While blockchain technology is developing fast around the world, and there are not many Indian startups working in distributed ledgers. The main reason behind the fact is that there has been regulatory clarity on the use of public blockchain networks in India for years. According to analysts, a proper regulatory framework can promote innovative blockchain startups.

Nevertheless, in this article, we bring to you some of the the leading blockchain startups based out of India, and their unique role in the crypto-economy. The following startups work across different domains including exchanges, and DeFi platforms, smart contracts and layer 2 scaling solutions. Please note that the startups appear in alphabetical order.

1| CoinDCX

CoinDCX was launched in April 2018 by Neeraj Khandelwal and Sumit Gupta in Mumbai. The startup provides users with single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance. Its proprietary aggregation model offers the highest liquidity from leading global crypto exchanges. Users can buy and sell more than 100 coins instantly with INR.

The platform’s other product is Lend, which is a credit facility to help users earn interests on cryptocurrencies. Apart from this, the startup has also introduced DCX Learn, a platform for people through which they can gain knowledge about cryptocurrency and blockchain technology. CoinDCX raised 5.5 million investment so far from leading venture capital firms such as Polychain Capital, Coinbase Ventures, Bain Capital Ventures and HDR Group.

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