One of the largest cryptocurrency wallets in India, Unocoin, has announced the launch of its own crypto platform UNODAX. Active traders are promised good profits.
According to the official release, UNODAX is modeled as a “real-time altcoin buying and selling platform” that aims to expand its offering in India to meet customer requirements. The platform will have a “wide range of tools and features” to ensure maximum order confidence.
Exclusive benefits will be provided to market makers - commissions for makers are 0.4% and for takers 0.6%. In addition, users will be able to access the platform through a web browser, Android app, as well as iOS.
Unocoin CEO Sathvik Viswanath told CCN about the launch:
“This is a very important step for us. We are announcing the launch of UNODAX, and with it, we are creating two different platforms for two of our company's fundamental offerings. This step will help customers simplify the process of using our services, as well as improve productivity. We will ensure a smooth transition process and will not cause any inconvenience to our users.”
By launching UNODAX, Unocoin differentiated the company's two main products. UNODAX received an update to the user interface, as well as global changes to the engineering module, which are designed to increase liquidity and speed of exchanges.
Unocoin will now be exclusively a Bitcoin wallet, and UNODAX will be a p2p cryptocurrency trading platform. These two businesses should help create a larger, more prosperous ecosystem.
Management assures that the transition of the previous platform to UNODAX will be smooth and there should be no problems. This is mainly because both platforms use the same module which validates the user's credentials upon login.
At the moment, UNODAX supports the following trading pairs - bitcoin, litecoin, ether, bitcoin gold, bitcoin cash and ripple.
According to ccn
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