In Brief:
- In the next 2 years, CoinSwitch Kuber expects to reach 50 million Indian crypto users.
- CoinSwitch Kuber became a unicorn with a $1.9 billion valuation and has more than 15 million users.
- It aims to bring more awareness about crypto investments and help users to create wealth.
As cryptocurrency is taking India by storm, Ashish Sehgal, CEO of CoinSwitch Kuber targets at least 50 million Indian users at the platform in the coming two years, reported by ET.
As one of the leading cryptocurrency platforms in India, CoinSwitch Kuber has around 15 million users currently with 95% of users buying bitcoin on the platform.
Recently CoinSwitch Kuber raised $260 million and became India’s second cryptocurrency unicorn and is focusing on bringing more crypto investment and wealth establishment awareness to the users.
CoinSwitch Kuber plans to utilize the funds to bring in more experts and lead the crypto industry in India. They also strive to bring in more awareness about wealth management among the users.
“The past 18-20 months in the Covid pandemic has taught most of us the value of money. We are here not only to solve the crypto problems for the Indian investors, but also solve the wealth management issue, with crypto being a key financial asset in their portfolio,” says Singhal.
Singhal further stated, “We want to remove all the complexities in crypto trading, educate the consumers and give them a simplified experience of one-click buy and sell in crypto.”
Planning on working with the government on building crypto-friendly regulations that is helpful for the system, CoinSwitch Kuber attempts to innovate the blockchain industry and contribute to its growth.
Singhal is really enthusiastic while saying that “the next Big Tech firm is going to come from India, based on Web 3.0 and Blockchain.”
