Crypto exchange Coinone has announced it will be launching its own crypto exchange in India, in partnership with the government.
Coinone said that the company would allow Indian consumers to buy cryptocurrency, with no fees, in real time.
The launch comes just days after the government announced that it is launching its first cryptocurrency exchange.
India has seen a boom in cryptocurrency investment and trade, but the government has been slow to implement regulations to curb the activity.
While cryptocurrency traders can trade cryptocurrencies, their transactions are largely unregulated.
Coincoin, which launched in October, is one of the first exchanges to accept cryptocurrencies in India.
“In the past two months, we have witnessed a significant increase in the number of users from outside India who have purchased crypto and started trading,” said Vinay Srivastava, founder and CEO of Coincoin.
“Our new exchange will facilitate a seamless exchange of crypto currencies from one wallet to another.”
Coincoin is set to open a bank account and will be the first Indian exchange to offer crypto-based investment options.
The exchange will also be a platform for users to buy and sell crypto assets in real-time.
It will not be the only Indian exchange offering crypto-currencies.
The Reserve Bank of India announced that the Reserve Bank will allow its citizens to buy crypto and other crypto assets through Coinone.
In a statement, the bank said that crypto-currency trading will become a mainstream part of Indian life and people will be able to trade their crypto and fiat currencies at their convenience.
CoinCoin is a digital currency exchange platform with a user-friendly interface.
It currently has more than 200 million users.
The platform also features a wallet service for users that allows them to store and transfer their crypto.
According to Coinone, the company’s service will be open to all Indians, with the first users to register being eligible for the first 50,000 users.
In the future, Coincoin said it will offer crypto investments, such as tokens, as well as exchange services for its users.
“We are excited about opening up a new crypto exchange platform in India and we will provide our customers with the best options,” Srivashava said.
Coincoincash is a crypto exchange with more than 2.2 million users and is one among the top three exchanges in India with more then 10 million users in total.
The company is based in New Delhi and the platform currently has over 2 million users, with more users now registered.
“India is a fast-growing market, and we are confident in our ability to cater to Indian users,” said Srivachena Dhanapal, co-founder and CEO at Coincoin and co-owner of Coincoinchatch.
“At Coincointatch, we aim to make our customers’ lives easier through our platform, which is free, easy and fast.
We have partnered with our partners in India to offer the best crypto and cryptocurrency trading and exchange services to Indian consumers.”