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Avinash Shekhar

Avinash Shekhar

Co-Founder & CEO, Pi42 Exchange

Personal website

Bio

Avinash Shekhar — Co-Founder & CEO of Pi42 Exchange

Avinash Shekhar is the Co-Founder and CEO of Pi42 Exchange, a FIU-IND registered virtual asset service provider (REID: VA00045558) offering INR-margined and USDT-margined crypto perpetual futures and options contracts to Indian retail and institutional traders. Pi42 was co-founded by Avinash Shekhar and Nischal Shetty.

Avinash previously served as CEO of ZebPay, one of India's earliest and most recognized cryptocurrency exchanges. He is also associated with TaxNodes, a crypto tax compliance platform focused on the Indian market. These separate organizations each operate independently; their licenses, users, and operational histories are distinct.

Pi42 was built to address a specific gap in the Indian crypto market: the absence of a regulated, INR-native derivatives trading venue. The platform positions INR-margined contracts as a structural design choice intended to simplify settlement for Indian users, with the company's own educational materials explaining the potential tax considerations of this approach. Users should verify current Indian tax law and seek independent advice before trading.

Information last checked: August 19, 2026

Profile at a glance

Country
India
Status
Active

Work & Project Background

  • Pi42 Exchange

    Co-founder

  • TaxNodes

    Co-founder

Key Contributions

INR-Native Derivatives Exchange

Co-founded Pi42 as India's first dedicated INR-margined crypto perpetual futures and options exchange, enabling Indian traders to access derivatives without needing USD or stablecoin margin accounts.

FIU-IND Registration

Led Pi42's registration as a FIU-IND reporting entity (REID: VA00045558) under India's PMLA framework. FIU-IND registration is a reporting-entity requirement, not an investment license or securities approval.

ZebPay Exchange Leadership

As CEO of ZebPay, contributed to growing one of India's earliest crypto exchanges through periods of significant regulatory uncertainty in the Indian market.

Crypto Tax Infrastructure

Associated with TaxNodes, addressing the specific compliance burden that Indian crypto VDA taxation rules place on retail and institutional participants.

Institutional Trading Infrastructure

Pi42 has publicly described building institutional-grade API, liquidity, and white-label infrastructure. Verify current availability and terms on pi42.com before relying on specific institutional features.

Options Market Access for Indian Traders

Pi42 launched INR-margined crypto options with an entry price of ₹10, lowering the cost threshold for retail participation in crypto derivatives (source: PTI, March 2025; verify current pricing on pi42.com).

Timeline

Early Career

Background in finance and accounting; career spanning fintech and digital asset sectors in India.

ZebPay

Served as CEO of ZebPay, one of India's pioneering cryptocurrency exchanges, gaining direct experience in exchange operations, regulatory engagement, and retail crypto adoption in India.

TaxNodes

Associated with TaxNodes, a crypto tax calculation and compliance platform for Indian users — a separate company from ZebPay and Pi42.

2023 — Pi42 Founded

Co-founded Pi42 Exchange with Nischal Shetty. The exchange launched with a focus on INR-margined perpetual futures contracts for Indian traders.

2024–2025

Pi42 registered with FIU-IND as a reporting entity (REID: VA00045558). Expanded product suite to include INR-margined options on Bitcoin, Ethereum, and Solana with trading starting from ₹10. (Source: Pi42.com, PTI, March 2025)

2026

Pi42 continues to operate as a FIU-IND registered crypto futures and options exchange, offering trading across 700+ INR and USDT pairs. Current institutional API and liquidity infrastructure offerings; verify live availability on pi42.com.

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