CoinDCX, a major Indian cryptocurrency exchange, is expanding the capabilities of its self-hosted wallet called Okto by integrating with the prominent onboarding platform Transak. This integration, announced on October 5, aims to enhance Okto's global reach and functionality.
Okto, the multi-chain cryptocurrency wallet introduced by CoinDCX in August 2022, has now integrated with Transak, effectively expanding its user base from 60 countries to 155 jurisdictions. With this integration, Okto enables users to purchase cryptocurrencies like Bitcoin directly within the app using various fiat currencies, including USD, EUR, and HKD.
Before this integration, users had to transfer funds from an external decentralized wallet like MetaMask to Okto. However, Transak's integration allows for seamless fiat-to-crypto conversions within the Okto app.
Transak is a global Web3 payments and onboarding infrastructure provider, serving as a bridge between traditional finance and digital assets. It is widely used by platforms such as MetaMask, Coinbase, and PancakeSwap for on-ramp services in the cryptocurrency industry.
This collaboration between Okto and Transak began several months ago, with an official rollout to all customers taking place in mid-September. Okto supports storage for over 1,000 tokens across various blockchain networks, including Polygon, Fantom, and Avalanche.
Transak's recent integration with Tonkeeper, a wallet for The Open Network (TON), further highlights its expansion into different blockchain ecosystems, allowing users to purchase Toncoin (TON) directly with fiat currencies from more than 150 countries.
