Author: Jagdish Kumar, India
After stop operations in December 2017, Belfrics Group has again resumed operations in India with the launch of four new alternate coins for crypto-to-crypto trading from 26 June 2018.
The company in a statement said that it is looking to add more coins in the next six months apart from the recently launched coins which are Bitcoin Cash, Ethereum, Ripple and Litecoin.
Speaking on this, Belfrics Group’ CEO Jabeer KM said, “India is a key market for us when it comes to crypto trading. With the launch of these new coins we are targeting a base of at least 250,000 new traders on our platform by December 2018.
“We understand that the RBI has reservations on trading in crypto currencies and digital currencies. But we are confident that they will be coming up with their own set of regulations for this industry,” KM stressed.
The CEO also added that from our end, we are making sure that Belfrics Group is ready with multiple options for our Indian customers when crypto trading becomes regularized.
Not only in India, Belfrics has launched these coins at all its global exchanges in Malaysia, Singapore, Bahrain, Kenya, Nigeria and Tanzania.
The company believes that with this launch it will open up multiple trading doors for the Indian crypto currency enthusiasts who can now trade crypto-to-crypto trading option with global investors on the Belfrics platform from June 2018.
Apart from this, the company has also launched a dedicated app available for both Android and iOS platform for live order-book trading of various altcoins.
By using this application traders can now securely link their assets with Belfrics wallet, which will give them a seamless experience to transfer their crypto currencies.
Belfrics Group Chief Innovative Officer Santhosh Palavesh said, “The new app will supports multiple crypto-assets and provides crypto-to-crypto trading enthusiasts with unlimited order validity and transparent order depth.