BillDesk-Backed Coinome Launches As A Cruptocurrency Exchange In India

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Mumbai-based payment gateway company Billdesk has launched Coinome, a platform for cryptocurrency exchange, in India. Coinome currently offers the trading of Bitcoin and Bitcoin Cash.

Coinome allows users to be onboarded via an instant e-KYC process. Under the process, a user needs to register his/her Aadhaar number, post which an OTP is sent for the verification and activation of the account. The exchange platform supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays.

“In the next one year, our target is to support up to 20 popular cryptocurrencies and promoting the same within Indian masses as commercially viable alternatives for building their digital assets,” said Vivek Steve Francis, CEO of Coinome.

As an open order book cryptocurrency exchange, Coinome offers optimum price discovery to users.

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 organizations interact and transact with one another.”

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