The app is called CoinDCX Go, and the company plans to attract no less than 50 millions new users on the market. The cryptocurrencies available for trading with CoinDCX Go are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Chainlink (LINK), Ripple (XRP) and a bunch of other altcoins. All of them are available to trade in pairs with the Indian rupee.
In May 2020, the platform became partners with a well-known custodial service BitGo. From now on, BitGo offers CoinDCX Gp's clients a safe storage of their digital assets and insurance for the cases of unexpected situations. In addition, user's assets and data are protected using the technology of artificial intellect.
Earlier, CoinDCX managed to attract $3 millions of investments in the Series A funding round. The operator of well-known crypto exchange BitMEX was mentioned as one of the investors. Again, in May 2020, Polychain Capital and the venture company of Coinbase also funded CoinDCX. In December 2020, Block.one, of the EOS project's supporters, headed the funding round of CoinDCX, and helped the Indian exchange to get $13,9 funding.
These fundings helped CoinDCX to expand the list of their services and products, and CoinDCX Go was born as a result. This new product is interesting and promising for the crypto community, and we are definitely yet to hear a lot about it.