CoinDCX, a leading cryptocurrency exchange in India, has teamed up with Mesh, a US-based finance solutions company, to enhance digital asset transfers and management for its users. This partnership introduces a seamless process for transferring assets between centralized exchange accounts and decentralized finance wallets directly on the CoinDCX platform, making digital asset deposits secure and hassle-free.

Sumit Gupta, co-founder of CoinDCX, described the integration with Mesh as a game-changer for the platform, simplifying the complexities of the crypto industry and improving usability for users. Bam Azizi, co-founder and CEO of Mesh, expressed excitement about entering the Indian market through this collaboration, highlighting the potential to streamline digital asset management in a dynamic market like India.

Mesh, established in 2020, aims to create an interconnected and secure financial ecosystem by enabling digital asset transfers, crypto payments, account aggregation, and trading on a single platform. This partnership with CoinDCX comes after Mesh received a $5 million investment from Paypal’s venture arm in its PYUSD stablecoin in January.

Mesh provides a convenient way to move funds between various platforms supporting cryptocurrencies without the need for users to copy and paste long strings of characters, which can pose security risks. Instead, Mesh users can easily transfer funds using an in-app menu, enhancing security and user experience.

The collaboration between CoinDCX and Mesh comes in response to the growing demand for cryptocurrency exchanges in India, with CoinDCX experiencing a significant increase in trading volumes in recent months. Trading volumes on the platform multiplied fivefold within a month, reaching approximately $25 million by the end of February, attributed to the rising prices of Bitcoin.

This partnership between CoinDCX and Mesh aims to improve the user experience for cryptocurrency traders in India and streamline digital asset management in a rapidly growing market.

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