Cryptos: Crypto exchange DigitX starts operations

New Delhi
: DigitX, a Business-to-Business (B2B) crypto trading exchange started its trading operations on Tuesday. In a high potential, challenging market, DigitX aims to deliver transparency and security with its platform armed with unique features to bring about trust and confidence for the investors and traders of crypto, according to a release.

Ashish Mehta, co-founder, DigitX said, “At DigitX, with our model of trusted links, we are bringing the advantage of traditional equity and commodity markets in crypto trading. Cryptos enjoy a high degree of popularity among certain sections of the investor community though even since its inception Crypto have had a roller coaster ride, as it faced questions on security and transparency. We want to educate the investor community and people at large about the potential of this alternative asset class, which works on the principle of super-efficiency through Blockchain. We are starting operations with our select set of trusted members and by the end of 2021, we aim to have 100 trusted members on board.”

On the importance of regulating Crypto trading Mehta said, “Crypto is an alternative asset class, which promises to bring a lot of efficiencies, positive disruption, scalability and are quick in adaption backed by a very efficient technology backbone.

We believe in the positive role it can play in our economy riding on Blockchain and Distributed Ledger Technology. To further expand this opportunity, the Crypto should be regulated by legitimate financial institutions of the country. We hope that the industry and all stakeholders can work in this direction.”