Ashish Singhal

At present, CoinSwitch is also pursuing legal action against WazirX to recover 2 percent of its funds that are stuck with WazirX, cumulatively amounting to Rs 12.4 crore in INR.

CoinSwitch holds Rs 2514.91 crores in Proof of Reserves in INR and crypto

Balaji Srihari, Business Head, CoinSwitch said, “Given what has happened in the Indian crypto industry recently, we need to be more transparent and accountable to our users.”

WazirX moved crypto worth $73.63 million to global exchanges post-cyberattack, claims CoinSwitch's Ashish Singhal

CoinSwitch cofounder Ashish Singhal claims that his platform identified the transfer of $72.13 million worth of crypto to Bybit and $1.5 million to KuCoin, originating from WazirX.

CoinSwitch parent launches stock broking app, to compete with Zerodha, Groww

Lemonn’s features include zero-trading brokerage for 3 months, and zero fees for account opening, curated industry-based stock offering and it will also have a detailed glossary explaining all financial and market-related terms.

Charges against Binance may sharpen regulatory gaze on Indian crypto industry: Experts

The crypto exchange was charged with operating an unlicensed money transmitter business, conspiring, and breaching sanction regulations, among others.

G20 discussions on crypto leaves industry hopeful, as blanket ban unlikely

Crypto exchanges and industry experts welcomed IMF-FSB synthesis paper’s stance on reducing data gaps, focus on understanding the digital asset.

Fit To Lead | CoinSwitch's Ashish Singhal: Prioritising self-care is essential for overall success

Fitness goal for 2024: Acquiring one new skill every quarter. concentrating on improving tennis-playing and swimming abilities.

CoinSwitch in talks with RBI, SEBI to launch financial products, exploring NBFC licence: CEO Ashish Singhal

CoinSwitch plans to launch at least seven financial products, including fixed deposits, mutual funds, bonds, stocks and exchange-traded funds, by the end of this year, said Ashish Singhal, co-founder and CEO of the crypto investment platform.

CoinSwitch releases second Proof of Reserves report amid G20 regulatory talks

CoinSwitch's total crypto and fiat holdings stood at Rs 1,944.8 crore, which is 6.7 times more than its user holdings.

Crypto investment platform Coinswitch plans foray into Indian stocks trading

The Bengaluru-based cryptocurrency exchange is poised to take on new-age investment players including Zerodha, Groww, Upstox, and Paytm Money.

CoinSwitch Ventures’ Web3 Discovery fund deploys $25 million through VC partners

It plans to invest in 100 startups by the end of 2024. The fund’s prominent VC partners include Andreessen Horowitz (a16z), Coinbase Ventures and Sequoia Capital

Finance ministry's move to regulate crypto under PMLA receives industry support

According to a March 7 gazette notification, Indian crypto exchanges will now be required to report any suspicious activity to the Financial Intelligence Unit-India (FIU-IND).

Budget 2023: Non-payment of Crypto TDS will be penalised; industry upset over no mention in Budget speech

Union Budget 2023: Crypto industry players were expecting updates on the possible reduction in 1 percent TDS and regulations; now hopeful that India’s G20 presidency will lead to a solution.

CoinSwitch releases proof of reserves, reveals $131.09 million in assets

Coinbase-backed CoinSwitch has a total asset value on custodial wallets of approximately Rs 933.83 crore, and a total asset value on exchanges of approximately Rs 149.62 crore.

Blockchain analytics, wallets, and infrastructure innovations: CoinSwitch’s Web3 Discovery Fund is finding opportunities in a bear market

According to Tracxn, Indian Web3 startups raised $624 million in 2022 amid negative sentiment around crypto, a jump of over 500 percent from the $115 million raised in 2021.

We will have seven new products by the end of next year, including FDs, ETFs, and mutual funds: CoinSwitch's Ashish Singhal

"At heart, we will always be a crypto company. But the problem that we are trying to solve is investment itself," says CoinSwitch CEO Ashish Singhal

CoinSwitch rebrands ahead of wealth tech foray

CoinSwitch’s new app will be having a content-first approach through bite-sized information, aided by visuals, enabling users to make data-backed investment decisions.

ED search at CoinSwitch premises not linked to money laundering, says CEO Ashish Singhal

The agency has "engaged with us with respect to the functioning of our crypto platform and we are fully cooperating with them", Ashish Singhal said.

Coinswitch launches Web3 discovery fund, to invest in 100 startups

The Web3 Discovery Fund will curate portfolio startups and provide access to marquee investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital (formerly SAIF Partners), and incubation partner Buidlers Tribe

As exchanges face uncertainty, CoinSwitch’s Ashish Singhal explains business model on Twitter

“At present, we do not lend crypto, offer interest on crypto deposits or balances, or reinvest users' crypto. However, we are a user-centric company & we continuously listen to our users’ asks," Singhal said.

Watch MC@DAVOS as CoinSwitch CEO talks startup growth, cryptos, regulations, and more

Moneycontrol in conversation with CoinSwitch CEO on India’s crypto journey, Bitcoin Pizza Day, startup growth and expectations from Davos 2022. Watch the video for more.