Mumbai: CoinDCX announced its new global crypto-to-crypto (C2C) trading platform Cosmex.
Cosmex is CoinDCX’s global product that reimagines how crypto trading works and gives an entirely new, powerful, and simple model to crypto trading.
Global exchanges like Binance, Bitmex, OKEx, Huobi, etc., will act as a liquidity provider on this project. Going forward CoinDCX is also exploring getting exchanges such as Coinbase, FTX, Deribit, among others, onboard in the near future.
CoinDCX has built its new C2C trading product Cosmex keeping the global audience in mind. Singapore-based Primestack PTE will facilitate the global operations for this platform.
Primestack PTE the parent company of CoinDCX, CoinDCX Go, and Cosmex has set up an international subsidiary to serve as the special purpose vehicle.
Currently, global trade in crypto compared to the global equity markets is minuscule, according to Sumit Gupta, CEO and Co-Founder, CoinDCX.
“We feel the solutions that exist in the markets currently may not be capable of handling future volumes, keeping in mind the buoyant global market and the heightened interest in crypto trading that we are witnessing of late. This led us to start working on Cosmex to address these very issues,” Gupta said.
Cosmex will come armed with liquidity aimed to cater to the global audience. It will do so through its universal wallet and a reimagined simple user interface.
Over time, Cosmex will also build a layer of new products and services on top of this massive liquid layer with superior cost-efficiency and the highest levels of security.
The product will provide a one-stop solution to trade in Spot, Margin, and Derivative Instruments. For existing CoinDCX users, the experience won’t change much when they join Cosmex. They will have a similar experience for easy onboarding and the transition will be seamless for them.
“With Cosmex, CoinDCX will be joining international players on the global crypto market. With its seamless liquidity and sturdy security protocols, Cosmex aims to bring about a revolution in the crypto-to-crypto trading,” said Ramalingam Subramanian, Head of Brand and Communication – CoinDCX.