Koinex, Indian cryptocurrency exchange has launched crypto-to-crypto trading. It is offering 23 crypto-to-crypto trading pairs with zero fees. Last week leading Indian exchange Zebpay also launched crypto-to-crypto trading but with only one trading pair. Koinex announced last week:
«We are going live with not just one or two crypto-crypto pairs; we are launching a total of 15 token pairs, all at the same time! This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading fees will be zero».
On Saturday the exchange announced the addition of 8 more crypto-to-crypto trading pairs.
In addition, the «seller fee has been revised to 0,15% for the INR market. Buyer fee is now fixed at a flat rate of 0,15%», Koinex detailed.
As for deposits, the exchange clarified, «INR deposits via UPI and Netbanking are now live with payment gateway 2. Deposit fee is 1,18% for UPI and 2% for Netbanking». However, Koinex reiterated that «all other payment methods are discontinued. All INR withdrawals are temporarily halted».
Koinex currently has 19 coins listed for trading against the Indian rupee. For crypto-to-crypto trading, there are 9 Bitcoin trading pairs, 6 Ether, and 8 Ripple – a total of 23.
The tokens available in the Bitcoin market are Ethereum (ETH/BTC), Litecoin (LTC/BTC), TRON (TRX/BTC), Ripple (XRP/BTC), Omisego (OMG/BTC), Bitcoin cash (BCH/BTC), EOS (EOS/BTC), Nucleus vision (NCASH/BTC), and Request (REQ/BTC).
For the Ether market, in addition to BTC, Koinex is offering trading pairs for BCH, TRX, XRP, OMG, EOS, and NCASH.
For the Ripple market, customers can trade BTC as well as LTC, TRX, EOS, OMG, REQ, NCASH, AE, and GNT.