- INOCYX becomes India’s first crypto exchange to be incubated by STPI.
- The collaboration marks a significant step in the crypto landscape and in the evolution of the ‘Make in India’ initiative.
Indian government and institutions exhibit evolving sentiments toward the broadest use case of blockchain technology — cryptocurrencies — and its corresponding market dynamics. INOCYX, a revolutionary cryptocurrency exchange platform, has emerged as a beacon of innovation in the nation’s burgeoning crypto sector. The exchange has solidified its position as a trusted entity through a prominent collaboration with Software Technology Parks of India (STPI).
STPI is an autonomous wing established under the Ministry of Electronics and Information Technology (MeitY) in India. Notably, INOCYX became the first crypto exchange to be associated with STPI’s FinBlue Incubation Program. This collaboration is a testament to the progressive strides in the crypto industry, especially within India. Also, it bolsters the efforts to scale the ‘Make in India’ initiative.
Goal of INOCYX Aligns with the Make in India Initiative
INOCYX is committed to driving innovation and empowering individuals, aligning with the goals of the ‘Make in India’ initiative. The platform is dedicated to providing a user-friendly and secure trading environment, enabling users to buy, sell, and trade various cryptocurrencies with ease and confidence. The exchange is also steadfast in offering accurate and real-time price conversions to assist users in being well-informed and making clear trading decisions.
Founded by the visionary trio of Mohanbabu Velusamy, Yusuf Rahman, and Sivachandran Velusamy, INOCYX has been at the forefront of crypto trading, offering a reliable trading experience. With their profound knowledge and unwavering dedication, the founders have steered INOCYX to new heights, ensuring its steady ascent in the crypto world.
In July 2023, during the 16th Project Monitoring Group (PMG), the exchange signed a shareholders agreement with STPI FinBlue. This pivotal event commenced in the presence of core board members of STPI Chennai — Dr. Sanjay Tyagi, the Director, and Mr. Gopu N, the COO. Their support and belief in the potential of blockchain technology served as the catalyst for this successful collaboration.
This milestone celebrates growth, transformation, and positive impact on the future of the crypto realm. Furthermore, the association between INOCYX, and STPI is a beacon of hope and inspiration for innovators in the crypto space, encouraging them to contribute to the ever-evolving world of technology.
INOCYX, with its pioneering approach and innovative solutions, is set to lead the way in shaping the future of the crypto landscape in India and beyond.
