Cryptocurrency enthusiasts in India shall now be able to buy cryptocurrencies in India without any transaction fees in Indian Rupees with lowest prices.This new peer-to-peer trading platform (P2P) has been launched on August 5th 2020 by the leading cryptocurrency Exchanger OKEx.
Additionally an $30,000 USD prize pool campaign is being held where users who participate can gain points by trading on the platform, referring others, social media posting and daily quiz among other activities.
Presently the OKEx P2P platform has BTC and USDT pairs to INR (Indian Rupees) and more coins could be added in future. Popular payment methods like UPI, IMPS and NEFT among others are available for smooth user experience.
OKEx CEO Jay Hao said “We believe that blockchain technology will eliminate barriers to transactions, and we’re committed to connecting Indian traders to the international crypto-trading marketplace by providing a one-stop service for Indian traders, including spot and many kinds of derivatives. What’s more, OKEx will also further improve the ecological layout in India and enhance the trading experience of Indian users. For example, we are about to launch the OTC desk in India soon. Please stay tuned.”
Currently India is pursuing a legal framework to ban cryptocurrencies and is contemplating a law for the same once parliament resumes session for cabinet approval (see my previous post).
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