- CoinSwitch, one of India’s largest retail crypto platforms, faced a brief technical outage on October 30
- A sudden spike in user traffic overwhelmed the platform, preventing some users from logging in or placing trades
- Services were restored shortly after with no fund losses or security breaches reported
- The incident put pressure on crypto exchange infrastructures due to the sudden volatility in the market.
One of the largest crypto trading platforms for retail investors in India, CoinSwitch had a temporary technical issue on October 30, 2026 due to a sudden increase in traffic.
The technical issue has been resolved, and all our services are now operating as usual.
The temporary disruption was caused by a spike in platform traffic. Our team has addressed the issue, and we continue to monitor our systems closely.
Your funds and crypto assets remain safe and secure. We appreciate your patience and continued trust in CoinSwitch.
— CoinSwitch: India’s Simplest Crypto App 🚀 (@CoinSwitch) October 30, 2026
What Happened
This resulted in temporary login issues and trouble with trade management for some users. The surge in traffic appeared to be connected to heightened market activity during a period of significant global crypto market volatility. CoinSwitch confirmed the technical issue was on its own infrastructure side and not related to any security breach.
Services Restored
The exchange restored full app and website functionality shortly after the outage was flagged, with no reports of fund losses or security breaches. The incident underlined the operational stress that sudden spikes in global crypto market activity can place on exchange infrastructure, particularly during periods of heightened market events.
CoinSwitch’s Market Position
CoinSwitch is a crypto exchange based in Bengaluru that provides a trading platform for millions of Indian retail investors. It offers trading functionality for major cryptocurrencies like Bitcoin, Ether plus various altcoins. This is therefore subject to India’s crypto regulations and therefore must be dependable and have high uptime.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment