CoinDCX, one of the largest cryptocurrency exchanges in India, has their platform to support ETH 2.0 pricing pending the launch of Ethereum 2.0.
With the launch of the first phase of Ethereum 2.0 on December 1, CoinDCX is now “ready” to present the ETH 2.0 awards to the global crypto community, the exchange leaders announced on November 10.
According to the announcement, CoinDCX’s smart contract solution will allow users to bet on ETH with less than 32 Ether (ETH) – the minimum amount required to participate in ETH 2.0 mode. CoinDCX co-founder Neeraj Handelwal told Cointelegraph that the contract will allow users to bet ETH between 0.1 and 1000 ETH in a single transaction.
The representative confirmed that CoinDCX’s solution allows users to charge any amount per transaction, saying:
ETH 2.0 requires users to have 32 ETH in order to create auditors and participate in the effort. This will prevent small investors from participating in the games. Additionally, if a user wants to invest more than 32 ETH, it is more effective to initiate multiple verification nodes, which complicate the business. ”
The new game option appears on CoinDCX in two steps. As part of the first phase, CoinDCX users will be able to start placing ETH on the platform “next week,” Handelwal said. Handelwal added, the second phase, which is expected to make deposited funds liquid for at least a year, will start a few weeks after the launch of the ETH 2.0 interest rate.
CoinDCX’s announcement of support for the ETH2 effort came shortly after Ethereum finally rolled out a deposit contract for ETH 2.0 on November 4. The launch of the contract paved the way for Ethereum for ETH 2.0, so that potential participants could contribute 32 Ether to the contract to prepare. For the start.
Exchange’s moves to support ETH 2.0 efforts seem to have a significant impact required to raise a total of 524,288 ETH to launch Ethereum 2.0 Phase 0. As one of the largest cryptocurrency exchanges in India, CoinDCX is targeting one of the fastest growing digital currency markets in the world. As previously reported, India has experienced explosive growth in the cryptocurrency industry since the Supreme Court lifted a two-year ban on cryptocurrency banking in March 2020.
CoinDCX already offers some gaming services on the platform. In August 2020, CoinDCX launched its cryptocurrency service, introducing altcoin games such as Harmony (ONE) and QTum (QTUM).