I still remember it like it was yesterday when CoinSwitch was launching precisely four years from now.
It was a big day for me, and my two friends turned Co-Founders, Vimal and Govind because we were taking our passion to the world. We were trying to solve a problem that was a pain point for every crypto trader – to get the best price on every buy and sell.
All three of us were one of those early crypto adopters. We tried our hands on almost every trading platform, but wherever we went, there was one constant problem – you don’t know whether you are buying and selling at the best prices because cryptocurrency prices vary from exchange to exchange.
That’s where the tech geek in us kicked in, and we sat through our computer screens to create an aggregator that could help us. And Voila!! That’s how CoinSwitch happened.
The Beginning of CoinSwitch Kuber
From day 1, we were hell-bent on introducing CoinSwitch to the people of our nation. However, the crypto industry in India then was still in its infancy; nonetheless, we launched it internationally on June 1, 2017, and steadily perfected our idea.
So when India welcomed us with open arms in March 2020, we didn’t even think for a second to move back to our motherland.
We customised our product for Indians, and in no more than three months, CoinSwitch Kuber came into existence precisely a year back, on June 1, 2020. It was the perfect coincidence to launch CoinSwitch Kuber on the same day, three years after the launch of CoinSwitch.
I remember setting the pre-launch target with our tight-knit team at 25k signups, which to our surprise, exceeded well above our expectations to100k signups. From there to growing our user base to 6 Million+ Kuberians and valuing the company at $500 Million, it has been quite a ride 🙂
Here’s what the past year has been like:
- We launched the iOS app in Dec 2020
- We became the first company to bring crypto mainstream- partnering with Disney + Hotstar.
- Grew the team from 20 people to 150+ people who are on the mission to simplify and make crypto accessible
Above all, what really touches me today is the fact that we have made an impact!
We have successfully laid the foundation of simplifying cryptocurrencies and making them accessible by adding over 6 Million of you to the tribe.
However, I firmly believe that the number should and will multifold in the years to come. But it’s not just Us on this mission; it’s We. It’s You and Us together who will take crypto to the heights in India and ensure every Indian has the chance to Trade Kar, Befikar.
I say this with so much confidence because the odds are in our favour. With the government looking to explore crypto regulation and the RBI instructing banks to stop referring to the 2018 circular against cryptocurrencies.
Miles to Go Before We Sleep
This blog is not to brag about our achievements but to celebrate the four years of the crypto revolution.
Though I say it with a lot of pride that we have been able to simplify cryptocurrencies, what you see right now is just the start.
- We have exciting updates on our product roadmap.
- We are working on fixing bugs & upgrading your experience, and
- We are de-jargonising this jargon-filled crypto world through KuberVerse, our blog
Before I close, I would like to express my gratitude to everyone who uses CoinSwitch Kuber for cryptocurrency trading. I assure you that we are committed to giving you nothing but the best!
Here’s to 4 years of the crypto revolution 🥂
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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