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 the companies driving Mumbai’s crypto economy.
Cryptocurrency Companies in Mumbai
- CoinDCX
- WazirX
- CoinSwitch
- SPORTZCHAIN
- ASQI Advisors
Top Cryptocurrency Companies in Mumbai
CoinSwitch offers an advanced trading platform for cryptocurrencies including Bitcoin and Ethereum. More than a simple exchange, CoinSwitch offers professional-grade tools like leverage, futures trading and liquidity pools. Users can opt for a desktop trading experience or the CoinSwitch mobile app, which both boast low commissions and rupee-based conversions.
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.
ASQI Advisors is a fintech company that makes blockchain software for financial services within the agriculture industry. Using decentralized secure ledgers and cryptocurrencies, it offers management of agricultural commodities, traceability and verification of farming practices, plus financial partnerships that allow farmers to grow and scale their businesses.
WazirX is a financial software company that offers a cryptocurrency exchange platform where users can buy, sell and trade digital currencies, including Bitcoin, Ethereum, Ripple and Litecoin. It offers customer verification processes within its platform that allow investors and traders to vet each other before making transactions, as well as a portfolio management dashboard.
Nium is a fintech company that provides payment infrastructures to businesses that handle currency exchange as part of their payment operations. Its cross-border payment services allow companies to transmit and receive payments from contractors, employees and customers around the world, with nearly instant payments. Nium partners with blockchain company Partior to provide payment processing with cryptocurrencies.
Drona Pay is a financial technology and services company that offers high-tech fraud prevention. Used by insurers, banks, credit unions and non-banking financial institutions, the company uses emerging technology to build tools that protect companies against fraud, waste and abuse of resources. One of its areas of expertise is in proactively identifying cryptocurrency fraud, which can be devastating due to the potential speed and magnitude of losses.
Revolut is a banking and financial services company. Its stated mission is to support individual consumers in managing their money. To that end, it offers services in savings, investments and insurance. On the Revolut app, users can also buy, sell and trade cryptocurrencies, which are safely held in virtual accounts by the company.
SPORTZCHAIN is an engage-to-earn, or E2E, platform for sports fans and gamers. In its digital ecosystem, players can transact with site-specific sports tokens, using the $SPN cryptocurrency and casting votes for the jersey designs of real-world sports teams. This native token was minted in 2022 and is the coin of the realm for all SPORTZCHAINS betting and transactions.
Financial services company Yes Bank offers commercial, retail, investment and corporate banking services. It is heavily involved in digital banking and works with non-banking financial institutions to provide payment services. Yes Bank offers transactions using the digital rupee, a tokenized digital currency issued by the Reserve Bank of India.
VAP Group is a blockchain consulting firm. It works in a variety of capacities, from media and PR to technology strategy, to provide a full suite of supportive services to Web3, blockchain and cryptocurrency companies. The company also advises in preparation for The Global Blockchain Show, an international conference of blockchain professionals and organizations.
