CoinSwitch commences India operations

Bangalore-based CoinSwitch has launched its operations in India. It is a blockchain-based cryptocurrency exchange aggregator platform that presents users with a one-stop solution for buying, selling or converting cryptocurrencies across all partner exchanges. CoinSwitch users need not sign up at multiple exchanges and yet compare different prices and strike the best bargains.

The aggregator platform further helps users diversify their investments in various leading crypto-assets by supporting over 100 cryptocurrencies in India and 300 across the globe, including altcoins, tokens like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), etc. Users can access CoinSwitch to also convert their existing crypto-asset in other pairs.

The platform currently supports over 7,000 currency pairs in India and over 45,000 across the globe. Owing to its diverse offerings, CoinSwitch has been successful in clocking in daily trade volumes worth over US$1 million.

Ashish Singhal, Co-Founder & CEO, CoinSwitch, said, “We have started CoinSwitch with a vision of making it easier for everyone to transact in cryptocurrencies. We are further driven to bring transparency and trust in such transactions, giving the ultimate decision-making power to the consumers, aiding them with real-time charts and cryptocurrency prices. The same reflects in the daily volumes that we are able to clock in, spanning over 1 million per day. We owe this success to our partners and users who have decided to put their faith in our platform and are hoping for a positive response in the years to come as well.”

The founding team of CoinSwitch hails from established tech conglomerates like Microsoft, Amazon and Zynga.