The current scenario of cryptocurrency trading in India remains hazy, with RBI putting a ban on cryptocurrency trading, and no further clarification from the High Court on the petitions raised against RBI. Amidst all this, India’s leading Crypto-assets and Blockchain Company, Unocoin introduced total 15 coins on their exchange.
The project is essentially a mobile wallet, but it is used by millions of consumers that can transact with the use of bitcoin. Then Unocoin just announced the launch of a multi-crypto asset exchange platform called UNODAX (Unocoin Digital Asset Exchange), which will include the likes of popular coins BTC, ETH, LTC, XRP and more. You can trade in these multiple cryptocurrency assets using Indian Rupees [INR].
Unocoin announced the launch in a tweet,
“…. Unocoin has come with the new user interface which makes it more simpler and secure while on the other hand, Unocoin launched UNODAX exclusively for crypto traders where they can place unlimited orders.”
From the wallet, consumers can print out paper versions to import other bitcoin addresses or withdraw coins. This wallet is available on both Android and iOS smartphones for POS purchases. With Unocoin’s UNODAX exchange, they are using the Maker-Taker model for fees and give bonuses of 0.3% for makers and 0.6% for takers. They will also feature a live order book trading option.
You can download the UNODAX application on both iOS and Android. The UNODAX platform offers live order-book trading along with features like transparent order depth, unlimited order validity, maker bonuses, and multi-cryptoasset support.
In addition to using the same account details, the app will also retain the user’s transaction history. A few users complained of issues after UNODAX’s app went live. The company told them to update the app and log in again to resume trading activities.
Unocoin’s blog assures people that the UNODAX app will not change anything for users. Instead, they’ll have two websites which aim for ‘speed and performance’.