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Polytrade announces its listing on the Indian cryptocurrency exchange CoinDCX

By on January 6, 2022 0

Polytrade finance, a DeFi (decentralized finance) lending platform providing working capital to small and medium-sized enterprises (SMEs) using crypto liquidity, has announced its listing on the popular Indian cryptocurrency exchange, CoinDCX.

“The $ TRADE listing on CoinDCX will provide its 75 lakhs and Indian users with another way to access trading tokens,” he said in a statement.

Additionally, listing would increase the liquidity of the $ TRADE token and its penetration into wider Indian communities. The list was made specifically to meet the demands of SMEs for working capital in India.

Prior to its listing on CoinDCX, $ TRADE was listed on some of the major global platforms including Kucoin, Uniswap, Quickswap, MEXC, Bitmart, and PancakeSwap. A listing on KoinBazar is also on the cards, PolyTrade said.

Speaking on the CoinDCX listing, Piyush Gupta, Managing Director and Founder of Polytrade said, “We are absolutely delighted with the listing in India. This is a giant leap towards our goal of providing real-world borrowers with access to low interest rates and fast financing to free up critical working capital, mined by crypto lenders using financing by invoice. “

“SMEs in India will need to play a pivotal role in achieving Prime Minister Narendra Modi’s goal of making India Atmanirbhar and a $ 5,000 billion economy. Polytrade will ensure that these small businesses have sufficient working capital to operate well in these times of pandemic, ”added Gupta.

Polytrade is a decentralized blockchain-based protocol aimed at transforming debt financing by connecting buyers, sellers, insurers and investors for a seamless experience. It will provide real-world borrowers with access to low interest rates and fast financing to free up critical working capital that crypto lenders exploit.

Since its inception in 2014, Polytrade Finance has integrated more than 5,000 borrowers, financed more than 250 borrowers with a cumulative value of $ 500 million from around the world.

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