CoinDCX Launches Web3 Mode To Make Crypto Purchases In INR Easier

OVERVIEW Users will have access to over 50,000 pre-launch, trending, and upcoming DeFi tokens thanks to the Web3 integration. Through the CoinDCX app, it will make it easier to buy and transfer tokens like Ethereum (ETH), MATIC, Tether (USDT), and USD Coin (USDC) in Indian rupees. In addition, CoinDCX has revealed a points airdrop to thank its current users.Moreover, the Web3 mode makes Web3 easily accessible through a simple INR on-ramp.

Through the traditional CoinDCX app, users can purchase tokens such as ETH, Matic, USDT, USDC, and more using INR. These tokens can then be transferred to Web3 Mode for the purpose of acquiring assets within Web3.Users will be able to access pre-launch and emerging tokens from big and developing ecosystems including Base, Solana, Binance Smart Chain, Polygon, and ten more chains via the Web3 mode. Moreover, the Web3 mode makes Web3 easily accessible through a simple INR on-ramp.On June 25, cryptocurrency market CoinDCX revealed that its app has integrated Web3 mode, allowing users to access over 50,000 decentralized tokens in an INR-friendly format. According to CoinDCX CEO and co-founder Sumit Gupta, 15 million customers of the exchange can now use Web3 more easily thanks to this connection.Users will be able to investigate and purchase coins that aren't currently listed on centralized exchanges using the Web3 method.The group has been attempting to delve further into Web3. We are adamant about our goal of making Web3 and cryptocurrency more approachable and available to all Indians.

This is significant to us since not many businesses or goods have that level of functionality worldwide. Making it is really difficult," Gupta said to Moneycontrol.Using its own SDK, Okto stack, CoinDCX was able to accomplish this integration, he claimed. With this integration, accessing Web3 offerings no longer requires 10 steps—just one click within the app. "We worked on the integration of this feature in the background for three to four months after we finished building it."