CoinSwitch’s fifth PoR shows ₹625 crore surplus over customer holdings

Crypto exchange platform CoinSwitch on Wednesday announced its fifth edition of proof of reserves (PoR) data, stating that the company’s overall holdings of crypto and Indian currency balances were higher than those of its customers.

The company’s total reserves, including crypto and INR balances, were recorded at Rs 2,764.20 crore, while customer holdings stood at Rs 2,138.64 crore as of March 2025. The company’s reserves represented a surplus of Rs 625.56 crore.