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CoinCRED, the Indian crypto exchange, has announced that it has entered the UAE crypto market. The official at CoinCRED stated that they got a remarkable response from the Indian market. They are growing at a good pace in the market and claim to be global.
The officials of CoinCRED claim the exchange is achieving the set mission goals as per the company’s roadmap. According to the reports, it has shown an average growth rate of 19.4% per quarter. The exchange’s major highlight was to become the official launchpad for India’s first crypto coin, GanderCoin.
Talking about the senior management at bootstrap Indian Crypto Exchange, CoinCRED. Mr Rafiuddin Khan Mohammed, the founder of CoinCRED, has 10+ years of IT industry experience and 7+ years of experience as an angel investor in many Indian IT start-ups.
The Co-founder and CEO of the exchange, Mr Ubaid Chand, has over 5 years of experience in blockchain technology and crypto trading strategies.
Discussing the success of their crypto exchange, Mr Ubaid said, “the primary factor responsible for our good performance is how we designed our exchange. We understood the market demand for user-friendly crypto exchange and hence we have the most easiest-to-use crypto exchange application.”
Penetration of CoinCRED in the UAE Market
CoinCRED has made zero transaction fees with some terms and conditions for its international launch and expects a good response. Furthermore, its zero transaction fee offer provided a boost to their Indian marketplace. The exchange has also revamped its website and application UI with new creative elements, animations and UX with all the well-tested principles that cover usability, findability, and credibility making it more accessible and valuable. The exchange also now offers first-user sign-up and referral rewards with $1.
Discussing the marketing plan further, Mr Rafi said, “we have several other things in the pipeline. We are coming up with a special campaign to enhance our user base. We have decided to distribute free random coins at a specific time slot for the user who conducts trade on our platform. For the customers to benefit from this campaign, we have established some rules, such as a minimum transaction amount cap and its validity only on buying cryptocurrency through our platform. The campaign’s operation will take some time. We have also advanced ourselves by adding a P2P facility for our international launch. The whole team at CoinCRED is excited and energetic with its international launch, and it expects an incredible response from the UAE market as well.”