The Indian market is hungry for crypto, with the country representing a high rate of adoption of digital currencies. Crypto tokens can be exchanged privately between individuals and do not depend on a central authority like a bank or stock exchange to set — or insure — their value, thereby embodying the “high risk, high reward” investment principle. Cryptocurrency companies provide exchanges, transaction platforms and other digital currency services. These are some of the companies driving Mumbai’s crypto economy.
Cryptocurrency Companies in Mumbai
CoinDCX
WazirX
CoinSwitch
TBX
ASQI Advisors
Top Cryptocurrency Companies in Mumbai
Drona Pay is a Mumbai-based financial technology company that builds risk and compliance software for banks, insurers, credit unions and non-banking financial institutions. Founded in 2021, it uses real-time transaction monitoring, machine learning and behavioral biometrics such as keystroke patterns and device fingerprinting to flag account takeovers, mule accounts and other fraud scenarios, including the proactive detection of cryptocurrency-linked fraud, where losses can escalate quickly. Its platform also offers anti-money laundering and counter-terrorist financing monitoring for typologies like layering, and a data analytics layer that integrates core banking, lending and card systems to build customer risk profiles and generate early warning alerts.
Delta Exchange operates a cryptocurrency derivatives platform that supports trading in crypto futures, options and interest rate swaps across major digital assets. Built for retail and institutional traders, the platform offers automated trading tools, deep liquidity and portfolio margin capabilities. Delta Exchange works as a remote-first organization and recruits employees throughout India.
CoinSwitch offers a trading platform for cryptocurrencies including Bitcoin and Ethereum, with access to hundreds more digital assets. Beyond standard exchange features, it provides professional-grade tools such as leverage, futures trading and options contracts with zero brokerage fees. Both the desktop platform and CoinSwitch mobile app support rupee-based conversions and serve more than 20 million users across India.
TBX builds open-finance and transaction banking infrastructure for financial institutions, fintechs and Web3 platforms. Its architecture incorporates blockchain ledgers and digital transaction solutions to automate escrow workflows, payment settlements and financial reconciliations. By supplying plug-and-play APIs, TBX helps enterprises and financial platforms streamline complex fund flows and digital asset transactions.
ASQI Advisors builds blockchain software for financial services within the agriculture industry. It runs its traceability and tokenization tools on Newrl, a layer-one blockchain, to record farming data on a tamper-proof ledger and verify sustainable practices across the supply chain. Using decentralized ledgers, ASQI tokenizes agricultural warehouse receipts so lenders can issue credit against stored commodities to help more than four thousand farmers secure financing. The company also offers advisory and monitoring services that help farmers and cooperatives scale their operations.
Nium provides payment infrastructure to businesses handling cross-border transactions. Its platform lets companies send and receive payments to contractors, employees and customers in over 190 countries, with real-time settlement in many markets. Beyond cross-border payments, Nium has expanded into digital assets, launching a stablecoin card issuance platform that lets businesses spend USDC on Visa and Mastercard networks, and joining Circle’s Payments Network to connect stablecoin settlement with its payout infrastructure.
WazirX is a financial software company that operates a cryptocurrency exchange where users buy, sell and trade digital currencies, including Bitcoin, Ethereum, Ripple and Litecoin. The platform also supports futures trading on crypto pairs with adjustable leverage for traders looking to diversify their strategies. It offers customer verification processes that allow investors and traders to vet each other before transacting, along with a portfolio management dashboard. WazirX has also introduced an AI-powered chat tool that helps users research market movements, explore portfolio holdings and place trades directly within the platform.
CoinDCX is a cryptocurrency services company that offers a currency exchange platform as well as crypto-oriented financial services and products that aid in trading and investments. It handles more than 500 crypto assets and facilitates futures trading, margin trading, spot trading and simple transactions. CoinDCX margins trading offers trades across more than 400 markets.
Catax produces automated cryptocurrency tax and web3 accounting software for crypto traders, investors and businesses. Its platform connects directly to decentralized wallets, blockchain networks and centralized exchanges to consolidate transaction data, calculate tax liabilities and generate audit-ready reporting documents.
NUO develops decentralized finance protocols that enable cryptocurrency lending, borrowing and margin trading. Operating through smart contracts, NUO allows digital asset holders to earn interest on holdings or secure loans without relying on traditional intermediaries. The platform also brings decentralized financial services to web3 users through automated, self-custodial smart contracts.
Alpaca designs developer-first API infrastructure that allows platforms to integrate stock and cryptocurrency trading capabilities directly into their applications. Its developer platform handles order execution, clearing and real-time market data streaming for both traditional equities and crypto assets. Alpaca operates a fully distributed global team and hires remotely in India.
Yes Bank offers commercial, retail, investment and corporate banking services. The company is heavily involved in digital banking and works with non-banking financial institutions to provide payment services such as payment solutions and co-branded credit cards. The bank has also integrated its digital rupee wallet with the Unified Payments Interface, allowing customers to scan standard UPI QR codes and pay merchants directly using digital rupee balances rather than conventional bank transfers.
Tangem manufactures hardware cryptocurrency wallets and smart card security solutions. The company produces card-shaped cold-storage devices featuring embedded security chips that safeguard private keys and interface with mobile devices via near-field communication. Tangem operates on a distributed remote model and hires talent across India for technical and product roles.
Revolut is a global banking and trading platform. The Revolut app lets users buy, sell and trade more than 300 cryptocurrencies, which are held through licensed custodians using cold storage and multi-signature wallets. For more active trading, Revolut X, the company’s standalone exchange, offers market and limit orders across 200 plus tokens with tiered fees as low as zero percent for maker orders.
VAP Group is a blockchain consulting firm that supports Web3, blockchain and cryptocurrency companies with media relations, public relations, recruitment and technology strategy services. It helps clients build brand presence in the blockchain space and assemble teams through its recruitment and staffing offering for decentralized technology projects. The firm also advises companies preparing for the Global Blockchain Show, an international conference that connects blockchain founders, enterprises and investors around use cases spanning finance, digital identity and enterprise adoption.
