Crypto trading platform KoinBX is planning to expand its operations in emerging markets like Southeast Asia, UAE, and parts of Africa. In an exclusive interview with UnoCrypto, Saravanan Pandian, Founder and CEO, KoinBX said “We are actively planning to expand into emerging markets, particularly regions like Southeast Asia, the UAE, and some parts of Africa.”
Additionally, the platform is also aiming at working on introducing advanced trading options like futures and staking.
KoinBX Eyes Emerging Markets Expansion
On being asked about why emerging markets Saravanan Pandian said “These areas show immense potential for crypto adoption due to factors such as increasing smartphone and internet penetration and growing interest in alternative financial investments. KoinBX entering these markets will empower people with greater financial inclusion.”
In order to expand in any region, the important factor for any crypto exchange is to comply with regulatory measures. Most crypto exchanges like Binance and Coinbase have had to face issues in obtaining licenses and regulatory approval.
Commenting on being compliant with regulators, Saravanan Pandian said “Regulatory compliance is THE foundation of our expansion strategy. Before we make inroads into any new geography, we ensure we have done the required due diligence in understanding the local regulations.”
He adds “Our dedicated compliance team works with regulators to ensure there is complete adherence to all regulation-based requisites. Our aim is to create long-lasting collaborations and partnerships by maintaining open communications.”
KoinBX Aims Listing Plethora of Coins
At present, memecoins have taken the entire crypto world’s attention. The gain in the demand for memecoins comes amid a large capital flow in the crypto world.
However, KoinBX is looking to list multiple coins in the future. “While memecoins appear to be the rage, it is important to note that we offer multiple crypto assets, apart from memecoins. Before listing, we carry out the required due diligence to ensure the safety of our investors,” adds Saravanan Pandian.
He also adds “Having said that, we are currently running a SHIB referral campaign where new users can participate and own 1,25,000 SHIB if they carry out some pre-determined actions when they sign up on our platform.”
KoinBX also aims to evaluate and increase its crypto offerings based on audience demands, credibility, and community interest. In the interview, Saravanan Pandian said “We prioritize investor interests and do due diligence around the crypto tokens we introduce to the market. We work tirelessly to provide our users with access to exciting new projects and varied trading opportunities to enhance our appeal.”