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Eyes 50M for New Users: India’s Prominent Crypto Exchange Introduces the User-Friendly App

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Vandana Mrigwani Follow

INDIA

Jan, 26 2021

Jan, 26 2021

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It is on the request to crypto beginners; CoinDCX Go lets the users handle minor quantities of 14 of the industry's highest assets.

India’s leading cryptocurrency exchange, CoinDCX, has launched a new app envisioned to style it relaxed to buy and sell the Bitcoin and other highest digital assets in an application to capture 50 million new users.


As per the press release on Tuesday, the exchange’s app subscription, CoinDCX Go, makes available newcomers to the cryptocurrency space a “fast check-in check-out trading practice.


The app is stated to be supported by artificial intelligence grounded anti-money laundering algorithms, even though users’ funds are safe and insured by global guardian BitGo, a company spokesperson told CoinDesk by sending an email to the concerned person.

CoinDCX Go agree to send it to the users to trade smaller denominations on 14 of the industry’s important assets together with ether (ETH, -13.1%), Bitcoin (BTC, -10.8%), bitcoin cash (BCH, -13.3%), litecoin (LTC, -6.47%) or with the Binance coin.


The main show is to style users see advantages in the industry by consideration to details, stated by Sumit Gupta the CEO of CoinDCX. It can be upkeep on technical matters and will be provided “around the clock,” Gupta further.


The exchange told by CoinDCX Go was looked on after it had led a joint survey discovering almost 60% of Indians bring into being cryptocurrency investing “tremendously challenging.”


To date, India’s residents exceed 1.3 billion, with a division of that – around 0.5% – having participated in cryptocurrency, CoinDCX stated.


As part of the reply to the survey’s results, the novice-friendly trading app sorts a user interface that aims to initiate a “new breed of first-time users.” The app does not at this time charge fees on deposit and taking away.

*Source: https://www.coindesk.com/india-coindcx-exchange-cryptocurrency


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Vandana Mrigwani

CBW - External Analyst

INDIA

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