Indian exchange Koinex announced last week that it is delighted to announce the commencement of crypto-to-crypto trading on its platform, elaborating that the company is going live with not just one or two crypto-crypto pairs but with a total of 15 token pairs. This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading fees will be zero.
The exchange then announced on Saturday the addition of 8 more crypto-to-crypto trading pairs, set to go live on Saturday night.
Koinex currently has 19 coins listed for trading against the Indian rupee. According to Coinmarketcap its 24-hour trading volume for all cryptocurrencies is approximately $5.9 million. For crypto-to-crypto trading, there are nine bitcoin trading pairs, six ether, and eight ripple –a total of 23. Bitcoin and ether trading pairs are already live and ripple pairs are set to go live on Saturday night, the exchange clarified.
The tokens available in the bitcoin market will be ethereum (ETH/BTC), litecoin (LTC/BTC), TRON (TRX/BTC), ripple (XRP/BTC), omisego (OMG/BTC), bitcoin cash (BCH/BTC), EOS (EOS/BTC), nucleus vision (NCASH/BTC), and request (REQ/BTC).
For the ether market, in addition to BTC, the exchange is offering trading pairs for BCH, TRX, XRP, OMG, EOS, and NCASH. For the ripple market, customers can trade BTC as well as LTC, TRX, EOS, OMG, REQ, NCASH, AE (aeternity), and GNT (golem).