Operating India’s largest crypto-assets exchange, Unocoin urges customers to carry on and invest smartly

Unocoin is a Bangalore based technology startup and India’s first entrant into the bitcoin industry was Incepted in the year 2013 was founded by SathvikVishwanath. Actually was born in...

Unocoin is a Bangalore based technology startup and India’s first entrant into the bitcoin industry was Incepted in the year 2013 was founded by SathvikVishwanath. Actually was born in the small town of Tumakuru, Karnataka in India in the year 2013, later was expanded operations to Bangalore.

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The company operates India’s largest INR-BTC and other crypto assets trading platform that enables Indians to buy, sell, store, use and accepts crypto-assets.

 

SathvikVishwanath, Co-Founder & CEO of Unocoin, has over 15 years of entrepreneurial experience building software systems in the financial and virtual reality industry. Harish B V, Co-Founder & Chief Financial & Compliance Officer has spent over 15 years in the financial and telecommunications industry. AbhinandKaseti, Co-Founder & CMO has over 5 years of entrepreneurial experience in building marketing & networking system in the communications industry.Sunny Ray, Co-Founder & President of Unocoin having spent over 15 years in business development in the robotics and financial industries.

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Presently, Unocoin processes transactions worth more than INR 2B for its 1,200,000+ customers, every month.

The initial kickstart for Unocoin happened when renowned Bitcoin investor Mr. Barry Silbert infused 250,000 USD into the business as seed funding making it the first bitcoin company to receive foreign funding. In fact, in just 4 years since inception, the company has drawn more than 30 top investors from 5 countries. In September 2016, Unocoin has raised $2 million in a Pre Series-A round, the highest total raised for a crypto-asset venture in Indian history. Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures along with prominent international investors such as Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital, Huiyin Ventures, Dream Incubators and FundersClub to move faster towards its vision of Making Money Simple through its mission Bringing Bitcoin to Billions.

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Unocoin is now looking to have 4x the customer base and develop the products that either form the infrastructure for the crypto-assets industry in India or remove the complexity in digital assets to make it accessible to a common man.

We definitely are not denying any prompt investments into the company by reputed investors, although, we are not actively seeking the same.Said Founder

Unocoin has launched a new order-based trading feature on its platform as part of a suite of updates on its iOS and Android application. The new feature on the platform is currently built to support six major crypto assets – Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP). The Stellar (XLM) coin will soon be released.

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Their customers are everyone, who is looking to invest in virtual assets and be future ready with digital assets to their kitty. In a span of 4 years, we have come to serve more than 1,200,000 customers, processing transactions worth more than INR 2B, every month. Said Team…

Their customers/public in general, are exposed to great amounts of news, most of which may be negative about this industry. However, they expect people to research more about this concept and the technology driving it. The potential this technology holds is quite unprecedented and can define the way they transact in future. The Indian government is sincerely working towards bringing about regulations to protect the interest of the consumers.

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“We would like to urge our customers to not get deterred by the speculations in the industry but smartly invest in digital assets. Also, Opt for exchanges which are established that guarantee secured transactions.” Said Team

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