Koinex exchange explored new blockchain solutions after launching Loop.
Over the last years, the soaring popularity of Bitcoin encouraged many cryptocurrency exchanges to come up with different ideas in the cryptocurrency market. Actually, many of the cryptocurrency startups managed to raise funding.
Koinex is exploring many other blockchain use cases for various industries and sectors. It is open to collaborating with the government or industry players or category leaders in order to forge alliances and co-develop sophisticated solutions.
Apart from blockchain solutions, Koinex exchange is also exploring other sectors such as health care, education, governance, real estate and digital media.
Homegrown is a Mumbai-based Koinex exchange. This startup is one of the living examples and has VC’s growing fondness for investments in Indian cryptocurrency and blockchain startups.
Homegrown is founded by the Rakesh Yadav, Rahul Raj, and Aditya Naik on August 2017. Within five months of its launch, it has successfully closed a pre-series A round of funding. This A round of funding was led by Drik van Quaquebeke, managing Partner of Beenext, and Daniel Morehead, founder, and CEO of Pantera Capital.
The Reserve Bank of India has announced the banks and other related services to stop dealing with cryptocurrency exchanges. In order to ease the effect of RBI circular, this exchange has come up with an innovative collateralized peer-to-peer (P2P) crypto transactional solution, called Loop.
The circular of RBI has shown a far-reaching impact on the cryptocurrency market of India. In spite of the RBI circular, this platform enables crypto-INR trading and enables users to carry out crypto investments across worldwide, as reported by INC24.
Within a short period of time, Koinex became the most trusted digital assets due to ‘consumer-centricity’. This exchange is constantly looking for the better ways to give a user the best experience by improving the productivity and robust security of the platform.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]