CoinSwitch, one in every of India’s cryptocurrency buying and selling platforms, launched crypto futures buying and selling on its PRO platform. This new characteristic presents a complicated buying and selling expertise, permitting customers to entry over 350 contracts, including main cryptocurrencies comparable to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Ripple (XRP).
CoinSwitch Futures supplies customers with the flexibility to take each lengthy and brief positions on perpetual futures contracts. The platform presents as much as 25x leverage, which boosts buying and selling flexibility and permits customers to hedge their spot holdings or capitalize on value fluctuations within the extremely dynamic crypto market.
In keeping with Balaji Srihari, Enterprise Head at CoinSwitch, this launch aligns with the corporate’s mission to supply a complete vary of cryptocurrency funding choices. The introduction of futures buying and selling caters to extra refined merchants who search to maximise earnings by leveraging value actions within the risky crypto market.
CoinSwitch is providing a 100% fee rebate for the primary 15 days of buying and selling to incentivise new customers. Moreover, the platform boasts a few of the lowest charges out there, making it a aggressive choice for brand new and skilled crypto merchants.
Customers can seamlessly entry CoinSwitch Futures by way of the PRO platform’s desktop and cellular variations. Present customers can simply log in to their accounts, whereas new customers should signal as much as get began.
CoinSwitch has grown considerably not too long ago, with over two crore registered customers. The corporate can be diversifying its providers by providing specialised crypto funding options for Excessive web value people (HNIs) and institutional traders. In 2021, CoinSwitch raised $260 million in Collection C funding from outstanding traders comparable to Coinbase Ventures and Andreessen Horowitz, changing into India’s most-valued crypto unicorn at a valuation of $1.9 billion. This newest transfer into crypto futures additional solidifies CoinSwitch’s place as a frontrunner in India’s crypto ecosystem.