In a major development for Indian crypto lovers, the country’s largest cryptocurrency exchange CoinDCX has launched Web3 mode on its app, allowing users to directly purchase cryptocurrencies using INR.
This update enables users to purchase Ethereum, Matic, USDT, and USDC directly in Indian Rupees through the CoinDCX application, providing access to over 50,000 DeFi tokens from chains like Solana, Polygon, and Binance Smart Chain.
The Web3 modeof CoinDCX makes it easy to buy tokens and transfer them because all transactions are made directly from the wallet. CoinDCX has also implemented a single deposit and withdrawal system to make the users’ experience more convenient for all its services.
Neeraj Khandelwal, the CoinDCX co-founder, emphasized the launch’s significance in democratizing Web3 access using Okto Chain’s orchestration layer for seamless cross-chain interactions and token swaps, simplifying blockchain complexity for users.
Besides, the Web3 mode release, CoinDCX has stated the Okto points airdrop to encourage user participation. This comes after launching CoinDCX Prime, an investment platform aimed at high-net-worth and institutional clients.
Launched in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX boasts of having over 15 million users and was recently recognized as India’s first crypto unicorn in 2021.
Supported by top investors such as B Capital Group and Coinbase Ventures, CoinDCX has been expanding its services, with the latest plans to create its blockchain and a token to drive DeFi adoption in India.
In the recent past, CoinDCX has shown its willingness to strengthen its security and improve the trading experience of the increasing number of users through its investment in KoinX.
CoinDCX’s introduction of the Web3 mode reflects a pivotal step towards enhancing accessibility and convenience for cryptocurrency investors in India.
Also Read: CoinDCX’s Okto to Launch Blockchain and OKTO Token
