Coindelta launches Flux, a new peer-to-peer exchange that India needs

Shubham Yadav, Head of Business, Coindelta says, "Flux will enable you to trade the same digital assets that you used to buy and sell on our flagship product, Coindelta. Exchange based on the similar model has been very inefficient so far, but we have worked out the dynamics for this and are coming up with a faster and a more efficient peer to peer exchange."

Flux is a trusted peer to peer network where people will be able to trade bitcoin, ethereum, ripple, and USDT. USDT is a stable cryptocurrency the price of which is pegged to $1. Flux and Coindelta will be integrated with each other seamlessly. Flux will go live on July 15.

The SC had earlier sought to club all the cases related to cryptocurrencies and had stated that an order would be passed on July 20th. The date, however, was rescheduled on the Internet and Mobile Association of India [IAMAI]’s request citing the RBI order was to be effective from July 5th.

"Many people are confused on what their cryptocurrencies be worth after July 5. It should be noted that cryptocurrencies or their trading are not illegal. You will still be able to buy or sell your bitcoins through peer to peer exchanges. There are so many crypto-to-crypto exchanges where you can trade one cryptocurrency with another," says Shubham.