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- India’s prominent cryptocurrency exchange platform CoinDCX has collaborated with OKEx, which is the top trading platform around the globe.
- OKEx entering the Indian market, it has placed the hands-on largest liquidity in one of the faster-growing economies.
- The CEO of CoinDCX Sumit Gupta believes the cryptocurrency markets have the huge potential to steer the economic growth in India
India’s prominent cryptocurrency exchange platform CoinDCX has collaborated with OKEx, which is the top trading platform around the globe. The collaboration is mainly focused on a cryptocurrency exchange for futures and derivatives.
With OKEx entering the Indian market, it has placed the hands-on largest liquidity in one of the faster-growing economies. CoinDCX will also have the added advantage of using OKEx extensive products to reach the current market with higher standards.
The collaboration came into the light along with CoinDCX’s new DCXFuture with up to 15X leverage trading on selected leading digital assets and future contracts, which includes BTC, ETH, XRP, BCH, LTC, EOS, ADA, and TRX.
The Indian market has observed increased growth of future trading in the Indian market of cryptocurrency, with this advantage in the market the new collaboration plans to bring out specially curated and innovative products with unmatched market liquidity.
Sumit Gupta Vision
The CEO of CoinDCX Sumit Gupta believes the cryptocurrency markets have the huge potential to steer the economic growth in India, and the new collaboration now will make India leap into the $5 Trillion Club soon.
The partnership will also place both the companies on a global level and set high standards for the mutual development of both the companies.
OKEx will use insights from CoinDCX to tap into the expanding crypto market of India to further analyze the trends and provide necessary supplements to aid the growth furthermore. The Indian market place has seen a rise in crypto users amidst the confusion of whether the crypto is banned or not by the government.
Zac Zou, head of the Indian division of OKEx, said India has one of the largest economies and is now the pivot driving force behind the mass adoption of cryptocurrency. This is why the new collaboration on the platform is bringing newer sets of exchange pairs to the market.
DCXFutures has negligible maker fees of 0.2%, substantial liquidity, high-level risk management, and a super-efficient trading engine, DCXFutures will also allow users access to direct future contracts, inverse contracts, and perpetual contracts.
