After listing Yearn.Finance (YFI) token on Tuesday, Coinswitch Kuber is set to list nine more DeFi tokens paired with INR.
Several weeks since Coinswitch Kuber, a mobile based crypto exchange in India developed by Coinswitch launched, the exchange has added few crypto assets to its bouquet of offering. Users can trade on a closed orderbook exchange to quickly buy or sell crypto assets with INR on the app.
Coinswitch will be listing nine more DeFi tokens on the platform later today. The tokens listing on Kuber today are:
All of the above DeFi tokens can be traded with INR on Kuber after listing.
Decentralized Finance (DeFi) is the new and latest buzz in the blockchain and crypto world with DeFi tokens providing returns as much as 1000% in a span of days if not hours. Not to mention DeFi is also responsible for several losses, one of the most popular one is the rise and fall of YAM Finance where $750000 are locked and cannot be retrieved.
This however hasn’t been a dent on evolution of DeFi as both incumbents and new comers are creating a world where no intermediaries or regulators will be required for banking type transactions.
Eitherway, to get into DeFi with Centralized Indian rupees, Kuber can be one of the gateways.
Let us know in the comments below if you are into DeFi and what you think of its listing on Coinswitch Kuber.