CoinSwitch launches INR-based Crypto Futures
Mumbai, Apr 30 (UNI) CoinSwitch, country's largest crypto trading platform has launched INR-based crypto Futures.
This new feature enables Futures trading directly in INR, eliminating the need for USDT conversion, making the overall trading experience more seamless and efficient.
On the announcement, Balaji Srihari, Vice President, CoinSwitch, said that 'India is one of the fastest-growing crypto markets in the world and second largest by value received, globally. It deserves solutions that reflect its unique needs and user behavior. With the addition of INR-based crypto futures on CoinSwitch, we're taking a step toward building a platform that's truly tailored for Indian users – removing unnecessary friction and making advanced trading tools more accessible than ever before.'
This development stems from a key user insight – trading in INR is more intuitive and relatable for the Indian users as compared to USDT, which is commonly used as the quote currency in the global markets. By eliminating the need to convert INR to USDT, CoinSwitch aims to streamline the trading experience and make futures trading more accessible and user-friendly for the Indian market.
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