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Indian HNIs swap stocks for crypto as family offices join global bull run

Average HNI trading volumes have gone up by nearly 30 percent across exchanges within the first 15 days of July, as compared to the June figures.

New crypto user sign ups in India improved, but nowhere close to 2021 mark: CoinSwitch’s Ashish Singhal

CoinSwitch is launching a crypto options feature, a type of derivative that would allow users to hedge portfolio risk by betting on future crypto prices.

Budget 2025: Crypto industry seeks lower taxes, loss offsets and regulations to protect consumers

After a tumultuous year, including the WazirX cyber attack, the crypto industry will be closely tracking the budget even as bitcoin crossed $100,000 in 2024

CoinSwitch launches Rs 600-crore recovery program for impacted WazirX users

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.

WazirX releases Proof of Reserves post $230 mn hack, total assets plunge over 40%

WazirX had last reported its POR in June when the total holdings stood at Rs 4,203.88 crore, which has now fallen to Rs 2,506.79 crore post the hack.

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 launches crypto futures trading for over 350 contracts

The new feature on CoinSwitch is targeted at select users allowing them to maximize their trading potential with leverage up to 25x.

CoinSwitch takes legal action against WazirX following $230-mn hack

CoinSwitch said it cumulatively held Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens on WazirX.

WazirX temporarily halts withdrawals after tokens worth $230 million get stolen

In the preliminary report released later, WazirX said, "This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds." The wallet that got hacked had six signatories—five from WazirX team and one from Liminal, who were responsible for transaction verifications.

Crypto players hail India opening door to Binance, hope to see healthy competition

On June 19, FIU-IND issued an order following compliance proceedings and investigation into Binance's operations in India for not adhering to local anti-money laundering regulations.

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.

Top Indian crypto exchanges see a 207% surge in trading volumes in March as Bitcoin soars

The top three exchanges, including WazirX, CoinDCX, and Zebpay, have collectively surpassed trading volumes of over $584 million in March, compared to $189.91 million at the end of February.

Crypto ads make a comeback amid soaring Bitcoin prices

Brand strategists said that crypto exchanges are cautiously wooing customers this time around, following the backlash from the Advertising Standards Council of India in 2022.

Indian crypto platforms can’t offer Bitcoin ETF without regulations, say crypto founders

Moreover, trying to invest in a Bitcoin ETF through a US-based brokerage house won’t be the most efficient route to get exposure to the best Bitcoin prices, as it will have a lot of tax implications

Bitcoin ETF may bring $5 billion in institutional investments over the next 45 days, say industry experts

In a watershed moment for the world’s largest crypto token, Bitcoin, the US SEC has now approved exchange traded funds (ETFs) to track the token.

CoinSwitch unveils umbrella brand PeepalCo; revamps business ahead of wealth-tech expansion

PeepalCo will, thus, include separate brands - CoinSwitch, the core crypto retail app, CoinSwitch PRO for advanced trading, a soon-to-be-launched platform with newer investment classes, and a wealth-management division catering to HNIs.

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.

Exclusive: CoinSwitch lays off 44 employees in customer support team, cites role redundancy

The development comes at a time when the crypto industry in India is grappling with regulatory uncertainty and high taxation, which is causing liquidity issue for both the players and investors.

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.