We provide our customers with crypto solutions to get everything from their ecosystem. With spot, margin, futures, and fiat-to-crypto trades, Triunits is an all-inclusive cryptocurrency ecosystem that offers a professional trading experience to all types of traders. No more switching to different platforms as everything you need is right here. Founder of Triunits is Mr. Subhrajit Das
Tell us about yourself?
I have completed my High School Education from Rajballavpur High School,kolkata, West Bengal. After that I have completed my B.com from Sree Chaitanya College, Habra.I have completed My Master degree in Business from Manipal University.In 2016 when I, Subhrajit Das first learnt about cryptocurrency, I started trading on Zebpay with a small amount of Rs.10,000. On my first trade, I lost Rs.4,000 and didn’t understand how.
Then I started learning to trade meticulously on a regular basis as I questioned myself why I lose and how to make a profit. I slept every night staring at my phone, looking endlessly at the trading charts trying to decipher this game, and got a few nosebleeds because of the phone crashing onto my nose as I mostly slept with my phone in my hands.
Like this, I learnt trading for about a month. During that time there were no peers around me who knew about trading in cryptocurrency. Slowly I started to make a profit and using 1 lakh Rs I made 63 BTC. But with gains also came droughts, one night I made a profit of Rs. 42 lakhs loss, followed by a loss of Rs.37 lakhs.
One of my friends was sitting beside me that night and he puked seeing the loss. But I still didn’t lose my hope and kept on trading. One day my friend and I thought in trading loss and profit both happen, but the exchange facilitating this service keeps on earning fees no matter what its client is profiting.
All that matters for the exchange is the number of customers trading on its platform. At that time I had an IT business. Using the profit from that business I started to develop our exchange with my friend. We decided to split our share 50/50 with my friend.
But as he could only pay Rs.10,000 so we decided that he will get a 25% share and he has to pay nothing. After 8 months of development, the first exchange got ready.
If you could go back in time a year or two, what piece of advice would you give yourself?
Do not stray away from your goal, no matter how many setbacks you face. Because dreams are seen by everybody but goals are achieved by only a few.
What problem does your business solve?
We provide our customers with crypto solutions to get everything from their ecosystem. With spot, margin, futures, and fiat-to-crypto trades, Triunits is an all-inclusive cryptocurrency ecosystem that offers a professional trading experience to all types of traders.
No more switching to different platforms as everything you need is right here
What is the inspiration behind your business?
In 2016 when I, Subhrajit Das first learnt about cryptocurrency, I started trading on Zebpay with a small amount of Rs.10,000. On my first trade, I lost Rs.4,000 and didn’t understand how. Then I started learning to trade meticulously on a regular basis as I questioned myself why I lose and how to make a profit.
I slept every night staring at my phone, looking endlessly at the trading charts trying to decipher this game, and got a few nosebleeds because of the phone crashing onto my nose as I mostly slept with my phone in my hands. Like this, I learnt trading for about a month. During that time there were no peers around me who knew about trading in cryptocurrency.
Slowly I started to make a profit and using 1 lakh Rs I made 63 BTC. But with gains also came droughts, one night I made a profit of Rs. 42 lakhs loss, followed by a loss of Rs.37 lakhs. One of my friends was sitting beside me that night and he puked seeing the loss. But I still didn’t lose my hope and kept on trading.
One day my friend and I thought in trading loss and profit both happen, but the exchange facilitating this service keeps on earning fees no matter what its client is profiting. All that matters for the exchange is the number of customers trading on its platform.
At that time I had an IT business. Using the profit from that business I started to develop our exchange with my friend. We decided to split our share 50/50 with my friend. But as he could only pay Rs.10,000 so we decided that he will get a 25% share and he has to pay nothing. After 8 months of development, the first exchange got ready.
The day our PHP coded exchange got launched, hackers got better of our platform as they exploited security issues. Soon we had to suspend our exchange platform. At that point, I have lost most of my money. But I still didn’t lose my hope and planned to develop our new exchange in a more technically secured environment using advanced technologies.
We hired better developers(python developers) who fixed the security issue as well as fully remodelled our project. This gave us good results for about 8 months but then we faced a major setback because of an internal split between our developers and one of our shareholders.
This resulted in the complete shutdown of our website, our developers even stole our data leaving us with nothing. I wasn’t able to look into this matter because I was mostly into the marketing aspect of the company.
In spite of all this, no customer in Triunits Exchange suffered a loss, because only I had the access to the funds. This is one of the major reasons why the customers in Triunits exchange still have faith in us and we have quite an old customer base that is still growing. But again this was not enough to stop me from pursuing my goal as I started from scratch again.
What is your magic sauce?
We are giving Instant INR Deposit in our exchange with 500+ coins pair.We are the only exchange providing future trade option in india with 125x leverage.
What is the plan for the next 5 years? What do you want to achieve?
Without any kind of major funding, we already have a healthy customer base and we are sure if we are provided with sufficient funds, we will further increase our company standards both technically and marketing-wise. We are aiming to be the number one exchange in India in the next five years, it is a big thing to say but we believe in realistic approaches not idealistic. We have the potential to become the unicorn of this sector
What is the biggest challenge you’ve faced so far?
The previous IT company where I worked as a proprietor was going well in financial terms but I had much bigger goals so I consider that as a failure. The first two attempts of building the exchange platform were big failures indeed
How do people get involved/buy into your vision?
Seeing this field of cryptocurrency being one of the future technological aspects. In short, to bring a revolution, I decided to take a leap into this road not taken.
