CoinSwitch becomes first crypto platform in India to reach 2 crore users
CoinSwitch, a leading cryptocurrency trading platform, announced that it has surpassed 2 crore registered users, marking a significant milestone as the first platform in India to achieve this feat.
This achievement comes amid a notable surge in user activity within India, fueled by growing investor optimism following developments such as the introduction of Bitcoin ETFs in the US, the potential approval of Ethereum ETFs, and the eagerly anticipated Bitcoin Halving event.
«Since the turn of 2024, user registrations on CoinSwitch have grown by 5x as compared to the daily average user growth in 2023. In just the last two weeks, the crypto trading volumes on CoinSwitch platforms have increased by 7x, and the number of users in profit has increased by over 80%,» CoinSwitch stated in a release.
Commenting on the milestone, Ashish Singhal, Co-founder of CoinSwitch said, “Bull markets are a magnet for new users, and crypto is now on a bullish path. To be the most beginner-friendly crypto trading app has been the priority at CoinSwitch since day one. The 2-crore milestone — a majority of whom are first-time crypto investors — is a validation of these efforts, as well as a reminder to keep building and iterating for the users.”
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View Details»To celebrate the milestone, the company announced that it will give away Rs 20,000 worth of Bitcoin to
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