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OKEx Enters India with Peer-to-Peer Crypto Trading Platform

OKEx Enters India with Peer-to-Peer Crypto Trading Platform

The international crypto alternate and buying and selling platform, OKEx has launched a P2P crypto buying and selling platform on this planet’s second most populous nation with big untapped market potential. Targeting the crypto neighborhood in India, the brand new platform permits customers to buy cryptocurrencies with INR at zero transaction charges.

Initially, the OKEx P2P buying and selling platform gives Bitcoin and USDT pairs for INR, which can be quickly adopted by the inclusion of different main cryptocurrencies. The platform goals to make shopping for and buying and selling cryptocurrencies simpler by supporting all main cost strategies together with UPI, IMPS and NEFT. A mix of lowest value, deep market, fast KYC course of and a number of cost strategies makes the platform very engaging to each current in addition to aspiring crypto traders in a rustic with over 1.three billion inhabitants.

The Indian crypto market continues to be at its nascent levels with an estimated 5 million individuals proudly owning crypto belongings of any type. Even although the regulatory framework for cryptocurrencies lacks readability, latest developments resulting in the lifting of the crypto ban by the Reserve Bank of India led to a powerful rebound in commerce volumes throughout home exchanges. The latest CoinDCX knowledge means that the month-on-month BTC/INR volumes quickly after the ban was lifted elevated by 1031.4% whereas sustaining a 100% development ever since.

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India additionally has one of many largest remittance markets and lots of favor cryptocurrencies for cross-border remittance because of low transaction prices related to these digital belongings. All these components mixed with proactive steps taken by the Indian authorities in affiliation with the Reserve Bank of India and Securities and Exchange Board of India to handle the regulatory challenges confronted by the nation’s crypto traders make India a powerful market ready to be tapped by international in addition to home gamers.

“We all the time take note of the adjustments within the international crypto market and have nice confidence within the Indian market. With increasingly cryptocurrencies and initiatives with prime quality showing in India, we regard India as some of the vital incremental markets of the crypto and blockchain business,” stated Jay Hao, CEO of OKEx whereas explaining the corporate’s resolution.

He added, “ We consider that blockchain expertise will eradicate boundaries to transactions, and we’re dedicated to connecting Indian merchants to the worldwide crypto-trading market by offering a one-stop service for Indian merchants, together with spot and lots of sorts of derivatives. What’s extra, OKEx may even additional enhance the ecological structure in India and improve the buying and selling expertise of Indian customers. For instance, we’re about to launch the OTC desk in India quickly. Please keep tuned.”

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OKEx has additionally launched the “OKEx Welcomes India Quest” marketing campaign to mark its official launch in India. The marketing campaign began on August 5, 2020, and can go on until 23:59 IST on August 15, 2020, throughout which the corporate can be giving freely a complete of 30,000 USDT. Users can take part within the marketing campaign by finishing duties like signing up and buying and selling on the P2P platform, referring mates, posting on social media, and answering the day by day quiz.  Completion of every process will earn them factors, which serves as a voucher for the corresponding prize pool share.

The OKEx P2P buying and selling platform for India could be accessed right here – https://www.okex.com/p2p-markets/inr/buy-btc

Image by Jörg Peter from Pixabay

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