crypto news: Polytrade announces listing on cryptocurrency exchange CoinDCX

New Delhi: Polytrade Finance, a decentralized finance (DeFi) lending platform that provides working capital to real-world small and medium-sized businesses using crypto liquidity, Thursday announced its listing on cryptocurrency exchange CoinDCX.

“The US dollar trade listing on CoinDCX will provide its Indian users of over £75,000 with another way to access trading tokens,” the decentralized finance platform said in a statement.

Moreover, the listing will increase the dollar liquidity of the TRADE token and penetration into the broader Indian community.

The listing was specifically undertaken to meet the requirements of Small and Medium Enterprises (SMEs) for working capital in India.

Commenting on the CoinDCX listing, Polytrade MD and founder Piyush Gupta said that this came as a giant leap towards the compay’s goal of providing real-world borrowers with access to low interest and fast financing to free up critical working capital, which is being tapped from cryptocurrency lenders using Bill. financing.

Prior to being listed on CoinDCX, $TRADE was listed on some of the world’s leading platforms including Kucoin, Uniswap, Quickswap, MEXC, Bitmart and PancakeSwap. A listing on KoinBazar is on the cards as well.

Since its inception in 2014, Polytrade Finance has engaged over 5,000 borrowers, and financed over 250 borrowers with a cumulative value of US$500 million from around the world. PTI