Mumbai-based cryptocurrency exchange CoinDCX has unveiled its latest innovation with the introduction of Web3 Mode on its CoinDCX App, marking a significant enhancement in user experience within the evolving Web3 landscape.
This new integration positions CoinDCX as a comprehensive platform catering to all Web3-related needs, providing direct access for its 15 million users to over 50,000 DeFi tokens. By enabling early access to tokens not yet available on centralized exchanges, CoinDCX aims to empower its users to participate in potential high-growth investments before they reach broader markets.
Sumit Gupta, Co-founder of CoinDCX, expressed the company’s long-term vision to establish itself as the leading all-in-one Web3 app globally, combining the convenience of centralized exchange services with the innovative possibilities of DeFi.
Neeraj Khandelwal, co-founder of CoinDCX & Okto, emphasized that their introduction of Web3 Mode represents a crucial advancement in democratizing access to the Web3 economy. He highlighted the successful integration of chain abstraction through Okto Chain, simplifying user interactions across various blockchain networks.
Users can now discover and invest in emerging and pre-launch tokens across major ecosystems such as Base, Solana, Binance Smart Chain, Polygon, and more through the straightforward INR on-ramp facilitated by Web3 Mode. The platform allows users to purchase tokens like ETH, Matic, USDT, USDC, and others using INR via the conventional CoinDCX app, which can then be transferred seamlessly to Web3 Mode for further investments.
Furthermore, CoinDCX has implemented a unified deposit and withdrawal system that enables effortless fund transfers between traditional CoinDCX wallets and Web3 Mode, streamlining the overall user experience.
This launch underscores CoinDCX’s commitment to simplifying Web3 access and enhancing the investment and trading experience for millions of users across India, positioning itself as a pivotal player in the future of decentralized finance and blockchain technology.