Koinex, a cryptocurrency exchange based in India, has stated that the firm is looking forward to diversifying into blockchain services. The company intends to introduce blockchain infrastructure tools for app developers.

As claimed, the tools will help app developers to build decentralized applications. Rahul Raj, the founder of Koinex, has said that the company will use blockchain to solve issues related to latency, reconciliation, and access to capital and building of new financial instruments.

Reportedly, Product Manager, Mayank Valecha, also confirmed the news of the company’s intention to diversify into blockchain services. He said that there is a vast opportunity for Blockchain services in the market and the company had been looking forward to getting involved in it.

Koinex will continue with its exchange platform alongside the blockchain project. The cryptocurrency exchange is currently in its hiring phase for both its exchange as well as blockchain project.