Our guest for this episode is Rahul Raj, CEO and co-founder of Koinex (https://koinex.in/). Koinex is one of India\u2019s leading cryptocurrency exchanges and peer to peer marketplaces which is backed by leading investors such as Pantera Capital (https://www.panteracapital.com/) and Beenext (https://www.beenext.com/).
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\nRahul is a graduate of the Indian Institute of Technology and has dabbled in various startups and social entrepreneurship initiatives before starting Koinex.
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\nTune in to hear about:
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\n \tRahul's background and intro
\n \tHow Koinex (India\u2019s first KYC compliant multi currency exchange) came about
\n \tWhy Koinex initially decided to have only fiat to crypto pairs for all cryptocurrencies
\n \tCustomer journey for transacting
\n \tDifferent steps involved in setting up a crypto exchange
\n \tThree important pillars of setting up an exchange: scalability, security, customer support
\n \tOther factors to consider while setting up an exchange: UI/UX, liquidity, ecosystem development
\n \tBuilding an exchange in house vs. using a white label solution/third party integrations - pros and cons
\n \tWhere does an exchange source their crypto from?
\n \tHow Koinex built liquidity on the platform
\n \tHighest daily trading volume that Koinex saw - USD 265m
\n \tWhy BTC was trading at a premium in India
\n \tReserve Bank of India\u2019s (RBI\u2019s) current stance on crypto and way going forward
\n \tHow the crypto-exchanges responded to the RBI directive
\n \tKoinex Loop\xa0(https://koinex.in/loop) - the crypto marketplace
\n \tImprovements of Koinex Loop over LocalBitcoin and LocalEthereum
\n \tChallenges with Koinex Loop as far as fiat is concerned
\n \tKoinex\u2019s roadmap and plans beyond an exchange
\n \tViews on the Blockchain and Cryptocurrency ecosystem in India
\n \tProjects beyond Koinex that Rahul is excited about: Ethereum, BAT