CoinDCX, which claims to be one of India’s largest and the “most valuable” crypto companies, has announced the launch of its new crypto yield program, ‘Earn’, which is described as a new way for CoinDCX’s customers “to put their crypto to work and earn interest on their idling crypto assets.”
The ‘Earn’ feature is currently “one of the most competitive products in the industry.”
Aside from “industry leading” rates, CoinDCX ‘Earn’ also “offers users full flexibility and control on their crypto — with no lock-in periods and withdrawals at any time.”
When users opt in to ‘Earn’ with CoinDCX, CoinDCX works “with large institutional borrowers, third party lending partners and staking platforms to generate yield on their crypto/ digital assets.”
As one of India’s “leading” crypto exchanges, CoinDCX is fully “committed to safeguarding users’ assets — implementing the strictest asset protection measures to ensure the security of users’ funds.”
CoinDCX CEO and Co-Founder Sumit Gupta said:
“Today’s launch is a testament to the hard work our team has put in to deliver innovative products and solutions for our community. With digital assets becoming increasingly mainstream, we’re excited to be able to provide a trusted and accessible way for individuals to earn yield in crypto on their crypto holdings while continuing to keep exposure to the nascent asset class.”
CoinDCX ‘Earn’ is currently available “exclusively for waitlist users, with priority access given to users who are high on the waitlist, and the way to move up the waitlist is via referring new users on to Earn.”
As clarified in the update , registration and KYC completion on CoinDCX “is a prerequisite for accessing the product.”
The launch of CoinDCX’s ‘Earn’ “follows the company’s recent launch of its Crypto Investment Plan (CIP) — a unique product offering that helps investors invest a fixed amount in crypto at regular intervals.”
As covered, CoinDCX is among India’s largest crypto exchanges.
Built with user experience and security in mind, CoinDCX “offers its users innovative products and features.”
The projects on the platform “are listed only after appropriate due diligence through its 7 M principles – a stringent evaluation framework.”
CoinDCX serves “to strengthen innovation within the Web3 ecosystem through CoinDCX Ventures, enhance crypto education through DCX Learn, and continues to be a leading player in India’s crypto industry, furthering crypto trading experience through safety and compliance on the CoinDCX app.”
Recognized and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors “such as Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred, and Coinbase Ventures. CoinDCX is ISO Certified and KYC/AML compliant.”