menuIcon
$ 104,771.9
BTC
$ 104,771.9
-0.65 %
$ 2,610.80
ETH
$ 2,610.80
0.75 %
$ 0.6696
ADA
$ 0.6696
-1.22 %
$ 664.08
BNB
$ 664.08
0.83 %
$ 154.68
SOL
$ 154.68
-0.18 %
Tarulika Jain
Mar 12, 2020
by Tarulika Jain

CoinDCX Aims To Educate Indians To Diversify Crypto Space

CoinDCX
CoinDCX, Indian crypto exchange pledged around $1.3 million for the development cryptocurrency ecosystem. The exchange donated the funds to improve the digital currency-related education system, consumer awareness and product awareness campaigns in the country.

Read more here - https://t.co/euIKhKDaLS

CoinDCX Aims To Boost Indian Crypto Users

CoinDCX aims to develop the crypto space from the ground level by giving the proper education related to the cryptocurrency to the commons through seminars, online courses, community events etc. The vision and mission of the exchange can lead to considerable growth in the rate of adoption in India.

According to the latest data of the World Bank, around 190 million people of India are not having any bank account. The unbanked demographic which are not involved with any banking services can be turned to the crypto users if proper education will be provided to them. The latest move of the CoinDCX is an attempt to diversify the crypto space and attract fresh investments to the sector. 

As per Sumit Gupta, CEO and Co-Founder of CoinDCX,

Only 5 million people in India currently hold cryptocurrencies—less than 0.5% of the population. We believe, however, that by educating consumers and combating negative preconceptions of the industry we can boost the number from 5 million to 50 million so that everyone can unlock the benefits of digital assets.

Acceleration In Indian Crypto Movement

The latest ruling of Supreme Court lifted up the ban on crypto trading by declaring the banking ban of Reserve Bank unconstitutional. The judgement of the Supreme Court encouraged the sleeping crypto markets to wake up, as few of the crypto exchanges, many institutional investors and the enthusiasts related to crypto space are attempting to solidify their existence in India.

The decision of the court aimed at improving infant crypto markets which were hindered by poor regulatory supervision. The first move was taken by the largest crypto exchange, Binance who acquired the WazirX, Indian crypto exchange platform to diversify the network of its crypto users. Then the course was followed by HashCash Consultants who announced the huge investments in Indian crypto markets and now the education mission of CoinDCX.

Thus, various reputed players are visualising the potential of Indian markets but still, the future of crypto will be decided by the bill of the Indian Parliament.

You May Also Read.

    Follow us on: News
    Crypto News CoinDCX india crypto CoinDCX pledges 1.3 million crypto education
    CoinDCX Aims To Educate Indians To Diversify Crypto Space
    Tarulika Jain
    Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies. Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.

    Top Picks