Popular Indian crypto exchange CoinDCX is set to add the CHZ/INR trading pair, allowing users to purchase $CHZ directly on the platform using Indian Rupees (₹INR).
Deposits and withdrawals will begin at 4pm in India (12.30pm CEST) today (Tuesday May 12th) and trading will go live at 6pm (2.30pm CEST), with the new trading pair in addition to existing CHZ/BTC & CHZ/USDT pairs on the exchange.
$CHZ is the utility token that fuels Chiliz — a leading fintech company in the sports & entertainment space, specialising in blockchain-based fan engagement. Chiliz offer fan engagement solutions through their fan voting & rewards app Socios.com.
Partners include major soccer clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, AS Roma, CA Independiente, esports giants OG and, as of last Thursday (May 7th) UFC® — the world’s premier MMA organization.
The addition of the new trading pair will significantly increase the liquidity of $CHZ in the Indian market. Increasing the accessibility of $CHZ in key markets across the globe is an important part of our strategic plan, with potential new partnerships in leading sports in India — and other international markets — on the horizon.
Additional listings in key markets in recent months include Upbit.com in South Korea and Paribu.com in Turkey. Trading on Chiliz.net, our world-first crypto exchange platform for sports & entertainment, got underway as of April 15th last month with the launch of the $JUV (Juventus) Fan Token. Fan Token trading for all existing Socios.com partners is set to follow in Q2, with additional Fan Tokens to go live on the platform throughout 2020.