionless transfer of funds between user accounts and the Web3 platform. This system underscores the exchange’s commitment to ensuring both ease of use and accessibility in the evolving digital asset space.
In alignment with the launch, Neeraj Khandelwal, Co-founder of CoinDCX, stressed the significance of simplifying access to Web3 technologies. The new system is powered by Okto Chain technology, which aims to remove technological barriers and foster widespread adoption of Web3 services.
Additional incentives such as a points airdrop have been announced by CoinDCX, targeting current users to engage with the new feature. This initiative is set to reward the loyalty and active involvement of its users based on their past transactions, potentially boosting the platform’s engagement and overall growth.
CoinDCX’s dedication to innovating and diversifying its services is further evident through its recent launch of CoinDCX Prime. This service caters to the sophisticated needs of high-net-worth individuals, family offices, and institutional investors by offering tailored investment options.
Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX has rapidly become a leading force in the cryptocurrency exchange arena, serving more than 1.5 million customers. The platform’s focus has consistently been on providing a safe and secure entry point into Web3 activities and digital asset investments.
CoinDCX’s trailblazing journey reached a milestone in 2021 when it became India’s first crypto unicorn following a US$90 million funding round led by a list of reputable investors such as B Capital Group, Coinbase Ventures, and Pantera. These strides are indicative of CoinDCX’s successful efforts in strengthening the country’s position in the global cryptocurrency landscape.
Lastly, CoinDCDB has taken considerable steps to ensure heightened security for their customer’s cryptocurrency transactions by investing in KoinX, a tax platform. They’re also harboring ambitious plans to launch their blockchain, targeting the promotion of DeFi adoption across India, underscoring their commitment to the advancement and integration of cryptocurrency in the mainstream financial environment. With these developments, CoinDCX continues to position itself at the forefront of the digital finance revolution, enabling more users to confidently navigate the intricate world of cryptocurrencies.
