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Exclusive: Crypto Exchange BuyUCoin Partners With Mobikwik

Quick Summary

Soon after the Supreme Court’s judgement in RBI Vs IAMAI case, there has been a slew of announcements by Indian crypto startups. Earlier today, as CoinDCX announced the closure of its Series A funding, another Delhi-based crypto exchange BuyUCoin has partnered with fintech company Mobikwik for the seamless fiat-to-crypto conversion. For the last 22 months, Indian crypto exchanges had faced huge difficulty in offering INR-to-crypto trading due to RBI circular on April 6, 2018 which barred banks from extending any banking services to crypto exchanges. On the partnership with Mobikwik, Thakral said, “We have partnered with Mobikwik which has around 70 Mn userbase. Some other announcements from Indian crypto industry have been delayed in the wake of Covid-19.

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