{"id":20767,"date":"2024-03-14T11:37:20","date_gmt":"2024-03-14T06:07:20","guid":{"rendered":"https:\/\/coinswitch.co\/building-blocks\/?p=20767"},"modified":"2024-03-14T11:49:26","modified_gmt":"2024-03-14T06:19:26","slug":"crypto-is-dead-but-%f0%9f%9a%80","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/building-blocks\/crypto-is-dead-but-%f0%9f%9a%80\/","title":{"rendered":"Crypto is dead, but\u2026 \ud83d\ude80"},"content":{"rendered":"<p>Crypto is dead, but\u2026<\/p>\n<ul>\n<li>Bitcoin is traded once every 6 seconds,<\/li>\n<li>Doge is traded once every 4 seconds,<\/li>\n<li>and one crypto is traded every .3 seconds, on CoinSwitch.<\/li>\n<\/ul>\n<p>Crypto is dead, but\u2026<\/p>\n<ul>\n<li>over 2 crore Indians on CoinSwitch believe otherwise.<\/li>\n<\/ul>\n<p>On Tuesday, we became the first Indian crypto app to hit 2 crore users. And we have you to thank for this milestone!<\/p>\n<h2>Priming up our product<\/h2>\n<p>What a great month this is turning out to be: we\u2019re seeing a 5x increase in the daily average number of users signing up this month! No surprise there since the crypto market is in the middle of a major bull run.<\/p>\n<p>What this means for you is more gains and better trading opportunities, what it means for us is we have work to do to strengthen our systems and make sure we\u2019re giving you the best experience possible.<\/p>\n<p>As app activity skyrocketed, our engineering team went into Avengers mode to cater to the massive surge in demand. Yes, we have had minor glitches but we\u2019ve scaled our systems to handle all time high traffic.<\/p>\n<p>Even as we celebrate good times for crypto, we know that there\u2019s work for us to do. A big shout out to our engineers for their hard work and you for your patience!<\/p>\n<p>India\u2019s journey into a Web3 Nation<\/p>\n<p>While we see unprecedented demand for crypto in India, it\u2019s also important for us to work with the government and other stakeholders to make crypto truly mainstream in India. To that end, our policy team has been hard at work.<br \/>\nThe Bharat Web3 Association (BWA) hosted its Founders\u2019 Meet last month to reflect on its one-year journey and discuss a robust future action plan.<\/p>\n<p>As a founding member of BWA, our co-founder Ashish Singhal articulated a 3-point agenda <a href=\"https:\/\/twitter.com\/ashish343\/status\/1755478435827527781\" target=\"_blank\" rel=\"noopener\">at the meeting<\/a>:<\/p>\n<ol>\n<li>Advocacy for a robust policy framework and rationalizing taxes on digital assets and Web3 in India<\/li>\n<li>Double down on efforts to reach out and highlight innovative solutions of Web3 start-ups<\/li>\n<li>Design and direct future consumer protection &amp; awareness programs targeting youth in tier-2 &amp; beyond cities\/towns<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-20776\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_1.jpg\" alt=\"\" width=\"700\" height=\"400\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_1.jpg 700w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_1-300x171.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>CoinSwitch continues to work with a full range of stakeholders, including BWA, on our key policy goals. To illustrate the breadth of our engagement in the last few weeks, we\u2019ve held discussions with the Ministry of Finance, Reserve Bank of India, Economic Advisory Council to the Prime Minister, Parliamentarians and National Security Council on a host of issues ranging from crypto taxation to UPI access.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-20774\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_2_rev.jpg\" alt=\"\" width=\"700\" height=\"400\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_2_rev.jpg 700w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2024\/03\/Slice_2_rev-300x171.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope this market continues to grow \ud83e\udd1eWe\u2019ll be back with more updates next month!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto is dead, but\u2026 Bitcoin is traded once every 6 seconds, and a crypto is traded every 0.3 seconds on CoinSwitch.<\/p>\n","protected":false},"author":89,"featured_media":20779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6541],"tags":[6982,6985,6855,6821,1879],"class_list":["post-20767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boardroom","tag-2-crore-users","tag-2-million-users","tag-coinswitch","tag-coinswitch-pro","tag-crypto-trading"],"acf":{"json_ld_schema":"","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"Crypto is dead... and yet Bitcoin is surging","keywords":"CoinSwitch, CoinSwitch PRO, 2 crore users, 2 million users, Ashish Singhal","description":"Crypto is dead, but\u2026 Bitcoin is traded once every 6 seconds,  Doge is traded once every 4 seconds, and one crypto is traded every .3 seconds, on CoinSwitch. 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