India crypto exchange platform CoinDCX has recently launched a new app catering to the Indian crypto market. CoinDCX has launched CoinDCX Go with an aim to on-board 50 million new Indian crypto investors to its platform.
CoinDCX allows users in India to buy and sell over 200+ cryptocurrencies on its platform using INR. As reported by the Mint, the intention behind launching CoinDCX Go is because the company’s founders Sumita Gupta and Neeraj Khandelwal understand the pulse of millennial and GenZ investors who are seeking secure and convenient ways to invest in cryptos. Through a joint-survey, the company had discovered that 60% of Indian investors had found cryptocurrency investment to be “extremely challenging”.
According to the CEO and Co-Founder Gupta, using CoinDCX Go investors can purchase 14 top-notch cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Binance Coin, Litecoin, and Ripple among others in small denominations, in as little time as finishing a “cup of coffee.” The app is targeting investors in the age group of 22–45 with an aim of resolving their pain points. With CoinDCX Go, users will have a better ability to make informed crypto investment decisions and provide users with better accessibility to enter the crypto market.
India’s population exceeds 1.3 billion, but only 0.5% i.e. 6 million Indians have entered the crypto sphere.
Innovations as such are playing a major role in removing the fear of technology and the fear of investing in emerging crypto space.
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