News30 August 2021

Australian MRHB DeFi and Coinsbit India Collaborate To Reach More Than 200 Million Indian Muslims

Australian MRHB DeFi and Coinsbit India Collaborate

Summary

· India’s leading crypto market collaborates with MRHB DeFi

· Halal DeFi Ecosystem to make crypto accessible to Muslims in India

· MRHB DeFi to launch the $MHB (Marhaba Token)

· MRHB DeFi to lead Coinsbit marketing efforts in Australia

The leading cryptocurrency market in India, Coinsbit, has announced a collaboration with the first halal DeFi ecosystem MRHB DeFi in a plan to see more than 200 million Indian Muslims finally gain access to faith-based cryptocurrency opportunities. This will make Coinsbit the first exchange in India to introduce Sharia-compliant projects on the platform.

There are more than 200 million Muslims in India, making up 10% of the world’s population. This new partnership will see to it that Muslims are not excluded from investing in cryptocurrency based on faith principles.

MRHB is set to conduct the first exchange offering (IEO) on the Coinsbit platform when it launches, thereby introducing the $MHB (MarhabaToken) to the world. The DeFi ecosystem will use the Coinsbit portal to allow users to use the exchange to trade crypto assets from their Sahal Wallet.

This is a mutually beneficial collaboration where Coinsbit will avail a platform for users to trade $MHB. MRHB DeFi will also lead marketing efforts in a bid to bring Coinsbit to the Australian market. This partnership is expected to help these two institutions grow substantially.

Kibet Elikana
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