DigitX, India’s maiden Business-to-Business (B2B) Crypto trading exchange has initiated its trading operations. To gain confidence and build the investors and trader’s trust, DigitX is all set to deliver transparent and secured operations. 

Ashish Mehta, Co-Founder, DigitX says, “At DigitX, with our model of trusted links, we are bringing the advantage of traditional equity and commodity markets in crypto trading.” He adds, “Crypto is an alternative asset class, which promises to bring a lot of efficiencies, positive disruption, scalability and are quick in adaption backed by a very efficient technology backbone.”

In the present scenario, Crypto has a high degree of popularity among the selective investor community. Since its launch Crypto has faced turmoil, as it has been questioned on transparency and security, says Ashish. He also states that DigitX is beginning its operation only with a set of trusted members and by the end of 2021, the Crypto trading exchange would be aiming to possess a minimum of 100 trusted board members.

On the importance of regulating the Crypto trading, Ashish Mehta states, “Crypto is an alternative asset class, which promises to bring in a lot of efficiencies, positive disruption, scalability and are quick in adaption backed by very efficient technology backbone. We firmly believe in the positive role it can play in our economy riding on Blockchain and Distributed Ledger Technology. It is our view that to further expand this opportunity, the Crypto should be regulated by the legitimate financial institutions of the country. We hope that the industry and all stakeholders can work in this direction.”

After the government approved the cryptocurrency it is encouraging blockchain, the technology underlying cryptocurrencies.

 The mobile cryptocurrency wallet BRD has announced that its user base has expanded to six million all over the world. This result has the impact of the Crypto’s strong in India and Latin America. Thus, with this expansion, the company is expecting its user base to cross more than 10 million users by early 2021.

BRD is a non-custodial wallet and cryptocurrencies are stored on the users’ devices, this makes it more accessible to users across the countries who need to undergo lengthy registration processes to use custodial wallets. The applications also permit the people to use Apple Pay or their bank cards to obtain cryptocurrency. This ease of use is one of the vital reasons for its extension.