- September 19, 2019
- Posted by: Michael
- Category: News
Bitbns, the largest cryptocurrency exchange in India, has entered into an agreement for Strategic Partnership with OKEx, one of the leading cryptocurrency exchanges globally.
The collaborative move aims at boosting cryptocurrency adoption in India to bring better cryptocurrency trading experience for users across the globe, and also spread awareness among masses regarding the utility of cryptocurrencies. “We are excited to partner with OKEx, one of the leading Cryptocurrency worldwide. Bitbns and OKEx both share a common vision of driving the faster expansion of the new asset class among the global countries and growing the cryptocurrency market across the globe through deeper collaboration:. says Gaurav Dahake, CEO of Bitbns. He adds, “We’re building upon our advanced experiments in cryptocurrency exchange business to enable the most competitive feature and experience to be offered to Bitbns customers. We look forward to co-creating the very best trading experience globally with OKEx!”
The brainchild of three IIT Kharagpur graduates – Gaurav Dahake, Prashant Singh, and Srikanth Sethumadhavan – Bitbns was co-founded in December 2017, which was when Bitcoin hit its all time high. The exchange started out with a simple yet unique concept of cryptocurrency flash-sale that quickly turned out viral among traders. Since that time, Bitbns never stopped innovating, which is apparent by a slew of trading features available on the platform, including bracket orders, price alerts, margin trading, margin lending and many others.
Through this partnership, OKEx and Bitbns benefit by using each other’s social and media channels for promotion, growth and development, and cooperating on technological grounds to make sure the traders get the best of both exchanges. Apart from that, creating awareness among masses for different cryptocurrencies and blockchains, with a shared motto of Let’s #BUIDL Together, is an important part of the agreement. OKEx, one of the world’s leading cryptocurrency exchanges, has entered the Indian market with this partnership. According to OKEx officials, the exchange is planning to expand its services to the Indian market in the near future.
Notably, Bitbns is among a few exchanges in India that stood their ground even when the circumstances seemed unfeasible for the development of cryptocurrency ecosystem in India. When most of the other Indian cryptocurrency exchanges like Koinex, Zebpay, Coindelta, etc., decided to shut down their cryptocurrency business, Bitbns kept the spirit of cryptocurrency trading alive and breathing in the country. Before Bitbns came into existence, the very same team also co-founded ‘Buyhatke Internet Pvt. Ltd.’, which is one of the most popular e-commerce price comparison platforms in India.