OKX, one of the largest centralized crypto exchanges, is preparing to step into the Indian market. The crypto company has announced that it will support especially Web3-focused altcoin projects in the country.
OKX to support Web3 focused altcoin projects in India
The crypto exchange famous for its Web3 investments is making plans to expand its wallet services to capitalize on the growth potential in India and leverage its local developer community. Haider Rafique, Marketing Manager of the company, stated that OKX will step into India to support Web3 projects. Borsa also aims to expand its staff with local staff.
OKX is a cryptocurrency exchange with no global headquarters. Its regional headquarters are located in Hong Kong, Singapore, Dubai and the Bahamas. Rafique stated that currently OKX has around 200,000 wallet users in India. He stressed that this represents only 5% of Web3 users in the country.
“We don’t want to just go in and do our job,” Rafique says, “We want to understand the community. “We want to explore where we can contribute by collaborating with local communities.” OKX’s entry into the Indian market was part of the company’s strategy to expand its global presence. It also points to India’s potential to become a major player in the growing altcoin sector.
Web3 industry leads today’s earnings
A few Web3-focused altcoins started Sept. 1 with triple-digit price gains. The well-known names that stand out with reasonable price increases are as follows:
- CYBER (CyberConnect): +4.59%
- RSS3 (RSS3): +24.81%
- AIBB (BullBear AI): +10.21%
- LMWR (LimeWire): +14.87%
cryptocoin.comWe have included the June altcoin investments of the crypto exchange in this article.
