Transparency

Independent assessment confirms CoinSwitch holds 3X INR and 1.2X crypto assets versus customer holdings Trust in crypto is built through transparency—and CoinSwitch continues to lead by example. CoinSwitch, India’s largest crypto trading and investing platform with over 2.5 crore users, has published the sixth edition of its Proof of Reserves (POR) report, reaffirming its long-standing […]

CoinSwitch, India’s largest crypto platform with over 2 crore users, continues its commitment to transparency and trust-building by publishing the fifth edition of its Proof of Reserves (POR). The latest review confirms that CoinSwitch holds sufficient cryptos and INR balances to cover all user redemptions, maintaining a ratio of 1:1 or higher. The independent verification […]

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 […]