CoinDCX, a VDA exchange, has announced that it has entered into an agreement with Koinex to help its reported one lakh users to access their assets through CoinDCX’s platform.
According to an official release, CoinDCX will work with Koinex’s existing users to ensure a transition to the CoinDCX platform. For customers who already have a CoinDCX account with the same Know Your Customer (KYC), the transition is believed to be automatic. Reportedly, other Koinex users will be required to go through CoinDCX’s established KYC and onboarding to get access to their assets.
“This step aims to align with CoinDCX’s vision of nurturing a VDA ecosystem in India. We believe in Web3.0, and our commitment to supporting the ecosystem aims to go beyond this partnership. At CoinDCX, we strive to undertake initiatives that benefit the Web3.0 community,” Sumit Gupta, co-founder, CoinDCX, said.