Introducing Crypto — to — Crypto trading on web and mobile app
Making new offerings to users, unscathed by market uncertainties
We are delighted to announce the commencement of crypto-to-crypto trading on our platform, and it has kept our team excited and on their toes. But there’s more to it.
We are going live with not just one or two crypto-crypto pairs, we are launching a total of 15 token pairs, all at the same time! This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading fee will be ZERO — both buying and selling will be free on Koinex for crypto-crypto trading.
The trading will commence from 10:00pm tonight (26 April, 2018).
The 15 pairs of tokens which will be launched are listed below:
Bitcoin (BTC) corridor:
The tokens available in the Bitcoin market will be Ethereum (ETH/BTC), Litecoin (LTC/BTC), TRON (TRX/BTC), Ripple (XRP/BTC), OmiseGo (OMG/BTC), Bitcoin cash (BCH/BTC), EOS (EOS/BTC), Nucleus Vision (NCASH/BTC), and Request (REQ/BTC).
Ethereum (ETH) corridor:
The tokens available in the Ethereum market will be TRON (TRX/ETH), Ripple (XRP/ETH), OmiseGo (OMG/ETH), Bitcoin Cash (BCH/ETH), EOS (EOS/ETH), and Nucleus Vision (NCASH/ETH).
We also have improved our UX to show 30 buy/sell orders in the order book instead of 13, while also showing your trade history in the exchange screen itself.
As you know, the crypto-market has been in a disarray of sorts since the start of the year due to the ambiguous stand on crypto-assets by the government and situations further took a downward spiral with the RBI directive reprimanding banks from partnering with crypto-entities. We have been in the eye of the storm ever since, but have always looked for solutions for the trading community, be it introducing UPI payments or instant withdrawals or new tokens for trading. So the need of the hour in this uncertain market was a safer alternate trading format, like crypto-to-crypto.
Additionally, our platform is built with the agility and technical brilliance to adapt to any requirement and while we were deliberating on the possible new offerings on Koinex, many of our traders expressed interest for a crypto-to-crypto trading corridor. We agreed with our trading community on this, as it looked like the best possible step in the given situation and we expedited the platform integration. Today we are set to offer you our entire crypto-pair bouquet for seamless trading, and many more such surprises are in the pipeline, to enthral our users.
Needless to say, our team at Koinex is here to assist you in understanding the crypto-to-crypto trading.
Stay informed. Stay alert. Happy trading!
Blog Update (04:00 PM, April 27, 2018)
- Trading in 15 Crypto-to-Crypto pairs is live at zero trade fee.
- Seller fee has been revised to 0.15% for the INR market.
- Buyer fee is now fixed at a flat rate of 0.15% for the INR market.
- The referral program is being halted temporarily.
- INR deposits via UPI and Netbanking are now live with payment gateway 2. Deposit fee is 1.18% for UPI and 2% for Netbanking.
Koinex goes live with crypto-to-crypto trading at 10:00 pm tonight (April 26, 2018) with 15 pairs of tokens against BTC and ETH markets available for trade right from the start. Until further notice, trade fee for both - buying and selling crypto-crypto pairs is ZERO.