CoinSwitch, an Indian crypto exchange, has launched CoinSwitch Pro, a multi-exchange trading platform that allows users to trade crypto assets in Indian rupees across multiple exchanges using a single login. The platform is supposedly KYC-compliant.
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Ashish Singhal, co-founder, and CEO of CoinSwitch, said:
“CoinSwitch Pro aims to help Indians trade cryptocurrency assets on a KYC-compliant platform. We believe cryptocurrency traders are currently underserved by products in India. With CoinSwitch Pro, we want to take the trading experience to the next level — help traders discover and leverage the price movement of cryptocurrency assets across multiple exchanges simultaneously, creating opportunities to make profits,”
The exchange wants Indian users to have a whole new trading experience with CoinSwitch Pro. According to reports, traders may discover, contrast, and take advantage of trade opportunities, manage investments in a unified portfolio, and arbitrage across exchanges with a single login.
Users of CoinSwitch Pro will be able to explore and compare the token pricing of several exchanges. Additionally, it will display the volume and value of trade over a 24-hour period, representing the liquidity of each platform’s token. Users can examine changes in token prices across exchanges.
By March 2023, CoinSwitch intends to expand its trading platforms to include non-crypto asset classes such as US stocks and mutual funds.
According to CoinSwitch, to encourage traders, CoinSwitch Pro offers volume-based discounts. This means users can get a 0.1% discount on their trading fee if they generate more trading volume.
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