Coinswitch debuts its Web3 coins
Cryptocurrency exchange CoinSwitch is introducing Web3 Coins, an offering which allows users to trade over 1 lakh emerging crypto tokens directly in INR — without the usual complexities of wallets, token swaps, or network fees.
The launch comes amid rising investor interest in early-stage tokens such as meme coins, utility tokens, governance tokens, and stablecoins. Over 34% of CoinSwitch’s active users have engaged with new tokens in the last six months, and the company expects at least 25% of its user base — currently over 2 crore — to explore Web3 Coins, Ashish Singhal, co-founder, Peepal Co, the holding company of Coinswitch told ET.
