In Trading Push, CoinSwitch Unveils Crypto Futures With Over 350 Contracts

Cryptocurrency exchange CoinSwitch has launched crypto futures trading on its PRO platform, which will offer a versatile trading experience for selected users, allowing them to maximise their trading potential with leverage of up to 25X.

With this new feature, users can trade in over 350 contracts, including BTC, ETH, SOL, MATIC, and XRP. 

CoinSwitch Futures will enable users to take long (buy) or short (sell) positions on perpetual futures contracts and will also allow them to hedge their spot holdings. The platform aims to stand out with its competitive commission rates, offering users some of the lowest fees in the market. Additionally, new users will benefit from a 100% commission rebate for the first 15 days.

“By offering leveraged futures contracts, we aim to cater to the needs of sophisticated traders seeking to capitalise on price movements in the dynamic crypto market,” said Balaji Srihari, business head, CoinSwitch.

Users can access futures trading on mobile and desktop by signing up or logging into their existing CoinSwitch PRO accounts.

Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, CoinSwitch is a crypto trading platform that aims to simplify and enhance the trading experience for over 2 crore Indians through its app and CoinSwitch PRO.

Last month, the company introduced specialised crypto investment services for High Net-Worth Individuals (HNIs) and institutional investors, aiming to provide secure and customised solutions. In September 2021, CoinSwitch entered the unicorn club with a $1.9 Bn valuation.

The development comes months after CoinSwitch announced plans to take legal action against WazirX to recover 2% of its trapped funds. In a blog post on August 28, CoinSwitch stated it held INR 12.4 Cr and INR 28.7 Cr in ERC20 tokens, and INR 39.9 Cr in other tokens on WazirX.

Meanwhile, in April the founders of the crypto currency platform launched stock investment platform Lemonn under the umbrella brand PeepalCo. Lemonn is the second independent company under PeepalCo after CoinSwitch. 

At the time, Inc42 also reported that CoinSwitch founders were aiming to launch an investment platform in the next quarter. 

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