One of the most popular crypto exchanges in India, CoinSwitch Kuber, has recently made a special announcement. According to the information published by the crypto exchange, it has added five new cryptocurrencies to its trading platform. Among the cryptocurrencies that the clients of the crypto exchange will be able to trade are MANA, SAND, GALA, REQ, and COTI.
By adding these new crypto assets, the exchange will be offering its clients more diversified trading opportunities, which will further grow the opportunities for clients to trade. MANA has become a very popular crypto asset recently, it is an ERC-20 token. It can be used to pay for different types of NFTs, including exclusive names, wearables, and different types of other assets that are available on Metaverse.
Throughout last year, this crypto asset had quite a good performance. The crypto asset had gained over 500 percent from September to November 2021, trading at over $5. Another cryptocurrency that will be available on the Indian exchange is the Sandbox, which was launched back in 2011.
This is a virtual world that is created on the blockchain. Users of Sandbox have numerous different opportunities, such as buying and selling digital assets and doing all the crypto activities in a gamified way. SAND also had quite a good performance throughout 2021, making it a very popular asset among traders.
As for GALA, it was launched in 2019 and also represents the gaming industry. Another new asset that traders will have access to is Request, REQ, which is a utility token. This decentralized payment system is based on the Ethereum network and is known for highly secure transactions.
As for COTI, it is a staking platform, which was created in 2020. It has become. It has become a very popular fintech platform around the world and aims at supporting payment set-ups for organizations.
CoinSwitch Kuber – India’s Leading Exchange
There are many crypto exchanges available for Indian crypto traders. One of the most popular exchanges in the country is by far CoinSwitch Kuber. This Indian crypto exchange has managed to grow dramatically over the past few years and has become very popular among traders in the country.
But, what makes this exchange so popular? One of the main reasons behind its popularity is that it very much focused on providing the highest quality services to Indian traders. The crypto exchange is very actively working on creating a platform for every type of trader.
It offers individuals access to manual as well as automated crypto trading opportunities. Once you open an account with this crypto exchange, you will be able to connect a crypto automated trading robot to it and start trading.
Automated crypto trading has become very popular among retail traders, as it allows them to analyze the price movements in the market in a matter of a few minutes. On the other hand, it could take traders hours to analyze the price movements on their own.
CoinSwitch Kuber is one of those crypto exchanges that are very heavily focused on creating a platform for everyone. The recent addition of cryptocurrencies is another example of how much the crypto exchange is trying to attract different types of traders in the country and to make sure that they meet the interest of different types of crypto traders.
The role of cryptocurrency exchanges such as CoinSwitch Kuber is very important for the future development of the market in India. As demand increases throughout the country, such crypto exchanges are able to provide traders services that they are looking for.
Crypto Trading in India
Although the government of India still fails to have a well-developed cryptocurrency regulatory framework, the population of the country still shows a massive interest in the cryptocurrency trading market.
Crypto trading has become very popular in India over the past few years. A very interesting thing about crypto trading in India is that the demand on the market is very high not only in the bigger cities but even in the rural areas of the country.
This shows that the market is truly very popular in the country and even those who live far from the financial centers have a massive interest in this industry.
The government of India has been working on the regulatory guidelines for the crypto trading market for a long time now. Recently, it was announced that the Parliament of the country would hold a hearing for the Crypto Bill during the winter sessions. However, it was then said that there were numerous edits and changes needed in the Crypto Bill, and the hearing was postponed until February.
A well-developed regulatory framework is very important for India for supporting the future development of the crypto trading market. The majority of the experts are claiming that India has to find the perfect balance between keeping crypto traders safe, while also not getting in the way of future innovations in the cryptocurrency market.