Electroneum lists on CoinDCX, India’s largest and safest crypto exchange

Electroneum lists on CoinDCX, India’s largest and safest crypto exchange

The UK-based cryptocurrency startup already has 120,000 app users in India

Following the March 2020 Central Bank of India (RBI) announcement lifting the banking ban on cryptocurrency, opening up one of the world's biggest markets and in response to a vast demand for ETN in that country, Electroneum announces its listing on CoinDCX, one of the nation's largest and most secure crypto exchanges.

The ETN/BTC and ETN/ETH pairs on CoinDCX are now live, and shortly after, the crypto exchange will announce the listing of the ETN/INR (Indian rupee) pair. Tomorrow, 11 June, CoinDCX and Electroneum kick-off a three-day ETN/BTC competition

"We are very excited about expanding our presence onto a crypto exchange based in India," said Electroneum CEO Richard Ells. "Many crypto enthusiasts in India have expressed their wish to see Electroneum listed on CoinDCX, saying it is the most popular and trustworthy crypto exchange in the country. "

The listing on CoinDCX is part of Electroneum's objective for further adoption of ETN in India, where the award-winning cryptocurrency already has almost 120,000 active app users. 

"At a time when we are witnessing unprecedented growth in the use of cryptocurrencies in India, we are excited to introduce users to great projects like Electroneum," said CoinDCX CEO Sumit Gupta. "Electroneum provides users with an easy way to integrate crypto into their daily lives. Similar to CoinDCX and our #TryCrypto initiative, Electroneum focuses on cryptocurrency adoption across the world, and we are happy to support them in their vision."

About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange by trading volume. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection. 

Its proprietary liquidity aggregation model provides its users with access to liquidity from leading global crypto exchanges, including Binance, HitBTC, and Huobi Global. Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by major firms, such as Coinbase Ventures, Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. CoinDCX offers users an integrated suite of products, including DCXTrade, allowing users to trade in more than 500 markets.

Earlier this year, CoinDCX committed US$1.3 million to its ambitious initiative called #TryCrypto, which aims to bring about the mass adoption of cryptocurrencies and to introduce 50 million Indian users to the cryptocurrency sector.

About Electroneum

Electroneum is a mobile-phone-based crypto app powered by a revolutionary instant payment system that enables its 4 million registered users to send, receive, and transfer funds within minutes at a fraction of a U.S. cent. It is one of the only crypto apps that allows users to top up their airtime and data in 140+ countries and electricity top-ups in four African nations. Hundreds of thousands of Electroneum users have completed 300,000 app-to-app transfers and 200,000 airtime and data top-ups, making ETN one of the most widely used cryptos. The network itself reports nearly 8 million blockchain transactions to date. Electroneum is the only crypto that has made earning its token possible. AnyTask is Electroneum's freelance platform, with more than 530,000 registered users and over 15,000 tasks across dozens of categories. Electroneum does not require its users to have a bank account, empowering millions of people to access the global digital economy.