CoinDCX exchange expands self-custody wallet to support 155 countries

Major Indian cryptocurrency speech CoinDCX is expanding its self-custody wallet Okto by integrating large on-ramp level Transak.

Okto wallet, a multichain cryptocurrency wallet launched by CoinDCX successful August 2022, has integrated the Transak level to standard the wallet’s planetary support, the steadfast announced to Cointelegraph connected Oct. 5. The integration is instantly disposable connected Okto, the institution said.

With Transak's incorporation, the Okto wallet has accrued the fig of antecedently supported 60 countries to much than 155 jurisdictions, CoinDCX and Okto co-founder Neeraj Khandelwal said.

By integrating Transak, Okto present specifically allows users to bargain cryptocurrencies similar Bitcoin (BTC) straight connected Okto, utilizing a ample fig of fiat currencies, including the U.S. dollar, the euro, the Hong Kong dollar and others.

Transak is the archetypal and presently the lone on-ramp solution introduced connected Okto, Khandelwal noted. Prior to this integration, the lone mode of sending crypto to Okto was by sending the integer currency from an outer wallet similar MetaMask, Khandelwal added, stating:

“The integration of Transak present allows users to seamlessly person fiat to crypto close wrong the app. Prior to this integration, users had to transportation funds from different decentralized wallet, specified arsenic Metamask.”

While Transak supports astir 160 tokens, Okto allows users to store much than 1,000 tokens crossed aggregate chains, including Polygon, Fantom, Avalanche, and others, according to the app’s statement connected the Apple Store. However according to Okto’s spokesperson, the wallet allows users to person up to 3,000 tokens connected the wallet.

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While Okto announced the quality astir Transak enactment today, the process of rolling retired the on-ramp solution started a fewer months ago. Some online users successful India reported having issues with Transak arsenic aboriginal arsenic August 2023 arsenic Okto was investigating the on-ramp solution connected its platform. "The process of integrating began successful April 2023," a spokesperson for the steadfast told Cointelegraph.

Okto reporting moving with Transak successful August 2023. Source: X (formerly Twitter)

Transak is simply a planetary Web3 outgo and onboarding infrastructure provider, aiming to link the accepted concern and integer assets. Transak is simply a fashionable on-ramp solution successful the cryptocurrency industry, with platforms similar MetaMask, Coinbase and PancakeSwap utilizing its services.

Earlier this week, Transak announced integration with The Open Network's (TON) wallet known arsenic Tonkeeper. The lawsuit marked Transak's introduction into the TON ecosystem, enabling the wallet to bargain Toncoin (TON) straight with fiat from much than 150 countries.

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