For the original news story, please visit https://www.prdistribution.com/news/crypto-exchange-cgcx-io-enters-india-to-set-up-the-first-insured-otc-desk-and-digital-asset-custody-for-cryptocurrencies.html To learn more about CGCX.io, visit www.cgcx.io Source www.globenewswire.com
About CGCX.io The company’s objective remains to secure tokens in wallets trading on their exchange and protect these tokens from cyber-attacks and hacks through their highly sophisticated insured hybrid cryptocurrency trading platform. Plans are also underway to facilitate real estate tokenization. Users of CGCX.io services will be able to trade fiat currency for cryptocurrency and purchase a home or property using crypto.
CGCX.io launched its services in 2017, offering the first-ever insured hybrid-crypto exchange on a multi-service platform. In an astonishingly short time, CGCX.io has successfully expanded its reach into other industries, including Investment Banking and Real Estate, with plans to get listed on US regulated exchanges in the near future. CGCX.io ventures into the Indian market with an additional benefit; it serves as a fully insured custody solution for institutions, which means it can hold large quantities of crypto assets in its independent storage. Cryptocurrency custody solutions are becoming increasingly important to safeguard crypto assets. They’re slowly replacing online wallets which have proven to be susceptible to hacks, and private offline keys which could be lost or stolen. Institutional investors face more significant risk than individual investors when it comes to safeguarding access to their tokens, hence requiring a crypto custody solution.
The News Highlights
- Crypto Exchange CGCX.io enters India to set up the first insured OTC counter and custody of digital assets for cryptocurrencies
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