CoinSwitch Registered Users Cross 2 Crore Mark
CoinSwitch, India’s leading cryptocurrency trading platform, has reached 2 crore registered users, marking its first platform in the country.
This achievement is attributed to increased investor optimism, with recent developments like the launch of Bitcoin ETFs in the US, Ethereum ETF approval, and the upcoming Bitcoin Halving event contributing to this positive sentiment.
CoinSwitch reported a 5x growth in user registrations since 2024, with crypto trading volumes increasing 7x in the last two weeks.
The number of users in profit has increased by over 80%. Ashish Singhal, CoinSwitch’s Co-founder, emphasized the platform’s beginner-friendly nature. Over $1 billion has been liquidated from the cryptocurrency market in the past 24 hours.
(With inputs from Shikha Singh)
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