CoinSwitch, India’s largest crypto-trading platform, today launched ‘EARN’, a feature that enables users to accrue passive income on their crypto holdings. Users can lock-in their crypto through EARN for validation and get rewards in the form of crypto directly by the blockchain.

Commenting on the launch, Balaji Srihari, Business Head, CoinSwitch, “CoinSwitch EARN is a transparent program. The rewards are issued by the blockchain, as per its rules. This is a safe and attractive program for our users to monetize their holdings without having to sell.”

Users can lock-in their crypto through one of two trusted validators—Blockdaemon and Figment. CoinSwitch selected these validators after analyzing their track record, uptime, on-chain performance, and more.

CoinSwitch EARN, currently, supports four cryptos: Solana (SOL), Cardano (ADA), Polygon (MATIC), and Near (NEAR). The annual reward rates for the EARN program are as follows:

1. Solana (SOL) 6 – 7%*
2. Cardano (ADA) 1.5 – 3%*
3. Polygon (MATIC) 4 – 5.5%*
4. Near (NEAR) 7 – 8.5%*

*CoinSwitch EARN rewards may fluctuate based on the number of people locking their cryptos and the transaction volume on the underlying blockchain.

To use the EARN feature, users can follow these steps:

1. Click on the EARN widget on the CoinSwitch app
2. Select the crypto and enter the amount to be locked in
3. Select the validator from the drop-down menu
4. Confirm the order and track the rewards in the app.

Users can cancel the EARN order and unlock their crypto at any time. To know more about the new feature please visit: https://coinswitch.co/building-blocks/earn-passive-income/

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About CoinSwitch
CoinSwitch is on a mission to Make Money Equal for All. India’s largest Crypto trading app. CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 19 million registered users. The company was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures. The company is evolving into a wealth-tech destination by building a platform that democratises investments for everyone — making them simple, safe, and accessible to every Indian.

For more information, visit: www.coinswitch.co
In case of any media queries, please contact: press@coinswitch.co