CoinSwitch became the first cryptocurrency platform in India

CoinSwitch, the popular cryptocurrency platform, has achieved a significant milestone by becoming the first crypto platform in India to reach 2 crore users. This achievement highlights the growing interest and adoption of cryptocurrencies in the country. CoinSwitch's user base growth reflects the increasing awareness and acceptance of digital assets among Indian investors.

With 2 crore users onboard, CoinSwitch has solidified its position as a leading player in the Indian cryptocurrency market. The platform's user-friendly interface, diverse range of cryptocurrencies, and secure trading environment have contributed to its rapid growth.

Ashish Singhal, Co-founder of CoinSwitch commented, “Bull markets are a magnet for new users, and crypto is now on a bullish path. To be the most beginner-friendly crypto trading app has been the priority at CoinSwitch since day one. The 2-crore milestone — a majority of whom are first-time crypto investors — is a validation of these efforts, as well as a reminder to keep building and iterating for the users.”

CoinSwitch stated in a release, “Since the turn of 2024, user registrations on CoinSwitch have grown by 5x as compared to the daily average user growth in 2023. In just the last two weeks, the crypto trading volumes on CoinSwitch platforms have increased by 7x, and the number of users in profit has increased by over 80%,”

As CoinSwitch continues to attract more users and expand its services, the platform is well-positioned to capitalize on the growing demand for cryptocurrencies in India. With regulatory clarity gradually emerging in the country, CoinSwitch's milestone achievement signals a promising future for the platform and the broader crypto industry in India.

About CoinSwitch

CoinSwitch is now India's largest crypto app with over 2 Crore+ users and more than 500 employees. It was established in 2017.

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