Coinome launches in India looking to support up to 20 popular crypto-currencies

Indian cryptocurrency trading exchange platform, Coinome has launched in India. Headquartered in Mumbai, Coinome is from Hatio Innovations Pvt. Ltd, a wholly owned subsidiary of BillDesk.

Coinome provides seamless on-boarding experience and is the first crypto platform in India to allow users to be on-boarded simply and quickly via Instant e-KYC. The e-KYC process means that users can start transacting in crypto-currencies almost immediately upon registering.  The exchange platform supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays.

Talking about the launch, Vivek Steve Francis, CEO of Coinome said, “India, with a limited number of exchanges supporting multiple crypto-currencies, offers immense opportunities. In the next one year, our target is to support up to 20 popular crypto-currencies and promoting the same within Indian masses as commercially viable alternatives for building their digital assets.”

BillDesk is India’s largest payment solutions platform handling over USD 50 billion consumer digital payments annually.  They will support Coinome in promoting crypto-currencies as viable avenues for investments, transactions and building digital assets.

Commenting on this initiative, Srinivasu MN, Cofounder and Director of BillDesk said, “Advancements in Blockchain as well as crypto-currency space are happening at a rapid pace.  We are making the long-term bet that digital currencies are going to be powering transactions in the future and change the way consumers and organisations interact and transact with one another.”