Polytrade Finance, a DeFi (decentralized finance) lending platform providing working capital to small and medium-sized enterprises (SMEs) using crypto liquidity, has announced its listing on India’s popular cryptocurrency exchange CoinDCX.
"$TRADE listing on CoinDCX will provide its 75 lakh plus Indian users with another avenue to access trading tokens," it said in a release.
Furthermore, the listing would increase the liquidity of the $TRADE token and penetration into wider Indian communities. The listing is specifically made to cater to the demands of SMEs for working capital in India.
Prior to listing on CoinDCX, $TRADE has been listed on some of the major platforms in the world, including Kucoin, Uniswap, Quickswap, MEXC, Bitmart, and PancakeSwap. The listing on KoinBazar is also on the cards, PolyTrade said.
Speaking about the CoinDCX listing, Piyush Gupta, Managing Director and Founder of Polytrade, said: "We are delighted with the listing in India. This has been a huge step towards our goal of providing real-world borrowers with low-interest access and Quick". headless financing Significant working money, exploited by cryptocurrency lenders using bill financing. "
"India's SMEs will have a critical role to play in achieving Prime Minister Narendra Modi's goal of making India Atmanirbhar and a $5 trillion economy. Polytrade will ensure that these small businesses have sufficient working capital at their disposal for smooth operations in these pandemic times," Gupta further added.
Polytrade is a blockchain-based decentralized protocol aimed to transform receivable financing that connects buyers, sellers, insurers, and investors for a seamless experience. It will provide real-world borrowers with access to fast, low-interest financing to free up significant working capital tapped from crypto lenders.
Since its inception in 2014, Polytrade Finance has onboarded over 5,000 borrowers and financed over 250 borrowers with a cumulative value of $500 million from around the world.
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