CoinSwitch, the worldwide aggregator of cryptocurrency exchanges, has launched CoinSwitch Kuber, the Indian rupee (INR) cryptocurrency exchange mobile application, exclusively for the Indian market.
The launch comes amid unprecedented demand for cryptocurrency products in India, with CoinSwitch Kuber having signed up over 100,000 users during the pre-launch promotion period, far exceeding the 25,000 users initially targeted. Ashish Singhal, CEO and Co-Founder at CoinSwitch.co, said,
“The growing appetite for crypto in India, along with recent legislative developments, provides an ideal backdrop for CoinSwitch Kuber’s launch. By offering a simplified and accessible route into crypto via a mobile application, CoinSwitch Kuber can drive crypto adoption in India.”
CoinSwitch Kuber aims to remove the complexity associated with crypto and open the market up to new users. Following the product launch, users can now create an account on the platform by performing KYC/AML procedures and can deposit INR, as well as to store, send, and receive cryptocurrencies through their account. The platform supports over 100 cryptocurrencies for users to buy, sell and trade digital assets seamlessly with INR.