Indian users now have a wallet where they can access tokens from 20 blockchains and 100 DeFi protocols thanks to the decentralised finance (DeFi) mobile app Okto that cryptocurrency platform CoinDCX has launched.
DeFi utilises smart contracts using secure distributed ledgers to provide financial instruments without using middlemen like banks, brokerages, and exchanges. Users may trade cryptocurrency anytime, anywhere, owing to Okto.
CoinDCX cofounder Neeraj Khandelwal said, “At CoinDCX, we strongly believe that Web3 will lead to a decentralised new world and define the future of the internet, going beyond crypto adoption. We firmly believe that the next phase of growth for the crypto industry will not only come from exchange of value but also from applications built on the underlying blockchain technology. As the technology is maturing, builders are creating use-cases to unlock value and make the internet a more equitable space.”