Launched Okto as a standalone DeFi app within CoinDCX Pro in India and globally.
Indian crypto exchange CoinDCX has launched Okto, its decentralized finance mobile app aimed at facilitating the transition of crypto consumers to DeFi, co-founder Neeraj Khandelwal said.
DeFi and Web3 Transition are Essential for Crypto’s Success
As a completely native mobile app built by a team of 50 people over the months, CoinDCX hopes Okto will provide users with access to over 100 protocols and 20+ chains while also helping users “make informed decisions about risks.”
After launching Okto, which will serve on CoinDCX Pro, CoinDCX co-founder Neeraj Khandelwal said:
“For cryptos to be successful, consumers in India will need to switch to Web3 and DeFi setup, and DeFi is very complex to access right now.”
Also, Khandelwal added:
“First you have to deal with seed phrases and private keys. This is very difficult to understand for someone who is not interested in crypto. Keeping him safe is another nightmare. For the common man, moving assets from one chain to another is very complex and it’s a risk.”
Okto will aim to help users “surf DeFi securely and access thousands of tokens from multiple DEXs on chains with its built-in wallet” and “exchange their returns anytime, anywhere with access to the best liquidity pools in DeFi”.
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