Existing investors Tiger Global and Sequoia Capital India also participated in the new round, which is also the largest for a cryptocurrency startup in India. CoinSwitch is the 30th Indian startup to become a unicorn this year, and only the second in the crypto space. CoinSwitch is one of the handful of startups in India that allows users to buy and sell cryptocurrencies. From the functionality and user interface standpoints, its offerings are much superior, according to dozens of users TechCrunch has spoken to in recent days. The eponymous app offers users over 70 cryptocurrencies to choose from and the trading is instant, said Ashish Singhal, co-founder and chief executive of CoinSwitch Kuber, in an interview with TechCrunch. CoinSwitch has amassed over 10 million registered users, most of whom are young and first-time investors, he said.
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- CryptoTV by CoinSwitch Kuber | Amit Singhania, Partner, Shardul Amarchand Mangaldas
- Will target 50 mn Indian crypto users in 2 years: CoinSwitch Kuber CEO
- The Future of Direct to Consumer (D2C) Alternate Personal Investment in India
- CoinSwitch Kuber turns unicorn with $260 Mn round led by a16z and Coinbase
- CoinSwitch Review
- CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021
- THE MONEY PROJECT
- Making crypto as easy as Zomato
- CoinSwitch Kuber signs Ranveer Singh as its first brand ambassador, unveils campaign
- CoinSwitch Kuber raises $260 million, becomes India's second crypto unicorn
CryptoTV by CoinSwitch Kuber | Amit Singhania, Partner, Shardul Amarchand Mangaldas
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The minister also indicated that no deductions would be allowed and that transactions attracting financial loss would not be offset by digital asset income or any other. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Singhal stated that this was a sign of progress. On Street Signs Asia , Singhal stated that the Blockchain and Crypto Assets Council would collaborate with the government in the long term to ensure parity of tax for crypto earnings in relation to other asset classes.
Singhal added,. What this signals is that government recognizes this industry and hopefully the crypto bill would address the legality of this ecosystem as well. What the government has done very smartly is to separate the currency use case of crypto to the asset class use case of crypto… And then, they have recognized crypto assets as an asset class in itself. So that is a big move in my opinion in legitimizing the asset-class use case, the investment use case of crypto.
Later, local news houses reported that the authorities had instead opted to regulate the cryptocurrency industry instead of completely banning it. However, according to media reports , this proposed bill has not yet been presented, nor was it placed among the legislation slated to be discussed in the current session. Market Analysis. Real Estate. News Cryptocurrency Ad disclosure. By: Jinia Shawdagor.
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and… read more. Singhal added, What this signals is that government recognizes this industry and hopefully the crypto bill would address the legality of this ecosystem as well.
Will target 50 mn Indian crypto users in 2 years: CoinSwitch Kuber CEO
CoinSwitch Kuber aims to get widespread visibility for their brand and aims to attract millions of young and tech-savvy cricket fans towards using their platform. It will see the Indian cryptocurrency investment platform team up with Star to get premium Ad spots in the live broadcast during the second half of IPL. By getting into this partnership, CoinSwitch Kuber aims to get widespread visibility for their brand and aims to attract millions of young and tech-savvy cricket fans towards using their platform. Through this partnership, CoinSwitch Kuber also seeks to create awareness among millions of cricket fans across the country about cryptocurrencies as an asset class, which they should consider while making investments.
The Future of Direct to Consumer (D2C) Alternate Personal Investment in India
The company offers users worldwide the possibility to trade with over three hundred coins through the most prominent exchanges. Unlike other platforms, CoinSwitch does not provide its own liquidity. On the contrary, they integrate multiple exchanges to present users with the best exchange rates of the market. The company is headquartered in Bangalore, India, and primarily targets Asian traders. Furthermore, we will examine their Airdrop program, security protocols, account creation, and anything else that may be relevant to users looking to trade within the platform. CoinSwitch trading view is limited in comparison with other exchanges. Once traders select their preferred coins, access to the current rates that CoinSwitch integrated exchange platforms offer is obtained. The most profitable rates are displayed in the upper section of the page.
CoinSwitch Kuber turns unicorn with $260 Mn round led by a16z and Coinbase
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Jamie Crawley. Jamie Crawley is a CoinDesk news reporter based in London.
CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021
THE MONEY PROJECT
Access hyper-relevant news analysis for your industry. Please enter a valid email. Why it matters: All crypto investments are done against the backdrop of regulatory uncertainty, but the situation is even more fraught in India, where there's been government talk of a total ban on both trading and holding. Why it matters: The Chicago tech scene is one of the biggest contributors to Chicago's economy and has helped develop tech startups like Groupon and Peapod.
Making crypto as easy as Zomato
The startup claims this is the first investment by Tiger Global in an Indian cryptocurrency company. CoinSwitch Kuber also claims that it is the highest-funded cryptocurrency player in India. The startup said it has witnessed percent growth in its user base since this January. The platform now has over 4.
CoinSwitch Kuber signs Ranveer Singh as its first brand ambassador, unveils campaign
Coinbase, Polychain, Block. CoinSwitch, like many crypto platforms worldwide, have posted strong growth over the past year or so as investor interest in cryptocurrencies surged. The company said the number of its users has jumped to 10 million as of September from 5 million in May this year and 1 million in November It said it will use the fresh capital to make crypto investments easier, safer, and faster for Indians. It aims to increase the number of its users to 50 million, and launch more crypto products and services like lending to enable users to benefit from this decentralized technology.
CoinSwitch Kuber raises $260 million, becomes India's second crypto unicorn
The Indian government appears to have relaxed its plans to outright ban crypto, which was mooted earlier this year. Instead, the government is said to be in discussions to regulate the use of crypto in illegal transactions. With 10 million customers at present, the exchange has set a goal of onboarding 50 million Indians via new crypto products and services such as lending and staking.