CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within Their App

The Indian cryptocurrency exchange site CoinDCX has made the decision to permit customers to incorporate DeFi wallets directly from within the platform. Facilitating communication between DeFi wallets and centralised exchanges is the goal. The exchange has announced a collaboration with US-based fintech company Mesh in order to do this. By doing this, the exchange might be trying to entice users to spend more time on the app. Following the government’s imposition of compliance requirements on foreign investors, Indian investors have started pouring money into Indian markets.

It is claimed that 16 million users are served by CoinDCX. The exchange has certified that it is safe to conduct business in India by announcing its compliance with the Financial Intelligence Unit (FIU) of India. In his remarks, CoinDCX co-founder Sumit Gupta referred to this as a “game changer” for the company. Mesh provides a sophisticated API integration that can make the exchange’s users’ digital asset administration easier.

“Methods such as Mesh simplify the intricacies of the cryptocurrency sector, greatly augmenting the usability aspect of our platform,” stated Gupta. In the meantime, Mesh, a US-based platform, is using this chance to announce its arrival in the cryptocurrency market in India.

The effect that our partnership will have on one of the most significant and dynamic marketplaces excites us. The impact that this partnership will have on one of the most significant and dynamic marketplaces excites us,” co-founder and CEO of Mesh Bam Azizi stated in response to the news.

In India’s changing cryptocurrency market, CoinDCX has been making a number of efforts to position itself as a cryptocurrency exchange that investors choose. Users of the now-defunct KoinX were able to access cash that had been locked on the exchange in February when CoinDCX started doing so.

The exchange has also launched KnowBitcoin, a new cryptocurrency awareness campaign that attempts to give a thorough rundown of the earliest and priciest cryptocurrency in history.