Indian Apex Web3 Body, Crypto Exchanges Push To Restore UPI Access
In a move to overcome regulatory obstacles in India’s crypto industry, CoinDCX and Koinex have announced a strategic merger. The partnership aims to promote the adoption of cryptocurrencies in the country by addressing the challenges faced by users due to regulatory uncertainties.
CoinDCX has entered into an agreement with Koinex to assist Koinex users after its closure. This collaboration ensures a smooth transition for one lakh existing Koinex users to access their assets through the CoinDCX platform. The objective is to establish a secure and transparent Virtual Digital Asset (VDA) ecosystem in India.
As India’s leading and FIU-compliant exchange, CoinDCX is committed to creating a secure and transparent VDA ecosystem in the country. The merger with Koinex demonstrates CoinDCX’s dedication to providing a robust platform for crypto enthusiasts while navigating regulatory challenges.
Seamless Transition Promised for Existing Koinex Users to Access Assets via CoinDCX
Existing Koinex users can expect a seamless transition process to access their assets through CoinDCX. The merger ensures a hassle-free experience as users move from one platform to another.
For users with existing CoinDCX accounts and matching KYC details, their assets will be automatically transferred to the CoinDCX platform. However, those requiring KYC verification or without matching details can easily onboard and gain access to their assets.
To provide personalized assistance and support, CoinDCX has established a dedicated customer support desk for Koinex users. This initiative aims to ensure a smooth and reassuring experience for users throughout the integration process.
CoinDCX Co-founder Emphasizes Support for Web3 Community and Empowerment of Users
Sumit Gupta, Co-founder of CoinDCX, highlights the company’s commitment to supporting the Web3 community and empowering users. Through initiatives like the merger with Koinex, CoinDCX aims to contribute to the growth and development of the crypto ecosystem in India.
The merger between CoinDCX and Koinex plays a significant role in promoting crypto adoption in India. By addressing the needs of Koinex users and navigating regulatory challenges, the merger paves the way for wider acceptance and usage of cryptocurrencies in the country.
CoinDCX remains open to further partnerships that add value for users and contribute to ecosystem growth. The company’s willingness to collaborate with other industry players reflects its dedication to driving innovation and expansion within India’s crypto landscape.
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