Business News Report
February 13, 2024

CoinDCX Partners with Koinex to Aid Users in Recovering Locked Assets

CoinDCX Partners with Koinex to Aid Users in Recovering Locked Assets

Indian crypto exchange company CoinDCX today entered into an agreement with Koinex, an Indian VDA exchange that ceased operations in 2019. According to the announcement, this partnership aims to assist Koinex’s former users in accessing their assets through CoinDCX’s platform.

Under this agreement, CoinDCX will collaborate closely with Koinex’s existing users to ensure a easy transition to the CoinDCX platform. Users with existing CoinDCX accounts under the same KYC will experience an automatic transition, while others will need to undergo CoinDCX’s established KYC process for onboarding.

“When can I access crypto assets lying on Koinex? You don’t need to ask this question anymore! Access all your koinexindia crypto assets on CoinDCX,” the company said on platform X.

Users who wish to access this facility can visit here.

“This step aligns with CoinDCX’s vision of nurturing a thriving, secure, and transparent VDA ecosystem in India. We believe in Web3, and our commitment to supporting the ecosystem goes beyond this partnership. At CoinDCX, we strive to undertake initiatives that benefit the Web3 community. Our unwavering dedication continues into the future, as we aim to empower our community and unlock the potential of a decentralized future for all,” said Sumit Gupta, co-founder of CoinDCX.

CoinDCX Communicates Integration Process to Koinex Users

The integration process has been communicated to Koinex users, with CoinDCX initiating necessary procedures promptly. A dedicated customer desk will provide personalized assistance, ensuring a smooth transition for all users.

“Koinex, once the largest and favored digital assets exchange, faced an unfortunate closure. During the shutdown process, we provided a reasonable window for users to withdraw their assets. For those users unable to do so, this is the best opportunity to associate with a reputable and compliant exchange like CoinDCX. I am grateful to CoinDCX, and I am sure our users will now benefit from this collaborative endeavor,” said Aditya Naik, founder of Koinex.

CoinDCX is the first FIU registered Indian exchange, trusted by over 1.4 crore Indians for their crypto journey. With a simple user interface and a range of products including Buy/Sell, CIP, Earn, and Futures, the platform lists over 500 tokens and boasts a quarterly average trading volume of INR 16.5K crores. The company prioritizes compliance and security, holding ISO 27001:2022 certification.

CoinDCX’s vision and potential have garnered confidence from global investors, including Pantera, Steadview Capital, and Coinbase Ventures, among others.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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Kumar Gandharv
Kumar Gandharv

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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