According to a press release on Tuesday, the exchange’s app offering, CoinDCX Go, provides newcomers to the cryptocurrency space a “quick check-in check-out trading experience.”
According to Coindesk, the app is said to be backed by artificial intelligence-based anti-money laundering algorithms, while users’ funds are secured and insured by global custodian BitGo.
CoinDCX Go allows users to trade smaller denominations on 14 of the industry’s leading assets including bitcoin (BTC), ether (ETH), bitcoin cash (BCH), litecoin (LTC), binance coin.
CoinDCX CEO Sumit Gupta stated that “The focus is to make users see merits in the industry by attention to details.” He also added that the support on technical issues will be provided “around the clock.”
The exchange stated that CoinDCX Go was conceived after it had conducted a joint survey discovering almost 60% of Indians found cryptocurrency investing “extremely challenging.”
To date, India’s population exceeds 1.3 billion, with a fraction of that – around 0.5% – having invested in cryptocurrency, CoinDCX noted.
As part of the response to the survey’s findings, the novice-friendly trading app features a user interface that plans to induct a “new breed of first-time users.” Currently, the app does not charge fees on deposit and withdrawals.