One of India’s main cryptocurrency exchanges, Unocoin, has introduced the release of its new buying and selling platform, “featuring the whole set of tools for hardcore traders in the industry.” Fifteen cryptocurrencies can now be traded the use of its platforms.
Unocoin Launches Unodax
Leading Indian cryptocurrency change Unocoin introduced on Wednesday the legit release of its new buying and selling platform referred to as Unodax (Unocoin Digital Asset Exchange). The corporate wrote:
Going ahead, Unocoin strikes the are living order-book buying and selling platform to their unique new area Unodax which might be that includes the entire set of gear for hardcore investors within the trade.
The corporate believes that the migration from its current platform to Unodax “is being performed without any hiccups to Unocoin users,” noting that “users will retain their login credentials and transaction history across the sites post-Unodax launch.” In addition, the 2 platforms’ web sites and apps will proportion the username and password, Unocoin defined, emphasizing, “For a user, nothing changes — except for the fact that you now get distinct websites that aim for speed and performance.”
Unocoin vs Unodax – the Differences
The main Indian change’s web page explains that Unocoin.com “is now exclusive to buy and sell bitcoin [BTC],” including that there’s “no price slippage up to 10 BTC,” execution is rapid, the transaction rate is zero.7%, and the minimal order is 1,000 rupee (~US$15). The corporate elaborated:
Moving ahead, Unocoin.com can be utilized to retailer your crypto belongings, and to shop for or promote bitcoin from Unocoin’s accompanying brokerage services and products.
In distinction, Unodax.com will likely be used “to buy or sell other crypto assets” along with BTC, with the maker rate of zero.four% and taker rate is zero.6%. Furthermore, there will likely be “a bitcoin bonus (0.3%) on all your maker transactions,” to award those that deliver “liquidity to the order book.”
Recently, Unocoin presented the buying and selling of 15 cryptocurrencies which are actually indexed on Unodax. They come with BTC, BCH, ETH, LTC, XRP, BTG, BAT, FUN, ZRX, and OMG.
Prior to the Unodax release, the platform added an “order-based trading feature on its platform as part of a suite of updates on its iOS and Android application,” first of all supporting “six major crypto assets, i.e. bitcoin (BTC), bitcoin cash (BCH), bitcoin gold (BTG), litecoin (LTC), ethereum (ETH), and ripple (XRP),” the change wrote on the time.
Surviving RBI Order
Currently, monetary establishments are within the means of final financial institution accounts of cryptocurrency exchanges, in line with the order through the Reserve Bank of India (RBI). Banks have till July five to finish their relationships with crypto corporations. Meanwhile, petitions have piled up in courtroom in quest of the reversal of the central financial institution’s order. The Indian Supreme Court will pay attention the case on July 20.
Meanwhile, investors in India have flocked to crypto exchanges to industry cryptocurrencies forward of the ban. Trading platform operators also are bobbing up with methods to stick in trade even after the central financial institution’s order takes impact. Numerous them, together with Zebpay and Koinex, have introduced crypto-to-crypto buying and selling platforms.
What do you bring to mind this new platform? Let us know within the feedback segment beneath.
Images courtesy of Shutterstock and Unocoin.
Need to calculate your bitcoin holdings? Check our tools segment.