CoinDCX, India's first crypto unicorn, has launched a new "Web3 mode" on its app that provides users with easy access to over 50,000 decentralized finance (DeFi) tokens and protocols.
The key features of CoinDCX's new Web3 mode include:
A keyless, self-custodial wallet backed by multiple security layers that allows users to seamlessly access over 100 decentralized apps (dApps) across 20+ blockchain networks.
The ability for users to swap cryptocurrencies, earn yields, and maximize returns by accessing the best liquidity pools in DeFi.
A simplified user experience that abstracts away the complexities of managing private keys, gas fees, and cross-chain transactions that typically hinder mainstream adoption of DeFi.
CoinDCX aims to make Web3 and DeFi more accessible to the masses by providing a mobile-first, user-friendly platform. The company believes that for crypto to succeed in India, consumers will need to migrate to Web3 and DeFi, which are currently too complex for the average user to navigate.
The new Web3 mode will first be available to CoinDCX's existing user base in India through the CoinDCX Pro app, and then launched as a standalone "Okto" app globally.