Indian Exchange CoinDCX Launches DeFi Mobile App Okto

Indian exchange CoinDCX launches DeFi mobile app Okto. "For crypto to succeed (in India) consumers will have to migrate to Web3 and DeFi setup and at the moment, it's very complex to access DeFi," said co-founder Neeraj Khandelwal. "First of all you have to deal with seed phrases and private keys and that's very difficult for a common man to understand. Keeping it safe is another nightmare. And moving assets from one chain to another for a layman is very complex and prone to so many risks." Okto will aim to help users securely navigate DeFi and access thousands of tokens from multiple DEXs across chains with its in-built wallet and swap crypto anytime, anywhere and maximize their yields with access to the best liquidity pools in DeFi.