Hyderabad: The city of Charminar is not new to technological and digital advancement. It has from the ’90s been in the forefront of developing technology hub, start-up ecosystems, and pioneering R&D work being conducted in the state. It also attracts a lot of innovation in fintech and its adoption.
‘One of the key trends visible in Hyderabad is, a large number of Indian investors who are adopting Crypto assets today come from cities like Hyderabad and Vizag. Traditionally the area has been well known for investment in Gold. But slowly we are noticing an emerging pattern of new users who have started investing in Bitcoin through our exchanges and they are primarily from Hyderabad, Ahmedabad, Lucknow, Bengaluru to name a few,’ revealed Sumit Gupta, Founder CoinDCX. Women from these cities are also increasingly investing in crypto assets from these cities, almost contributing to around 20% of the pie chart he further adds.
To welcome these new users to have a smooth experience, CoinDCX via its recently launched app CoinDCXGo is trying to bridge the gap between those challenged by knowledge on crypto and those who are concerned about the safety and security of their investments.
CoinDCXGo app is available both for Android and IoS devices and has been downloaded more than 150000 times since its launch is meant for new users to come on board the crypto space.
On the app a user can buy or sell crypto while easily navigating through its secured backdrop and finish his business on the platform as he finishes his coffee or tea. The app only features the very best of 14 out of some 4000+ crypto assets that exist in the market today.
The CoinDCX Go App incorporates a 7M framework- a stringent path to list selected crypto assets – while taking into account the Indian government’s concern to safeguard investors.
7M framework consists of Model, Mechanics, Management, Market, Motivation, Momentum, and Money. The philosophy of this framework is to ensure that new crypto investors only invest in the safest and the best crypto assets.
Emphasizing aspects of investment trends in the Hyderabad market, Neeraj Agarwal, Co-Founder, CoinDCX said, ‘ We understand the need for ensuring safety and security as our topmost priority. CoinDCX has partnered with Bitgo, the most trusted crypto custodian in the world, to ensure users’ crypto funds are completely safe and insured on the Go app. In addition, CoinDCX also partnered with Onfido to protect users against user identification fraud, last year. Interestingly we feel that if people in a city like Hyderabad invest just 1-5% of their disposable income into the crypto assets it may bear them some good return on investment. On our platform CoinDCX Go, we have ensured that your journey into crypto investment is safe, secure, and easy to deal with. It’s important for us to ensure that you are enabled. Our free online course on DCX Learn can also empower you to make smart investments.’
The crypto industry has seen a significant jump in business since the pandemic started.
In the last few months more and more global investment firms and investors are starting to invest in crypto assets. In all of this Bitcoin is leading the race. Today it has a market valuation of over USD 1.3 trillion. Globally many economists and investors view Bitcoin as digital gold.