Global Crypto Exchange OKEx Partners with India-based CoinDCX
CoinDCX also announced the launch of its new DCXfutures product. The product meets demands that have increased for access to Futures, Options, and higher leverage trading in India’s market.
A maximum of 15x leverage trading for renowned cryptos like BTC, ETH, XRP, BCH, LTC, EOS, ADA, and TRX will be available with DCXfutures.
The Collaboration Benefits
CoinDCX CEO and co-founder Sumit Gupta stated that the exchange believes that this collaboration will make the country one of the fastest-growing economies globally based on the huge potential of the crypto market to accelerate economic growth and generate wealth. He went on to say that it would offer new opportunities and address new challenges.
Currently, one can only access the DCXfutures option through invitation. The public will access DCXfutures from the second quarter of this year, according to a press statement.
OKEx India head Zac Zou spoke of India’s potential to accelerate crypto adoption exponentially. He said the country could stimulate mass adoption of cryptos, which is why exchanges’ efforts to add fairer currencies to the domain.
Beforehand, Malta-based exchange, Binance announced an integration of its P2P trading platform with a top cryptocurrency exchange in India, WazirX.
Partnerships with international exchanges and India keep increasing, showing that cryptocurrency’s regulatory domain seems somewhat positive in the country. Numerous unbanked populations in India can take advantage of exposure to digital assets.