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.
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.
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.
The historic judgement by the Supreme Court of India in March this year overturned the banking ban imposed by the Indian Central Bank RBI. The decision brought a lease of new life into the Indian crypto ecosystem where many were living in uncertainty for almost two years. The Supreme Court hearing not only helped the very few existing crypto startups and exchanges but also paved the path for many other entrepreneurs who were looking to start a crypto business outside India.The overruling of banking ban helped exchanges to make it easier for customers to invest in cryptocurrencies by adding direct bank transfers and INR support.
P2P lending has the potential to turn into a huge source of revenue for you, so why leave it untapped? The conventional banking model has serious limitations, so it is time to deploy technology like blockchain to simplify things for a large number of lenders and borrowers, and in the process, make some money (a lot of it in fact) for yourselves as well.
US-based R3 has been striving for enterprise blockchain adoption across verticals and exploring the industry usecases of blockchain in India.
The amount that Bitcoin has grown in recent years is staggering. In around a decade or so, it has gone from a relatively unknown asset to an incredibly popular and valuable cryptocurrency that has made front-page headlines across the world. It has shown a lot of promise and potential in both finance and tech.
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