Saturday, 25 May 2024

Crypto News

Pullix hybrid exchange enters market as Google and Apple pull major exchanges from stores in India

Crypto exchange Gemini to invest $24 million in India hub

  • Binance, OKX apps removed from Google, Apple stores due to PMLA non-compliance.
  • Indian traders flock to compliant platforms like WazirX, CoinSwitch Kuber, post-app removals.
  • Pullix’s PLX presale gathers steam fueled by its innovative trade-to-earn model.

In a significant turn of events, Google and Apple have removed major cryptocurrency exchanges from their app stores in India. This move follows heightened regulatory scrutiny by the Financial Intelligence Unit of India (FIU-Ind).

Meanwhile, Pullix, an emerging trading exchange, is making waves with its ongoing PLX token presale, offering unique features and a game-changing revenue-sharing mechanism.

Pullix: hybrid crypto trading platform

Pullix, an innovative hybrid trading exchange currently conducting the presale of its native token, PLX, is making waves in the cryptocurrency space as popular exchanges face the wrath of regulatory authorities.

Ushering in a new era of trading experiences. The PLX token stands out as the market’s first “Trade-to-Earn” cryptocurrency, allowing users to earn instant rewards for trading on the platform and completing challenges.

The PLX presale is generating significant interest, with analysts predicting a 580% rise in the presale and a potential 100x increase on launch. The presale is in its sixth stage and the price has risen considerably from the initial price of $0.04 to its current price of $0.08.

As the presale progresses, investors and traders are drawn to the PLX token’s unique revenue-sharing mechanism. Holders have the opportunity to profit from the daily revenue of the exchange, earning a fixed passive income by providing liquidity to automated market makers once the exchange launched later in January. This approach sets Pullix apart, offering a reliable source of income in the volatile crypto landscape.

India’s crypto clampdown: Google and Apple remove exchanges

The crypto landscape in India is undergoing a seismic shift as major exchanges face removal from both the Google Play Store and Apple App Store. Binance, OKX, KuCoin, and others have been blocked following notices from the FIU-Ind, stating that these exchanges are operating illegally without registering as reporting entities under the Prevention of Money Laundering Act (PMLA).

This regulatory action is part of a broader effort to bring offshore crypto exchanges into…

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