Transparency

We publish our proof of reserves every year. This year, we’re publishing it for the second time. As you may recall, when the crypto exchange WazirX allegedly faced a cyber attack, a small percentage of our funds were also stuck on the exchange. To make sure that our user funds are safe, we used our […]

It’s been over a month since WazirX, a major crypto exchange operating in India, claimed that a cyber attack on their platform led to the theft of $230 million (~ Rs 2000 cr) worth of funds. We have attempted to be in regular touch with WazirX since the day of the incident but have not […]

CoinSwitch's total holdings, at Rs 3,497.22 crore, are greater than its users' holdings, at Rs 2,774.10 crore.

CoinSwitch transformed the crypto experience in India by simplifying the process of buying and selling crypto for millions of Indians. Our app provided a user-friendly interface that was highly appreciated by our users. Over 19 million Indians now trust CoinSwitch for their crypto trading. We understand that simplicity is key, especially for retail users that […]

Few innovations promise to reshape the world the way blockchain and Virtual Digital Assets (VDAs, popularly known as crypto) do. Decentralized, transfers value on the internet, and establishes digital ownership…crypto infuses unparalleled flexibility into finance. Flexibility can be a double-edged sword, however. Today, more than 12,000 tokens exist. A new crypto is born nearly every […]

2022 was a turbulent year for crypto. The crypto market experienced one of the steepest price erosions in history, as rising inflation rates and subsequent monetary tightening sent the capital markets—and tech stocks in particular—into a downward spiral. Yet, it has also been a year of BUIDLing in crypto, marked with watershed events such as […]

इस पोस्ट को हिंदी में पढ़ने के लिए यहाँ क्लिक करें। We’ve been asked for our proof of reserves. A lot. Today we are going a step ahead: Providing a complete picture of our proof of reserves and liabilities, wallet addresses, and the exchanges from where we buy and sell crypto on behalf of our […]