How 3 engineering students built a cryptocurrency exchange

The thought of constructing a cryptocurrency exchange got here virtually unintentionally to Shivam Thakral, who was an engineering pupil and was freelancing as a web site developer. He heard about Bitcoin when a shopper requested if they may make the cost in cryptocurrency. 

He was intrigued by the idea and the quicker time it took to obtain abroad cost transactions than fiat forex. Looking on the dearth of Indian corporations working within the crypto house 5 years again, he determined to construct a “fundamental web site” the place customers might purchase and promote Bitcoin. 

So, Shivam teamed up with engineering batchmates Devesh Aggrawal and Atulya B, and so they co-founded BuyUCoin in 2016. 

Today, BuyUCoin is among the many main Indian crypto exchanges with over a million merchants and holders investing in over 130 cryptocurrency pairs akin to BTC-INR, ETH-INR, and DOGE-INR, amongst others.

Now, cryptocurrencies have come a good distance, with Bitcoin even changing into authorized tender within the Central American nation of El Salvador.

In India, IndiaTech.org — an trade physique that represents client web startups, unicorns, and traders — has proposed a five-point coverage framework to manage the cryptocurrency trade. 

“We shouldn’t miss the bus with crypto and blockchain. The trade is fast-growing and it must be embraced with checks and balances in place,” says Rameesh Kailasam, CEO of IndiaTech.org.

Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 right here.

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You can also share a tribute to COVID-19 warriors, saviours, and survivors here.


The Interview

The pandemic has been a busy time for ecommerce organisations as an increasing number of folks moved to buy on-line. They have needed to take utmost care of not simply their workers but in addition their companions and sellers to make sure that deliveries are uninterrupted and protected for patrons.

In this episode of YourStory’s Human Beyond Resources sequence, Deepti Varma, HR Director Corp – APAC & MENA, Amazon India, talks concerning the ecommerce big’s well-known ‘Day 1’ hustle tradition, balancing development and worker well-being, and making certain protected deliveries, amongst a number of different issues.


Editor’s Pick: 100x Entrepreneur Podcast

Madhukar Sinha started his journey as a social employee, implementing initiatives within the fields of agriculture and building. At the age of 35, he pivoted and began his personal VC agency — India Quotient, whereas seeking to bridge the hole between social work and enterprise capital. 

India Quotient invests in tech and web corporations. Its portfolio contains companies akin to Sharechat, Webengage, Fleetx, Vyapar, Pagarbook, and Saveo, amongst many others. Since 2012, the agency has invested in additional than 102 corporations and made 11 exits. Read extra.

 Madhukar Sinha, Co-founder of India Quotient [Image Credit: 100X Entrepreneur Podcast]


Startup Spotlight

Simplifying paperwork and documentation

As is the case with many people, our government-related paperwork and authorized paperwork stay scattered round the home — resulting in their administration changing into a job. But with COVID-19 forcing folks to go contactless, there’s a want for digital paperwork.

Enter Chandigarh-based eSahayak, which permits customers to generate or course of all their authorities and authorized paperwork proper from their cellphone by simply filling out a easy type. Read extra.

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News & Updates


Before you go, keep impressed with… 

“This trade [cryptocurrency] is right here to outlive, will constantly evolve, and turn into the subsequent title within the monetary trade.”

— Shivam Thakral, CEO and Co-founder, BuyUcoin


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About the Author: Daniel