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Defy raises $5.5 mn, launches India's first social crypto exchange
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livemint.comHaving raised $5.5 million in the seed round, Defy – a fintech startup – has launched India’s first social crypto exchange that allows users to create their profiles and share portfolios with friends and followers.
Social trading is a form of investing, which emulates strategies of big traders and influencers or even friends and relatives, meaning directly copying the positions taken by another trader.
Defy, founded by entrepreneurs, Bhagaban Behera, Sriharsha Setty, and Nakul Kelkar, aims to disrupt the cryptocurrency space in India with a social and community-based approach.
Users can use the social channel to interact and follow experts for investment strategies while also keeping track of their friends' portfolios. Additionally, Defy
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