Local crypto startup Tradehorn will be launching a new cryptocurrency exchange in India in June 2020.
On June 9 local media outlet Digpu reported that Tradehorn’s founder and chief executive, Rahul Vinakiya, emphasized the company’s desire to simplify the experience of trading crypto assets for newbies:
“We are here to serve novice traders, who are absolutely new to this and spread awareness of crypto as an innovation. For us, how we measure [the] success of this platform depends on whether my uncle would be able to use this.”
Bengaluru-based crypto exchange startup Tradehorn announced that it will be launching a new cryptocurrency exchange platform for Indian users in June 2020 to trade, deposit and withdraw in Indian rupees. #CryptoCurrency #Crypto #Tradehorn #News #Digpuhttps://t.co/QbCqsiVs9d — Digpu (@DigpuNews) June 10, 2020
Tradehorn will soon be launching a mobile app featuring 24-hour support services. The app is expected to launch for Android and iOS by July.
Reportedly, despite the withdrawal of the RBI ban in March, banks were still unwilling to do business with the the local crypto firms..
Nonetheless, Tradehorn’s CEO reports having partnered with multiple banks while offering praise to India’s Supreme Court for restoring access to financial services.
In early May, several Indian exchanges petitioned the RBI to make clear whether crypto transactions would be subject to the Goods and Services Tax (GST).
To this, Vinakiya added:
“This is a very important thing which needs to be cleared by the government so that companies and users feel free to start trading. A lot of people don’t know how to get started with crypto, as they are unfamiliar with how the tech implications would work..This clarity would not only help the crypto companies but also for the users.”
Source: Cointelegraph | Image: Pixabay