On October 03, CoinSwitch, India’s leading crypto trading exchange announced the launch of crypto futures trading on its Pro platform for users. This new feature allows traders to “amplify their potential” with leverage up to 25x, report the company.
CoinSwitch launches Crypto Futures trading
With the new CoinSwitch crypto futures trading services users can buy, sell, and hold over 350 contracts including BTC, ETH, SOL, MATIC, XRP, and more. Further, the new services provide a versatile trading experience for selected uses, enabling them to maximize their trading potential with leverage up to more them 20x.
CoinSwitch Futures trading allows traders to take long (buy) or short (Sell) positions on perpetual futures contracts. it can also hedge their spot-holding. As per the company, the app stands out with its competitive commission rates, which ensure that users enjoy the lowest fees on the market.
Additionally, the company offers new users to can avail 100% commission rebate for the first 15 days.
“The launch of CoinSwitch Futures aligns with our mission to provide a comprehensive suite of crypto investment and trading options to our users. By offering leveraged futures contracts, we aim to cater to the needs of sophisticated traders seeking to capitalize on price movements in the dynamic crypto market,” said Balaji Srihari, Business Head at CoinSwitch.
On the other hand, CoinSwitch also launched a specialized crypto investment service in the last month. This service designes for high-net-worth individuals (HNIs) and institutional investors and offers secure and customized solutions.
With over 20 million registered users, CoinSwitch has grown $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz (A16Z) in September 2021. In addition, it evolving India’s most valuable crypto unicorn at a valuation of $1.9 billion.
CoinSwitch is India’s one of largest crypto trading platform, was founded in 2017. Moreover, the Financial Intelligence Unit (FIU) has registered it. It delivers its service for over 20 million Indians via its app and CoinSwitch PRO.
