Our guest for this episode is Rahul Raj, CEO and co-founder of Koinex (https://koinex.in/). Koinex is one of India’s leading cryptocurrency exchanges and peer to peer marketplaces which is backed by leading investors such as Pantera Capital (https://www.panteracapital.com/) and Beenext (https://www.beenext.com/).

Rahul is a graduate of the Indian Institute of Technology and has dabbled in various startups and social entrepreneurship initiatives before starting Koinex.

Tune in to hear about:

  • Rahul’s background and intro
  • How Koinex (India’s first KYC compliant multi currency exchange) came about
  • Why Koinex initially decided to have only fiat to crypto pairs for all cryptocurrencies
  • Customer journey for transacting
  • Different steps involved in setting up a crypto exchange
  • Three important pillars of setting up an exchange: scalability, security, customer support
  • Other factors to consider while setting up an exchange: UI/UX, liquidity, ecosystem development
  • Building an exchange in house vs. using a white label solution/third party integrations – pros and cons
  • Where does an exchange source their crypto from?
  • How Koinex built liquidity on the platform
  • Highest daily trading volume that Koinex saw – USD 265m
  • Why BTC was trading at a premium in India
  • Reserve Bank of India’s (RBI’s) current stance on crypto and way going forward
  • How the crypto-exchanges responded to the RBI directive
  • Koinex Loop (https://koinex.in/loop) – the crypto marketplace
  • Improvements of Koinex Loop over LocalBitcoin and LocalEthereum
  • Challenges with Koinex Loop as far as fiat is concerned
  • Koinex’s roadmap and plans beyond an exchange
  • Views on the Blockchain and Cryptocurrency ecosystem in India
  • Projects beyond Koinex that Rahul is excited about: Ethereum, BAT

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