March 24, 2022
By Anjali Kochhar
Cryptocurrency exchange CoinDCX has announced the launch of its Crypto Investment Plan (CIP) which will help investors invest a fixed amount in crypto at regular intervals.
According to the statement, CIP will offer investment instalments on a weekly basis where investors can invest a fixed amount every week. This enables users to benefit from rupee cost averaging, lowering market volatility risks over time and countering the volatile nature of crypto.
“With this feature, the investor will not have to stress about timing the market and can invest for the long-term to better manage market volatilities and enjoy the compounding effect of wealth over time,” the company said in a release shared with Blockchain Asset Review Thursday.
Commenting on the rollout of the new feature, CoinDCX chief executive and co-founder Sumit Gupta said, “Retail investors often find themselves at the crossroads as to which asset to invest in, and at what price to invest at. CoinDCX is actively working to develop products with a clear objective of providing our customers with the most value when they invest with us.”
“Customers have always been at the core of CoinDCX’s business, and we are committed to providing the best experience for our customers. As we continue to strengthen the user journey, the launch of CIP will make investment in crypto even more accessible, enabling more people to enjoy the rewards from the future of finance,” added Gupta.
This announcement comes as CoinDCX surpasses 1 crore (or 10 million) users on its platform and most recently enhanced its anti-money laundering protection with crypto-native surveillance and market integrity leader Solidus Labs.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.