This is a significant achievement for the Radix (XRD) ecosystem as Coinstore, among Asia’s leading cryptocurrency trading platforms, extends its hands to include XRD in its marketplace. This expansion considerably increases the reach of Radix’s ecosystem since millions of users will be able to get their first experience in DeFi through Coinstore.
Expanding Radix’s Reach in Asia
The recent decision of Coinstore to list XRD could not have come at a better time, considering the increasing interest in Radix, especially among crypto enthusiasts within the Asian region. About 9.5M users use the services offered by Coinstore, such as spot trading, futures trading, Launchpad, and other earning products. Through the integration with XRD, Coinstore opens up new opportunities for its now expanded user base and Radix, which has marked increased usage since the Babylon Mainnet’s release in September of 2023.
Boosting Market Accessibility
The Asia-based exchange Coinstore is an influential player in cryptocurrency trading, having an average 24-hour spot trading volume of over $349,212,904 and 150,000 active users daily. With the integration of XRD, Radix can tap into this reach; this move may pull a substantial part of Coinstore’s volume and user engagement into its DeFi ecosystem. This increased accessibility aligns with Radix’s strategy to grow its ecosystem and pull in users, developers, and investments into DeFi.
The Growing Demand for Radix in Asia
The integration of Radix with Coinstore also speaks volumes about the emerging need for DeFi solutions in Asia, which is known to have high-spirited crypto users. Chainalysis ranked the top 20 countries by cryptocurrency adoption rate; seven of them are from Asia, which has been interested in exploring different blockchain technologies. While using Radix, which is actively expanding in this emerging market, the connection with Coinstore strengthens the position. The platform can be a gateway for the new audience seeking opportunities in defi.
Looking Ahead: Radix’s Future Growth
The extensive services offered by Coinstore enable XRD to have good prospects for development, and with the Asian market developing actively, this listing may act as the key to Radix’s success and becoming one of the leaders in DeFi. Thus, this integration represents another step of cryptocurrencies closer to the interaction of traditional exchanges with decentralized ones to make the financial world faster, more accessible, and more connected.
