As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Interest on Crypto Deposits
Indian cryptocurrency exchange Coindcx announced last week that its users can now earn interest on their BTC held at the exchange for 30 days or longer, stating:
You can earn interest on bitcoin you hold on Coindcx … Users will earn 1.5% interest on deposits of over 0.5 BTC, compounded monthly.
Coindcx CEO Sumit Gupta told news.Bitcoin.com on Friday, “With the current market situation, many traders are simply hodling their funds. This gave us the idea of incentivizing them for their holdings on Coindcx. This would help our users make their money work for them and incentivize them for storing their digital assets on Coindcx.”
Another Indian exchange, Wazirx, has a similar offer which was launched in August. The exchange allows users to earn 1 percent interest on their BTC, ETH, XRP, EOS, TRX and LTC deposits after 30 days.
More Trading Pairs and Increased Liquidity
On Saturday, Coindcx also announced that it has listed 15 more trading pairs in the USDT and USDC stablecoin markets.
Gupta explained to news.Bitcoin.com that his exchange currently offers trading in approximately 240 crypto-to-crypto markets from three exchanges, with more to be added soon. “Coindcx brings liquidity from Binance, Hitbtc and Huobi on a single platform,” the exchange detailed. At present, the platform lists 210 pairs from Binance, 10 from Huobi, and 20 from Hitbtc, Gupta revealed. “We choose the most liquid
