Latest news with #Web3Coins
The Wire
5 days ago
- Business
- The Wire
CoinSwitch Launches Web3 Coins: Access 1,00,000+ Crypto Tokens Using INR
Bengaluru, Karnataka, India (NewsVoir) CoinSwitch, India's largest crypto trading platform with over 2 crore users, today announced the launch of Web3 Coins, a major leap toward making decentralised crypto accessible to everyday investors. With this, users can now access over 1,00,000 crypto tokens and trade them directly in INR. Web3 Coins gives investors immediate access to high-potential emerging tokens typically available on decentralised exchanges; without the usual hurdles of wallet setup, on/off ramp, token swaps, or network fees. Designed for everyday investors, it brings the benefits of decentralised trading to the mainstream by removing the complexity that often holds them back. While the trading operates on decentralised infrastructure, access is securely managed through the CoinSwitch platform, ensuring full compliance with existing regulations in India. 'With Web3 Coins, we are delivering on our promise to make cutting-edge crypto opportunities accessible to everyday investors minus the complexity,' said Balaji Srihari, VP at CoinSwitch. 'As crypto continues to evolve, our goal is to ensure that innovation and opportunity are not limited to the technically fluent. Web3 Coins brings the frontier of crypto within reach of the mainstream investor.' Globally, decentralised exchanges are growing at a fast pace, now accounting for nearly 200 million unique trading addresses. According to crypto data platform Dune, DEX platforms have recorded over $2.45 trillion in trading volume over the past 12 months. This launch comes amid rising investor interest in early-stage tokens, with 34% of CoinSwitch's active traders engaging with new tokens in the past six months. Decentralised exchanges facilitate access to several tokens including utility tokens, governance tokens, meme coins, or stablecoins. These tokens are core to the crypto ecosystem and funding blockchain based innovation. Yet, Indian users, among the world's most active crypto adopters, have largely been excluded due to complex barriers. The launch of Web3 Coins by CoinSwitch changes that. To safeguard users, CoinSwitch follows the proprietary TRACE mechanism which determines what coins are made available to trade. This includes checks across five key areas: • Tokenomics verification • Risk scan • Audit of contract security • Community & social information • Exchange & liquidity metrics 'This launch is not just about expanding access. It is about doing it responsibly. And that's why we've built safeguards to ensure our users can participate with confidence,' added Srihari. India is already the global leader in grassroots crypto adoption. With products like Web3 Coins, CoinSwitch aims to further democratise access to digital assets while supporting responsible participation in the broader Web3 economy. About CoinSwitch Founded in 2017, CoinSwitch is India's largest crypto trading platform and a pioneer in shaping the country's crypto ecosystem. With over 2 crore users, CoinSwitch operates a regulatory-compliant platform that simplifies and enhances crypto trading for both retail and professional investors. Backed by global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India to the tune of $300 million, CoinSwitch offers 350 coins on its platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified and Financial Intelligence Unit - India (FIU- IND) registered. For more information, visit About PeepalCo PeepalCo is a house of brands serving India with tailored wealth-tech products aimed at Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCo's products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Fashion Value Chain
5 days ago
- Business
- Fashion Value Chain
CoinSwitch Launches Web3 Coins: Access 1,00,000+ Crypto Tokens using INR
CoinSwitch, India's largest crypto trading platform with over 2 crore users, today announced the launch of Web3 Coins, a major leap toward making decentralised crypto accessible to everyday investors. With this, users can now access over 1,00,000 crypto tokens and trade them directly in INR. Web3 Coins gives investors immediate access to high-potential emerging tokens typically available on decentralised exchanges; without the usual hurdles of wallet setup, on/off ramp, token swaps, or network fees. Designed for everyday investors, it brings the benefits of decentralised trading to the mainstream by removing the complexity that often holds them back. While the trading operates on decentralised infrastructure, access is securely managed through the CoinSwitch platform, ensuring full compliance with existing regulations in India. 'With Web3 Coins, we are delivering on our promise to make cutting-edge crypto opportunities accessible to everyday investors minus the complexity,' said Balaji Srihari, VP at CoinSwitch. 'As crypto continues to evolve, our goal is to ensure that innovation and opportunity are not limited to the technically fluent. Web3 Coins brings the frontier of crypto within reach of the mainstream investor.' Globally, decentralised exchanges are growing at a fast pace, now accounting for nearly 200 million unique trading addresses. According to crypto data platform Dune, DEX platforms have recorded over $2.45 trillion in trading volume over the past 12 months. This launch comes amid rising investor interest in early-stage tokens, with 34% of CoinSwitch's active traders engaging with new tokens in the past six months. Decentralised exchanges facilitate access to several tokens including utility tokens, governance tokens, meme coins, or stablecoins. These tokens are core to the crypto ecosystem and funding blockchain based innovation. Yet, Indian users, among the world's most active crypto adopters, have largely been excluded due to complex barriers. The launch of Web3 Coins by CoinSwitch changes that. To safeguard users, CoinSwitch follows the proprietary TRACE mechanism which determines what coins are made available to trade. This includes checks across five key areas: T okenomics verification R isk scan A udit of contract security C ommunity & social information Exchange & liquidity metrics â 'This launch is not just about expanding access. It is about doing it responsibly. And that's why we've built safeguards to ensure our users can participate with confidence,' added Srihari. India is already the global leader in grassroots crypto adoption. With products like Web3 Coins, CoinSwitch aims to further democratise access to digital assets while supporting responsible participation in the broader Web3 economy. About CoinSwitch Founded in 2017, CoinSwitch is Indias largest crypto trading platform and a pioneer in shaping the country's crypto ecosystem. With over 2 crore users, CoinSwitch operates a regulatory-compliant platform that simplifies and enhances crypto trading for both retail and professional investors. Backed by global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India to the tune of $300 million, CoinSwitch offers 350+ coins on its platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified and Financial Intelligence Unit – India (FIU- IND) registered. For more information, About PeepalCo PeepalCo is a house of brands serving India with tailored wealth-tech products aimed at Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCos products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
Time of India
02-07-2025
- Business
- Time of India
Coinswitch debuts its Web3 coins
Cryptocurrency exchange CoinSwitch is introducing Web3 Coins , an offering which allows users to trade over 1 lakh emerging crypto tokens directly in INR — without the usual complexities of wallets, token swaps, or network fees. The launch comes amid rising investor interest in early-stage tokens such as meme coins, utility tokens, governance tokens, and stablecoins. Over 34% of CoinSwitch's active users have engaged with new tokens in the last six months, and the company expects at least 25% of its user base — currently over 2 crore — to explore Web3 Coins, Ashish Singhal, co-founder, Peepal Co, the holding company of Coinswitch told ET. 'Today, 99.9% of Indian users are unable to access decentralised tokens due to the technical complexity. Web3 Coins brings the simplicity of buying Bitcoin on CoinSwitch to thousands of new tokens,' he said. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 3.25% Buy Crypto Blue Chip - 5 0.73% Buy DeFi Tracker 0.67% Buy Web3 Tracker -1.95% Buy AI Tracker -2.76% Buy TOP COINS (₹) Bitcoin 9,061,834 ( -1.37% ) Buy BNB 55,416 ( -1.7% ) Buy XRP 187 ( -2.91% ) Buy Ethereum 206,438 ( -3.09% ) Buy Solana 12,627 ( -4.65% ) Buy Decentralised tokens such as Lido, Uniswap, Jupiter, PancakeSwap are fast growing and today hold a market cap of nearly $11.83 billion, according to crypto data platform CoinGecko. Globally, decentralised exchanges account for nearly 200 million unique trading addresses. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » These are different from centralised tokens such as Bitcoin, Ethereum, Solana which are listed and managed by centralised crypto exchanges like Binance, or Coinbase. These platforms control which tokens get listed, provide customer support, and manage custody. But decentralised tokens can be created by anyone leading to faster innovation but also higher risks. Web3 Coins by CoinSwitch bridges these two worlds. Unlike traditional centralised exchanges, which take weeks or months to list new tokens, Web3 Coins allows users to access eligible tokens within 24 hours of their launch — giving investors an early advantage in discovering high-potential crypto assets , Singhal explained. For instance, while a popular meme coin like Shiba Inu became widely available months after launch, early adopters trading via decentralised exchanges had already seen significant gains. Founded in 2017, CoinSwitch is has raised $300 million from global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India. In the last 7–8 months, CoinSwitch has seen a 50% jump in organic signups. Although trading volumes are lower than the 2021 peak, Singhal said 2025 is shaping up to be one of the company's strongest years in terms of investor participation, Singhal said.
