Indian Crypto Exchange, CoinDCX, Launches User-Friendly Mobile Trading App
The cryptocurrency industry in India is one of the largest in the world. With a government that has relaxed its industry policies, many exchanges and crypto-based organizations are expected to grow in the country.
The largest crypto exchange in the country, CoinDCX, is trying to bring cryptocurrency trading and its adoption closer to the masses.
The exchange has launched a new mobile app called CoinDCX Go, which will remove many barriers investors and new entrants face in the crypto industry.
The crypto industry won a major battle when the Supreme Court of India ruled out the banking ban for crypto assets. Since then, there has been a high increase in the level of crypto-related activities in the country.
And with the sudden growth of most crypto assets, there will be many prospective Bitcoin investors looking to tap into the current market bull run. However, buying and selling cryptocurrencies has not been easy, a CoinDCX survey found out.
Indian market ready for a crypto explosion
The exchange said most of India's citizens say they are finding it difficult to invest in Bitcoin or other cryptocurrencies. The discouraging situation has been blamed on a lack of awareness, the lack of easy options, and the regulatory uncertainty tied to cryptocurrencies.
On a similar note, most people believe that Bitcoin investments are a viable alternative form of investment and would add Bitcoin to their portfolio.
The information available about the CoinDCX Go app explains that the new app will be very beneficial to the newcomers in the crypto space as it will provide a “quick check-in check-out trading experience.”
CoinDCX Go is fully supported by an anti-money laundering and artificial intelligence-based algorithm. Global custodian Bithttps://bitcoinexchangeguide.com/cryptocurrency-news/wallets/bitgo/Go will serve as the exchange’s custody for funds invested, making users’ funds safe in any circumstance.
CoinDCX Allows Denomination Trading
CoinDCX is one of the exchanges that are very friendly to newcomers in the crypto space. The exchange offers trading denomination for 14 of the industry’s top assets.
According to CoinDCX, the app has several benefits to users, including making the various technicalities simple and making crypto transactions simple, easy, and legal.
CoinDCX chief executive officer Sumit Gupta has commented on the launch of the new app. The main goal is to enable users to see benefits in the industry and encourage more crypto adoption, especially from the mainstream financial sector. He also said that users should not worry about technical details because the exchange will offer such support.
Support on technical issues will be provided “around the clock,” He reiterated.
Encouraging more Bitcoin adoption
India is undoubtedly a strong force when it comes to the cryptocurrency market, with a population that exceeds 1.3 billion. However, CoinDCX said only about 0.5% of this population has invested in cryptocurrency, which offers a huge market for the industry's growth.
CoinDXC hopes to use the new app to make it easy for new entrants into the market. Presently, the app doesn’t charge any deposit or withdrawal fees, unlike other similar apps in the industry.