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Founded by Rakesh Yadav, Rahul Raj and Aditya Naik in August 2017, Koinex facilitated real-time trading of multiple cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin on a single web platform, based on a peer-to-peer exchange model. The live open order book exchange offered transparent pricing for each listed digital asset, enabling potential buyers to place bids, and sellers to set ‘asks’ for the cryptocurrency they want to trade in. The platform offered a wallet, grade-A security systems for its architecture. In June 2019, Koinex announced that all digital assets trading services were disabled and the company shut down its operations.