India-based crypto currency platform CoinSwitch declared the release of its new multi-exchange trading platform CoinSwitch Pro for progressive crypto merchants on Wednesday, 23rd November 2022.
The multi-exchange trading platform becomes the first ever platform powered by Indian Rupee.
With respect to the new platform release, the CEO of the company stated in his press release statement that the CoinSwitch Pro will assist the trade assets of India on KYC-compliant platform. He also added that the Indian crypto traders are underprivileged. Thus, the company wants to help the Indian crypto traders to discover and anchorage the courses of price exchange at once.
About Coin Switch Pro
The CoinSwitch Pro platform allows the merchants to trade virtual currencies with the trade restrictions of 2.5 lakh per order, at a limit of 10 lakh per order.
The exchange on the specific order being placed was selected by the CoinSwitch cell phone app earlier but the CoinSwitch Pro facilitates the users to choose the exchange for the trade.
The platform allows the trade merchants to trade on Indian exchanges namely CoinDCX and WazirX including CoinSwitch. Crypto traders are able to trade changes and supervise the investments under a consolidated folder.
About the company
The Indian Cryptocurrency platform CoinSwitch was set up in by the year 2017 by Ashish Singhal, Vimal Sagar Tiwari and Govind Soni Das,a global aggregator of crypto exchange. The company has Tiger Global, Sequoia Capital India, Paradigm and Rabbit Capitals on its back as investors.
The company’s new Platform is released during the crypto currency declining market phase. Thus, the crypto companies are bound to design new products to increase their revenues.
The crypto company secured a sum of 260 million US dollars in the Series C funding round led by Coinbase Ventures and Andreessen Horowits (a16z) in September last year with the valuation of 1.9 billion US dollar to be a crypto unicorn.
The company plans to release its first-ever non-crypto offering as a part of the company’s mission, “Make Money Equal for All” by March 2023. The crypto company also aims to join hands with international crypto exchanges in the future for enlarging its network.
Photo Credit– Twitter
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