Polytrade Finance, a decentralised finance (DeFi) lending platform that uses crypto liquidity to provide operating cash to SMEs in the real world, announced its debut on cryptocurrency exchange CoinDCX on Thursday. “$TRADE’s listing on CoinDCX will provide another way for CoinDCX’s 75 lakh-plus Indian users to access trade tokens,” the decentralised financial platform said in a statement.
Furthermore, the listing will improve the $TRADE token’s liquidity and penetration into larger Indian populations. The listing was created primarily to meet the needs of small and medium-sized businesses (SMEs) in India for operating capital.
Commenting on the CoinDCX listing, Polytrade MD and founder Piyush Gupta said “this has come as a giant leap towards the company’s goal of providing real-world borrowers access to low interest and swift financing to free up critical working capital, tapped from crypto lenders using invoice financing. Prior to its listing on CoinDCX, $TRADE has been listed on some of the world’s leading platforms including Kucoin, Uniswap, Quickswap, MEXC, Bitmart, and PancakeSwap. A listing on KoinBazar is on the cards as well.”