One of India’s major cryptocurrency exchanges, Unocoin, has announced the launch of its new trading platform, “featuring the whole set of tools for hardcore traders in the industry.” Fifteen cryptocurrencies can now be traded using its platforms.
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Unocoin Launches Unodax
Leading Indian cryptocurrency exchange Unocoin announced on Wednesday the official launch of its new trading platform called Unodax (Unocoin Digital Asset Exchange). The company wrote:
Going forward, Unocoin moves the live order-book trading platform to their exclusive new domain Unodax which would be featuring the whole set of tools for hardcore traders in the industry.
The company believes that the migration from its existing platform to Unodax “is being performed without any hiccups to Unocoin users,” noting that “users will retain their login credentials and transaction history across the sites post-Unodax launch.” In addition, the two platforms’ websites and apps will share the username and password, Unocoin explained, emphasizing, “For a user, nothing changes — except for the fact that you now get distinct websites that aim for speed and performance.”
Unocoin vs Unodax – the Differences
The leading Indian exchange’s website explains that Unocoin.com “is now exclusive to buy and sell bitcoin [BTC],” adding that there is “no price slippage up to 10 BTC,” execution is immediate, the transaction fee is 0.7%, and the minimum order is 1,000 rupee (~US$15). The company elaborated:
Moving forward, Unocoin.com can be used to store your crypto assets, and to buy or sell bitcoin from Unocoin’s accompanying brokerage services.
In contrast, Unodax.com will be used “to buy or sell other crypto assets” in addition to BTC, with the maker fee of 0.4% and taker fee is 0.6%. Furthermore, there will
