CoinDCX partners with Mesh to let users integrate DeFi wallets from within the app

Indian cryptocurrency trading platform CoinDCX has decided to let its users integrate DeFi wallets within its platform. The purpose is to simplify the connection between centralized exchanges and DeFi wallets. To this end, the exchange announced a partnership with US fintech company Mesh. This way, the exchange may try to get app visitors to spend more time on the platform. Indian investors are flocking to Indian exchanges after the government imposed compliance requirements on foreign investors.

CoinDCX claims to cater to a user base of 16 million users. The exchange recently announced compliance with India’s Financial Intelligence Unit (FIU) request to certify that it is safe to do business in India.

Commenting on the matter, CoinDCX co-founder Sumit Gupta called it a “game changer” for CoinDCX. Mesh provides advanced API integration to simplify the digital asset management process for exchange users.

“Solutions like Mesh simplify the complexity of the crypto industry and significantly increase the usability of our platform,” Gupta said.

Meanwhile, in the case of Mesh, the US-based platform is taking the opportunity to enter the cryptocurrency space in India.

“We are excited about the impact this collaboration will have on one of the most dynamic and important markets. We are excited about the impact this collaboration will have on one of the most dynamic and important markets,” Mesh United Commenting on the development, founder and CEO Bam Azizi said.

CoinDCX has been taking several steps to establish itself as a popular cryptocurrency exchange among investors in the growing landscape of India. In February, CoinDCX began allowing users of the now-defunct KoinX to access funds locked on the exchange.

The exchange has also launched a new cryptocurrency awareness campaign called “KnowBitcoin,” which aims to provide a detailed overview of the world’s first and most expensive cryptocurrency.

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