India, 03 October 2024: CoinSwitch, India’s largest crypto trading platform, announces crypto futures trading on its PRO platform. This new feature offers a versatile trading experience for selected users, allowing them to maximize their trading potential with leverage up to 25x. With CoinSwitch futures, users can trade in over 350 contracts including BTC, ETH, SOL, MATIC, XRP, and more.
CoinSwitch Futures enables users to take long (buy) or short (sell) positions on perpetual futures contracts and can also hedge their spot holdings. The platform is distinguished by its competitive commission rates, ensuring users benefit with the lowest fees in the market. Additionally, new users 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, CoinSwitch.
Users can seamlessly access futures trading through both mobile and desktop; to start they have to sign up or log in to their existing CoinSwitch PRO accounts.
Last month, the company also announced specialized crypto investment services tailored for High Net-Worth Individuals (HNIs) and institutional investors; with an aim to provide secure and customized solutions to users. The platform has over two crore registered users and has raised $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz (a16z) in September 2021 to become India’s most-valued crypto Unicorn at a valuation of $1.9 billion.
