Koinex P2P cryptocurrencies raised pre-series A funding

Koinex.in raised the Pre-Series A funding for an unspecified amount. Mumbai-based startup will use the funds to upgrade technology infrastructure, improve products and expand teams in serving peer-to-peer exchanges for bitcoin, bitcoin cash, ethereum, litecoin, and ripple.

Koinex raises the A-Series funding led by Beenext's Dirk van Quaquebeke and Pantera Capital's Daniel Morehead. The investment will be used by Koinex to increase real-time trading facilities and more crypto in a single platform based on a peer-to-peer exchange model.

Tinuku Koinex P2P cryptocurrencies raised pre-series A funding

The multi-cryptocurrency trading and trading platform was established by Rahul Raj, Rakesh Yadav and Aditya Naik in August 2017. The startup has previously received seed funding from Beenext and other angel investors to facilitate real-time trading of bitcoin, ethereum, ripple, bitcoin cash and litecoin on one platform.

Koinex says the platform has an open and direct message exchange feature offering transparent pricing for every registered digital asset that enables potential buyers to place their bids and sellers assign cryptoes they want to trade.

"The global market has passed a critical point for bitcoin and other cryptools that have shifted from the trend to a full-fledged technological and financial phenomenon. Our goal is to become a market leader in blockchain technology and cryptocurrency exchange platforms in India as well as worldwide," Raj said.