CoinSwitch, India’s largest crypto trading platform, recorded a sequential growth of 200% in trading volumes in Q3 2023, as Indian crypto investors turned bullish ahead of major events such as the launch of Bitcoin ETFs, the 2024 Bitcoin Halving, and improving macroeconomic conditions.

To incentivize responsible trading, the platform has announced a 2% guaranteed cashback for crypto deposits to CoinSwitch PRO, an advanced trading platform where users can trade across multiple exchanges with a single account. CoinSwitch is registered with the Financial Intelligence Unit-India (FIU-IND) and fulfills comprehensive KYC and transaction monitoring in adherence to the AML-CFT risk-mitigation mandated by the PMLA Act.

“Bitcoin ETFs and Halving are two much-anticipated milestones for 2024. The market has rallied over the quarter due these tailwinds, and all our internal tracking metrics are going upward. The momentum is expected to continue as 2024 promises to break free from any remaining bearish sentiments,” said Balaji Srihari, Business Head, CoinSwitch.

“At CoinSwitch we have significantly improved trade experience and interface for users to ensure higher satisfaction. We also began a slow roll out of crypto deposits for over 100 crypto assets on CoinSwitch PRO to enable users to secure their funds in a platform that is fully compliant with the Indian rules and regulations,” Balaji added.

To know more please visit: https://coinswitch.co/pro/crypto-deposit

______

About CoinSwitch

CoinSwitch is India’s largest crypto trading platform. It simplifies and enhances the trading experience of over 19 million Indians, across its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch is a PeepalCo product.

For more information, visit: www.coinswitch.co
For media queries, contact: press@coinswitch.co

About PeepalCo

PeepalCo is a canopy housing a collection of brands serving India with tailored wealth-tech products to Make Money Equal for All. Founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, PeepalCo Group serves 19 million Indians through its various offerings including CoinSwitch, India’s largest crypto investing app. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (was Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.

For more information, visit: https://peepal.co/
For media queries, contact: press@peepal.co