Build in the downturn; harvest the upturn. For over 14 months, this belief kept us going at CoinSwitch. The team put their head down and built and iterated… more features on the app and on our advanced trading platform, CoinSwitch PRO. And today, a dashboard in the office projected the reward: 2,00,00,000. CoinSwitch has become the first Indian crypto platform to reach the milestone of 2 crore registered users!
Over the past two months, we’ve seen rapid growth in app downloads, user registration, and trading volumes…. Indian crypto users have clearly turned bullish in the wake of the highly-successful Bitcoin ETF in the US, the possible approval of Ethereum ETF, and the scheduled Bitcoin Halving event.
Some stats to give context: Since this New Year, our daily average new user registrations have grown by 5x as compared to 2023. In the last two weeks of February alone, our trading volumes skyrocketed by 7x. Further, a majority of our users who have stayed true to crypto during the winter are now being rewarded for their resolve: The number of users in profit has surged by over 80% on CoinSwitch.
When Govind, Vimal and I started CoinSwitch in 2017, our aim was to make the crypto trading experience simple and seamless…to flatten the learning curve so that India’s digitally-savvy users can learn and adopt this emerging asset class. I’m truly grateful to be able to serve crores of Indians on this journey.
Thank you for trusting us! You are our strongest supporters, and our sharpest critics. The ideas we nurture, the products we build, the updates we ship… all are solely meant to make your experience better. So keep your feedback coming!
While we’re proud of how far we’ve come, we are not done yet. We will keep fighting for you, our users.
We’ll keep building! 🚀🎉
