Cryptocurrency News

UNODAX Cryptocurrency Exchange Launched by Unocoin For Trading Multiple Assets

New Arrival Of 15 Different Tokens Making An Appearance On Unocoin

Unocoin leads India’s crypto-assets and blockchain technology, and they’ve pushed the industry even further with the addition of 15 new coins that will be available on their exchange. The project is essentially a mobile wallet, but it is used by millions of consumers that can transact with the use of bitcoin. Then Unocoin just announced the launch of a multi-crypto asset exchange platform called UNODAX, which will include the likes of popular coins BTC, ETH, LTC, XRP and more.

From the wallet, consumers can print out paper versions to import other bitcoin addresses or withdraw coins. This wallet is available on both Android and iOS smartphones for POS purchases. With Unocoin's UNODAX exchange, they are using the Maker-Taker model for fees and give bonuses of 0.3% for makers and 0.6% for takers.  They will also feature a live order book trading option.

In the pre-series for these additions to their platform, Unocoin has managed to raise $1.5 million, which has been funded by multiple investors like Mumbai Angels, Boost VC, and FundersClub. They also ranked within the top 20 out 350 companies in the Fintech 20: India list. In a Twitter post on May 26th, Unocoin said:

“#Unocoin introduced total 15 coins on their #exchange. Keep trading!”

Among the 15 added to the wallet, consumers will see the addition of Ethereum, Ripple, Litecoin, Dash, and Bitcoin. They aim to make the concept of trading with cryptocurrency simpler in India. However, with the recent restrictions by RBI, it may be hard to do any crypto transactions in India at all.

Consumers will have to wait and see how this crypto wallet is affected with the ban on the project.



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