CoinDCX, India’s largest cryptocurrency exchange, announced that Insta (formerly known as DCXInsta), a fiat-crypto buy/sell product has completed two years today and reported a 38% month-over-month in growth in the same time period. Insta, that allows investors to trade in Rs, has become India’s most trusted and busiest fiat-crypto buy/sell product.
Insta, CoinDCX’s was launched on 15 August 2018, and has grown. With the help of this platform users can purchase 100+ cryptocurrencies for as little as Rs 10 instantly, at competitive prices with close to zero deposit and withdrawal fees through CoinDCX’s proprietary liquidity aggregation model. Funds on Insta are also protected through CoinDCX’s best-in-industry security measures.
Commenting on the milestone Sumit Gupta, CEO and co-founder of CoinDCX said: “When my Co-founder Neeraj and I started CoinDCX, we believed that cryptocurrencies can present unprecedented benefits to every consumer and that digital assets will serve as the future of finance. In order to fulfill our dream of democratising access to this new asset class, we created Insta to allow Indian users to trade crypto seamlessly and in one place. Today, we are proud to announce that Insta has become our most essential product, achieving 62 percent month-on-month growth following the Supreme Court Verdict. The past months have shown us that crypto has a future in India, and can unlock vast economic opportunities and benefits for the nation as a whole. With more Indians interested in participating in the global crypto economy following the Supreme Court lifting of the banking ban in India in March, a reliable on-ramp and off-ramp solution is key to our goal of pioneering national crypto adoption and industry development.”