Tuesday, July 2, 2024

CoinDCX Launches India’s First INR-Friendly Web3 Mode, Offering Access to 50,000+ Tokens

Key Highlights:

1. Early Access to High-Growth Investments: Users can invest in promising tokens before they hit broader markets.

2. Unified Deposit and Withdrawal: Easy transfer of funds between traditional CoinDCX wallets and Web3 Mode, promoting seamless trading.

3. INR On-Ramp: Users can buy popular tokens like ETH, Matic, USDT, and USDC using INR and transfer them to Web3 Mode for further investment.

4. Community Rewards: CoinDCX will airdrop points to its 1.5 crore users based on their transaction history as a thank you gesture.


Mumbai, July 01, 2024: CoinDCX, the largest crypto exchange in India,  has introduced a new Web3 Mode within its app, providing Indian investors with a simplified way to access Web3 investments. This new feature allows CoinDCX's 1.5 crore users to explore and invest in over 50,000 DeFi tokens, including emerging and pre-launch tokens from popular ecosystems like Solana, Binance Smart Chain, and Polygon.

Users will now have access to  emerging, trending, and pre-launch tokens from large and developing ecosystems such as Base, Solana, Binance Smart Chain, Polygon, and 10 more chains. The introduction of Web3 Mode facilitates easy access to Web3 with a straightforward INR on-ramp. Users can buy tokens like ETH, Matic, USDT, USDC, and more through the conventional CoinDCX app using INR, and transfer them to Web3 Mode for purchasing assets within Web3.

Sumit Gupta, Co-founder of CoinDCX, stated, "Our vision is to make Web3 accessible to everyone. With the new Web3 Mode, we aim to be the world's leading all-in-one Web3 app, combining the convenience of centralized exchanges with the innovation of DeFi."

This new initiative positions CoinDCX as a comprehensive platform for all Web3 needs, addressing major customer challenges in the evolving Web3 landscape.

About CoinDCX

Established in 2018, CoinDCX is India’s largest exchange trusted by over 1.5 crore registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets. Being the first FIU-registered entity, we prioritize user safety and security, strictly adhering to KYC and AML guidelines.

Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. 

At CoinDCX, we are leading India towards the decentralized future of Web3 with an unwavering commitment to safety, simplicity, and education. After launching a self-custodial MPC technology-backed Okto Wallet in 2023, CoinDCX has leveled up chain abstraction by building a fully expressive orchestration layer to onboard the next billion on Web3.

CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures. 

No comments: