CoinSwitch announces crypto futures with 350+ contracts including Bitcoin, Ethereum

CoinSwitch, one of India’s cryptocurrency trading platforms, introduced crypto futures trading on its PRO platform. This new feature offers an advanced trading experience, allowing users to access over 350 contracts, including major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Ripple (XRP).

CoinSwitch Futures provides users with the ability to take both long and short positions on perpetual futures contracts. The platform offers up to 25x leverage, which enhances trading flexibility and allows users to hedge their spot holdings or capitalize on price fluctuations in the highly dynamic crypto market.

According to Balaji Srihari, Business Head at CoinSwitch, this launch aligns with the company’s mission to offer a comprehensive range of cryptocurrency investment options. The introduction of futures trading caters to more sophisticated traders who seek to maximize profits by leveraging price movements in the volatile crypto market.

CoinSwitch is offering a 100% commission rebate for the first 15 days of trading to incentivise new users. Additionally, the platform boasts some of the lowest fees in the market, making it a competitive option for new and experienced crypto traders.

Users can seamlessly access CoinSwitch Futures through the PRO platform’s desktop and mobile versions. Existing users can easily log in to their accounts, while new users must sign up to get started.

CoinSwitch has grown significantly recently, with over two crore registered users. The company is also diversifying its services by offering specialized crypto investment solutions for High net worth individuals (HNIs) and institutional investors. In 2021, CoinSwitch raised $260 million in Series C funding from prominent investors such as Coinbase Ventures and Andreessen Horowitz, becoming India’s most-valued crypto unicorn at a valuation of $1.9 billion. This latest move into crypto futures further solidifies CoinSwitch’s position as a leader in India’s crypto ecosystem.