CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

Home-grown crypto exchange CoinSwitch is rolling out a recovery programme worth Rs 600 crore targeted at WazirX users as the company looks to acquire customers of the embattled firm and enable them to recoup their losses.

The amount involved in the programme will be rolled out to WazirX users in a staggered manner over a two-year period. The programme will enable CoinSwitch to disburse amounts at a fixed frequency to such users in Indian rupees (INR) and crypto equivalents.