Welcome to ELI, the podcast where we interview startup founders in India. In this episode, we speak with Avinash Shekhar, the founder of Pi42, India's first crypto-to-INR futures trading platform. Avinash simplifies the world of crypto futures trading, explaining how it works in the crypto space. We delve into the advantages of leverage (up to 75x on Pi42), the regulatory landscape of crypto in India, including taxation and the role of the government in preventing fraud. He also shares his journey into the crypto world and his vision for Pi42 in the next 5 to 10 years, aiming to be a leading crypto exchange globally. Tune in to understand the potential of crypto and blockchain in India and the opportunities for entrepreneurs in this evolving space.Chapters & Timestamps0:00 - Introduction0:11 - Meet Avinash Shekhar, Founder of Pi420:58 - Understanding Crypto Futures Trading2:27 - Demystifying Leverage in Crypto4:20 - Crypto Regulation in India vs. Traditional Finance5:22 - Evolution of Crypto Regulation and Fraud Prevention8:20 - India's Position in the Global Crypto Race12:06 - Avinash's Journey into the Crypto World15:26 - Building a Crypto Startup: Technology and Team19:24 - Navigating Regulatory Challenges in the Indian Crypto Market24:20 - Pi42: Current State and Growth26:49 - Entrepreneurial Opportunities Beyond Crypto Exchanges30:40 - Pi42's Vision for the Future34:33 - Conclusion