After all the rumors that the Indian government has banned the exchange of cryptocurrencies in India, the trading looks at another high. In a recent release by Koinex, cryptocurrency exchange platform, the company traded over 1.5 million REQ tokens in just first 15 minutes of the launch. This makes Koinex the second highest exchange globally in terms of volume of REQ trades. The token was listed on 22nd february at 10:30 PM and in 15 minutes it recorded a sale of over 1.5 million coins.
The crypto-trading platform has sold over 10 million REQ tokens in trade volume in less than a day.
This trade volume on the platform influenced the global REQ market as its price went up by 40 percent. Commenting on the surge in global prices of the REQ tokens, Rahul Raj, founder of Koinex, stated that this response for REQ validates the robust research-led approach used to identify the right token to be listed on Koinex. No one ever imagined that an Indian exchange would influence the global crypto-assets market in such a significant manner. It only shows the impact and the strong voice we command in the digital assets segment. This is not only reverence for us but also an Indian success story being scripted here.
The Request Network Token (REQ Token) is based on the Ethereum blockchain that enables any one, who owns the coin, to request for a payment for which the recipient can pay directly in a secure way. Here, the need for escrows in the transaction has been eliminated, saving cost and time at the same time. Further, the transactions are saved on an irreversible ledger that eliminates possibility of it getting hacked. The platform works with all every global currency and is planned to be developed in accordance with IoT (internet of things) devices for future systems.Â
