With exchanges widening their footprint in India, a new revolutionary industry has sprouted.
In the past few years, digital penetration has fueled growth at both the levels- consumer and enterprise. Further to this digital wave of innovation, advent of crypto currency is one of the most talked about reforms. With exchanges widening their footprint in India, a new revolutionary industry has sprouted.
These exchanges not only brought in a new technology but also some unique features in regard to investor’s experience and product portfolio. Increasing demand highlights the growing trust and interest of investors or buyers. Some of the exchanges gaining popularity are:
Launched in 2012, BuySellBitco.in was renamed as Zeb IT Service Pvt. Ltd. in 2014 and the company was registered in Singapore. Its app is called Zebpay. The company’s headquarters are in Ahmedabad. Founded by Mahin Gupta in 2012, the company acquired two more partners – Sandeep Goenka and Saurabh Agrawal – in the 2014 rebranding, becoming a mobile bitcoin company. In 2016, Zebpay raised Series A funding of around $1 million led by Arjun Handa, CMD and VP of Claris Lifesciences, along with Amit Jindal, MD of Jindal Worldwide, and other investors. The platform’s aim is to make the revolutionary bitcoin technology simple so that the average Indian can be a proud owner and user of bitcoins.
Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the cryptoasset industry. Every month, Unocoin processes transactions worth more than Rs. 2 billion for its 1million+ customers. Unocoin is responsible for industry-leading innovations such as the Bitcoin Systematic Buying Plan(SBP), Bitcoin Point of Sale (POS) App and Bitcoin Over-The-Counter trading (OTC). In September 2016, Unocoin has raised $2 million in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history.
Koinex is India’s first and most advanced cryptocurrency trading and exchange company. Incepted in August 2017 in Mumbai, the web platform facilitates real-time trading of multiple cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin.
By operating on a peer-to-peer exchange model, the live, open order book exchange enables users to discover the best price. Potential buyers can place their bids and sellers may set ‘asks’ for the cryptocurrency they want to trade in, keeping the entire transaction transparent. Since the prices of digital assets are determined by their demand and supply similar to any other market-linked assets, anyone can view the open orders and trade histories of listed cryptocurrencies on the platform, and take an informed decision to transact based on real-time prices.
Coinome is an Indian Cryptocurrency Trading Exchange that has been crafted to offer excellent user-experiences, without any compromise on the security. Coinome facilitates simple on-boarding with Instant e-KYC and enables users to instantly start transacting in their preferred crypto-currency. Coinome supports crypto-currency transactions round the clock, allowing instant free deposits using payment gateway and instant free withdrawals, not hindered by approval delays or holidays or banking hours. As an open order book Crypto-currency Exchange, Coinome offers optimum price discovery to users. Potential buyers can put up ‘bids’ and sellers may put up ‘asks’ at Coinome, keeping the entire transaction transparent.
Started in 2014, this Delhi-based startup is a real-time bitcoin trading platform. It offers a bitcoin wallet and exchange along with trading merchant services and blockchain-based services. Started by Benson Samuel and Mohit Kalra, the company raised USD 1.2 million from an undisclosed group of angel investors in 2016.
WazirX is India’s most trusted bitcoin exchange, also enabling Indians to build up their digital assets by buying, selling or investing in other crypto-assets, such as Bitcoin, Litecoin, Ethereum, Ripple etc. In addition to supporting the leading crypto-currencies, WazirX also announced the launch of India’s own digital asset, WRX.
Source : ICOnow