Backed by BillDesk, Coinome launches as a cryptocurrency exchange in India

Propelled by the vision of mainstreaming crypto-currencies, the 'Coinome' platform has been launched in India. Headquartered in Mumbai, Coinome is from Hatio Innovations Pvt. Ltd., a wholly owned subsidiary of BillDesk.

Coinome operates a crypto-currency exchange and is the first crypto platform in India to allow users to be on-boarded simply and quickly via Instant e-KYC. The platform provides a seamless on-boarding experience and the e-KYC process means that users can start transacting in crypto-currencies almost immediately on registering.

The exchange platform supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays. As an open order book Crypto-currency exchange, Coinome facilitates transparency and best price discovery amongst the buyers and sellers.

BillDesk is India's largest payment solutions platform handling over USD 50 billion consumer digital payments annually. BillDesk has been the leader in driving electronic payments and digital commerce in India over the last 17 years. Its expertise in secure online payments, along with its market leadership position will support Coinome in promoting crypto-currencies as viable avenues for investments, transactions and building digital assets.

"At Coinome, we are excited to bring crypto-currencies to the masses. India, with a limited number of exchanges supporting multiple crypto-currencies, offers immense opportunities. We would fundamentally like to provide Indian users with a secure and convenient means for buying or selling Bitcoins, and other crypto-currencies. 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," said CEO Coinome, Vivek Steve Francis.

"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," said co-founder and director of BillDesk, Srinivasu MN.