Despite quite a dire situation with recent crypto-related bans in India, a lot of people still want to trade cryptocurrencies. And if there is a demand, there will be an offer, as Sumit Gupta, the founder and CEO of a new cryptocurrency exchange Coindcx, shows us. While other exchanges are consolidating their audience to turn the tide with their petition to Reserve Bank of India, Coindcx team is hard at work launching their platform for the customers.
According to Gupta. Coindcx will enable Indian residents to trade more than 30 digital asset pairs with 0.1% trading fee. Gupta goes on to say that the move to open trading during this unfortunate period of regulations clamping down on other exchanges was deliberate. Coindcx launches to provide the Indian blockchain community with a way to save their funds and not to sell at loss.
“You don’t have to get rid of your investment while the market is down, don’t sell at loss. Simply move your cryptos to Coindcx, where you’ll be able to enjoy faster deposits, lower trading fees, 30+ trading pairs, and the most intuitive platform, all without touching fiat currency (INR),” Gupta details.
The platform aims at providing the most comfortable experience to the mainstream customers, so even if there would be no way to offload the crypto account to fiat after banks close down on crypto exchanges, the users still are able to check prices, trading pairs and exchnage rates in Indian Rupees to provide a clear reference for a real-world money.