From 6PM today, investors trading on CoinDCX, India’s largest and safest cryptocurrency exchange and liquidity aggregator, will be able to avail another brand-new cryptocurrency. CRO, a token of Hong Kong based firm Crypto.com will be traded in two pairs; one with BTC and the other with INR. Hence, investors will be able to buy or sell these tokens in exchange of Bitcoin or Indian Rupee. Following the successful listing of the MCO token on CoinDCX earlier this month, the CRO listing marks Hong Kong-based Crypto.com’s official entrance into the Indian market. With the integration of MCO and CRO onto the CoinDCX exchange, CoinDCX bolsters its crypto-based financial services offering, fulfilling its vision of building a trust less, borderless, and all-inclusive crypto ecosystem.
Speaking on the listing, Sumit Gupta, CEO & Co-founder of CoinDCX said: “At a time when we are witnessing unprecedented growth in the use of cryptocurrencies in India, there is a need to provide users with an extensive range of crypto-based financial services that can ensure the faster, simpler, and uninterrupted flow of capital. We are thrilled that CRO is entering India, through our platform, which will help nearly 1.3 billion people in crypto trade CRO through INR. This is also an amazing opportunity for us to encourage more people to enter the crypto market through our ongoing #TryCrypto initiative.”“By using CRO as an intermediary currency on the Crypto.com Chain, participants — customers, merchants, crypto customer acquirers, and merchant acquirers — can convert their cryptocurrencies to their fiat counterparts at a much-reduced cost,” said Neeraj Khandelwal, Co-founder of CoinDCX. “The combination of MCO and CRO creates a full-service, global system that encourages the adoption of cryptocurrencies that is inspired by real-life use cases.”
