CoinSwitch Announces Launch of Digital Currency Platform in India
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CoinSwitch Announces Launch of Digital Currency Platform in India

May 7, 2020      Vandana Malik

CoinSwitch which is an instant crypto exchange has announced the launch of its digital currency platform in India. The crypto trading platform will be named as CoinSwitch Kuber which will be a mobile based crypto exchange. It has also been specified that the platform is going to provide the facility of crypto trading with over 100 crypto-fiat pairs.

This development by the Bangalore based crypto exchange is in response to lifting the ban by the Supreme Court of India. The Supreme Court has lifted the ban which was imposed by the Reserve Bank of India on banks for providing financial assistance to crypto exchanges. Ashish Singhal, CEO of CoinSwitch has said that this is going to bring in amazing user experience to the Indian crypto market.

CoinSwitch aiming to bring best market rates

CoinSwitch Kuber is planned to be launched for Indian crypto market on June 01. The major aim of the exchange is to bring the best market rates in the Indian crypto market. This will be done by aggregating for trading pairs across the whole market. This one is going to be completely user-friendly and will also eliminate the current complexities. It has also been revealed that the platform is offering huge incentives in order to attract more and more users from various platforms.

Indian crypto market started flourishing again

Ever since the Supreme Court lifted the ban imposed by the central bank it has been seen that Indian crypto market has started flourishing again. Recently, many crypto exchanges of the country have also approached the Reserve Bank in order to seek tax clarification. A lot of exchanges have reported huge trading volumes as the traders are now able to deposit and withdraw easily.

The CEO of CoinSwitch is aiming towards wider adoption of digital assets in India. Recent changes in the regulations of the central bank have brought huge opportunities for Indian citizens to move towards the crypto market.

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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.