CoinDCX exchange expands self-custody wallet to support 155 countries

Main Indian cryptocurrency alternate CoinDCX is increasing its self-custody pockets Okto by integrating main on-ramp platform Transak.

Okto pockets, a multichain cryptocurrency pockets launched by CoinDCX in August 2022, has built-in the Transak platform to scale the pockets’s world assist, the agency introduced to Cointelegraph on Oct. 5. The mixing is straight away out there on Okto, the corporate mentioned.

With Transak’s incorporation, the Okto pockets has elevated the variety of beforehand supported 60 international locations to greater than 155 jurisdictions, CoinDCX and Okto co-founder Neeraj Khandelwal mentioned.

By integrating Transak, Okto now particularly permits customers to purchase cryptocurrencies like Bitcoin (BTC) instantly on Okto, utilizing numerous fiat currencies, together with the U.S. greenback, the euro, the Hong Kong greenback and others.

Transak is the primary and presently the one on-ramp answer launched on Okto, Khandelwal famous. Previous to this integration, the one approach of sending crypto to Okto was by sending the digital foreign money from an exterior pockets like MetaMask, Khandelwal added, stating:

“The mixing of Transak now permits customers to seamlessly convert fiat to crypto proper throughout the app. Previous to this integration, customers needed to switch funds from one other decentralized pockets, akin to Metamask.”

Whereas Transak helps round 160 tokens, Okto permits customers to retailer greater than 1,000 tokens throughout a number of chains, together with Polygon, Fantom, Avalanche, and others, in response to the app’s description on the Apple Retailer. Nonetheless in response to Okto’s spokesperson, the pockets permits customers to have as much as 3,000 tokens on the pockets.

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Whereas Okto introduced the information about Transak assist as we speak, the method of rolling out the on-ramp answer began just a few months in the past. Some on-line customers in India reported having points with Transak as early as August 2023 as Okto was testing the on-ramp answer on its platform. “The method of integrating started in April 2023,” a spokesperson for the agency informed Cointelegraph, including that the official rollout to all prospects occurred in mid-September.

Transak is a world Web3 cost and onboarding infrastructure supplier, aiming to attach the normal finance and digital belongings. Transak is a well-liked on-ramp answer within the cryptocurrency trade, with platforms like MetaMask, Coinbase and PancakeSwap using its providers.

Earlier this week, Transak introduced integration with The Open Community’s (TON) pockets referred to as Tonkeeper. The occasion marked Transak’s entry into the TON ecosystem, enabling the pockets to purchase Toncoin (TON) instantly with fiat from greater than 150 international locations.

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