CoinDCX, one in every of India’s most valued and largest crypto exchanges, introduced the itemizing of Orbs Community’s native token, $ORBS, this Tuesday. The itemizing will enable the Indian trade customers to purchase and promote the $ORBS token utilizing the Indian Rupee (INR) and different obtainable crypto pairs together with Bitcoin and Tether, with extra pairs to be added sooner or later.
Orbs Community is a Layer 3 open, decentralized and public blockchain infrastructure executed by a safe community of permissionless validators utilizing Proof-of-Stake (PoS) consensus. The platform is principally identified for its dTWAP and dLIMIT protocols, obtainable on a number of decentralized exchanges throughout EVM chains and non-EVM chains together with BNB Chain and Linea.
Launched in 2017, Orbs community pioneered Layer 3 expertise permitting customers to execute extra advanced logic similar to restrict orders, which was beforehand not obtainable on Layer 1 and a couple of chains, as they can’t be applied on sensible contracts alone. This layer offers providers to present DeFi purposes for additional decentralization and enhanced capabilities. The native $ORBS token is the driving drive of the platform, taking part in a key position throughout the Orbs community ecosystem and is used to safe the POS blockchain.
ORBS is at present listed on a number of centralized exchanges, together with OKX, HTX, Kucoin, Binance US, Bitmart, Bitget, and Bitfinex.
CoinDCX rising because the go-to crypto trade in India
India ranks as one of many largest crypto markets on the planet right now, with almost 100 million individuals estimated to be holding a number of cryptocurrencies. Over the previous 12 months resulting in June 2023, the nation recorded over $269 billion in crypto buying and selling quantity, therefore the push by Orbs community to get listed on CoinDCX, the most secure crypto trade within the nation.
Nonetheless, India’s crypto affinity and adoption charges have been hampered by the federal government’s strict laws on digital belongings. Whereas the nation’s outright crypto ban has taken time to come back into impact, on December 28 the Indian authorities issued compliance present discover trigger notices to 9 offshore crypto exchanges, together with Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC International and Bitfinex.
Issued by India’s Monetary Intelligence Unit (FIU), the notices intention to stop cash laundering by way of crypto and the authorities are already taking steps to dam the URLs of those stated entities inside India.
Because of the directive, a number of exchanges have been pressured to shut down operations throughout the nation. Binance introduced they are going to be ceasing operations to all Indian prospects, blocking deposits and buying and selling entry to residents.
In an effort to safe their belongings on a compliant trade, customers on offshore exchanges are more and more migrating their belongings to CoinDCX trade. The platform gained standing as the primary FIU-registered and authorized crypto trade, providing Indian customers a secure and controlled trade to commerce their crypto tokens.
By securing an inventory on CoinDCX, Orbs Community has given Indian customers a platform to purchase/promote $ORBS and use it to take part in staking and DeFi actions on the Layer 3 blockchain. For the reason that FIU directive on December 28, CoinDCX has introduced a 2000% surge in consumer crypto deposits on the platform.
Orbs Community’s long-term eye for India
With crypto adoption rising at an explosive tempo in India over the previous few years, Orbs Community has all the time had its eye on the world’s most populous nation. In December, Orbs Community made its ultimate push to enter the Indian blockchain market. Throughout the India Blockchain Week, hosted in Bangalore on December 6 and seven, Ran Hammer, Orbs Community VP of Enterprise Improvement, spoke, explaining the suite of instruments on Orbs Community to the attendees.
The occasion, which brings collectively prime trade figures and crypto fans internationally, goals to additional the event of crypto and blockchain expertise in India. Throughout his speech, Hammer launched the Layer 3 expertise and mentioned improvements in staking.
Since its itemizing on CoinDCX, $ORBS has seen a slight enhance in value to $0.033, representing a 4.6% enhance, with volumes of over $50 million, in line with Coingecko.
CoinDCX, one in every of India’s most valued and largest crypto exchanges, introduced the itemizing of Orbs Community’s native token, $ORBS, this Tuesday. The itemizing will enable the Indian trade customers to purchase and promote the $ORBS token utilizing the Indian Rupee (INR) and different obtainable crypto pairs together with Bitcoin and Tether, with extra pairs to be added sooner or later.
Orbs Community is a Layer 3 open, decentralized and public blockchain infrastructure executed by a safe community of permissionless validators utilizing Proof-of-Stake (PoS) consensus. The platform is principally identified for its dTWAP and dLIMIT protocols, obtainable on a number of decentralized exchanges throughout EVM chains and non-EVM chains together with BNB Chain and Linea.
Launched in 2017, Orbs community pioneered Layer 3 expertise permitting customers to execute extra advanced logic similar to restrict orders, which was beforehand not obtainable on Layer 1 and a couple of chains, as they can’t be applied on sensible contracts alone. This layer offers providers to present DeFi purposes for additional decentralization and enhanced capabilities. The native $ORBS token is the driving drive of the platform, taking part in a key position throughout the Orbs community ecosystem and is used to safe the POS blockchain.
ORBS is at present listed on a number of centralized exchanges, together with OKX, HTX, Kucoin, Binance US, Bitmart, Bitget, and Bitfinex.
CoinDCX rising because the go-to crypto trade in India
India ranks as one of many largest crypto markets on the planet right now, with almost 100 million individuals estimated to be holding a number of cryptocurrencies. Over the previous 12 months resulting in June 2023, the nation recorded over $269 billion in crypto buying and selling quantity, therefore the push by Orbs community to get listed on CoinDCX, the most secure crypto trade within the nation.
Nonetheless, India’s crypto affinity and adoption charges have been hampered by the federal government’s strict laws on digital belongings. Whereas the nation’s outright crypto ban has taken time to come back into impact, on December 28 the Indian authorities issued compliance present discover trigger notices to 9 offshore crypto exchanges, together with Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC International and Bitfinex.
Issued by India’s Monetary Intelligence Unit (FIU), the notices intention to stop cash laundering by way of crypto and the authorities are already taking steps to dam the URLs of those stated entities inside India.
Because of the directive, a number of exchanges have been pressured to shut down operations throughout the nation. Binance introduced they are going to be ceasing operations to all Indian prospects, blocking deposits and buying and selling entry to residents.
In an effort to safe their belongings on a compliant trade, customers on offshore exchanges are more and more migrating their belongings to CoinDCX trade. The platform gained standing as the primary FIU-registered and authorized crypto trade, providing Indian customers a secure and controlled trade to commerce their crypto tokens.
By securing an inventory on CoinDCX, Orbs Community has given Indian customers a platform to purchase/promote $ORBS and use it to take part in staking and DeFi actions on the Layer 3 blockchain. For the reason that FIU directive on December 28, CoinDCX has introduced a 2000% surge in consumer crypto deposits on the platform.
Orbs Community’s long-term eye for India
With crypto adoption rising at an explosive tempo in India over the previous few years, Orbs Community has all the time had its eye on the world’s most populous nation. In December, Orbs Community made its ultimate push to enter the Indian blockchain market. Throughout the India Blockchain Week, hosted in Bangalore on December 6 and seven, Ran Hammer, Orbs Community VP of Enterprise Improvement, spoke, explaining the suite of instruments on Orbs Community to the attendees.
The occasion, which brings collectively prime trade figures and crypto fans internationally, goals to additional the event of crypto and blockchain expertise in India. Throughout his speech, Hammer launched the Layer 3 expertise and mentioned improvements in staking.
Since its itemizing on CoinDCX, $ORBS has seen a slight enhance in value to $0.033, representing a 4.6% enhance, with volumes of over $50 million, in line with Coingecko.
