CoinDCX, an Indian cryptocurrency exchange, has expanded its self-custody wallet, Okto, by integrating major on-ramp platform Transak. This integration has immediately been made available on Okto, which was launched in August 2022.
Neeraj Khandelwal, CoinDCX and Okto co-founder, told Cointelegraph that the integration of Transak has increased the number of supported countries from 60 to 155 jurisdictions. This allows users to buy cryptocurrencies like Bitcoin (BTC) directly on Okto using a variety of fiat currencies, such as the U.S. dollar, euro, and Hong Kong dollar.
Prior to this integration, the only way for users to send crypto to Okto was by sending the digital currency from an external wallet like MetaMask. According to the App Store, Okto now allows users to store more than 1,000 tokens across multiple chains, such as Polygon, Fantom, and Avalanche. Still, a spokesperson for Okto stated that users can have up to 3,000 tokens in the wallet.
The process of integrating Transak on Okto began in April 2023, with the official rollout to all customers occurring in mid-September. Some online users in India reported having issues with Transak as early as August 2023, when testing was being done.
Transak is a global Web3 payment and onboarding infrastructure provider that is connecting traditional finance and digital assets. It is being utilized by MetaMask, Coinbase, and PancakeSwap, among other platforms. This week, Transak announced an integration with the Open Network’s (TON) wallet, Tonkeeper, enabling it to buy Toncoin (TON) directly with fiat from more than 150 countries.
