Hong-Kong based popular payments and cryptocurrency platform crypto.com makes its way to India with a listing on Mumbai based CoinDCX exchange. Some of you may recognise crypto.com from the “Time for plan Bitcoin” ads on bill boards, buses and trains.
Launched in 2016, boasting over a million users, Crypto.com provides several services like a steel crypto debit card in certain countries, the ability to earn interest on crypto holdings, a fiat based loan with crypto as collateral and rewards for paying with crypto or the card on its platform.
CoinDCX exchange provides the ability to users to trade cryptocurrencies listed on exchanges like Huobi, Binance, etc taking the advantage of the liquidity on these exchanges. At the same time, the exchange provides platform to buy and sell several cryptocurrencies with INR to Indian users. The exchange has over 230 coins listed.
CoinDCX’s Neeraj Khandelwal says there is a need to provide users with an extensive range of crypto-based financial services that can ensure the faster, simpler, and uninterrupted flow of capital. The integration with Crypto.com brings them closer to their vision of providing cryptocurrencies and financial services to 50 Million users in India, he adds.
Trading Competitions, Listing Schedule and more
The MCO token will start trading on CoinDCX from April 14, 2020 12:00 PM. The deposits start on April 10 at 7:00 PM.
The exchange has planned an exclusive AMA with the CEO of Crypto.com Kris Marszalek next week.
A three day trading competition starts on April 15, users can look forward to several rewards.
The Crypto.com mobile app announced support for Indian users in March.
Update: There was an error in MCO listing which was removed upon request.
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