India's largest crypto trading platform CoinSwitch launches Web3 coins

CoinSwitch, India’s largest crypto trading platform with over 20 million users, has announced the launch of Web3 Coin, a major step towards making decentralized crypto accessible to common investors.With this, users can now get access to over 1,00,000 crypto tokens and trade them directly in INR (Indian Rupees).

Designed keeping the common investor in mind-

Web3 Coins gives investors instant access to those emerging high-potential tokens, which are usually only available on decentralized exchanges. This convenience is available without the usual complexities of wallet setup, on/off ramps, token swaps, or network fees. Designed with the average investor in mind.This feature makes it easier for the mainstream to access the benefits of decentralized trading, allowing them to invest without any technical hassles.

Securely Regulated-

Although trading is based on a decentralized infrastructure, its access is securely controlled through the CoinSwitch platform, ensuring full compliance with all regulations applicable in India.

Accessibility without any complications-

“With Web3 Coins, we are delivering on our promise to make cutting-edge crypto opportunities accessible to everyday investors without any complications,” said Balaji Srihari, Vice President of CoinSwitch. “As crypto continues to evolve, Our goal is to ensure that innovation and opportunity are not limited to the technically adept. Web3 coins bring the frontier of crypto within reach of the mainstream investor."

Trading with New Tokens-

Globally, decentralized exchanges (DEXs) are growing rapidly and now represent nearly 200 million unique trading addresses. According to crypto data platform Dune, DEX platforms have recorded trading volumes of over $2.45 trillion in the past 12 months.The launch comes at a time when investor interest in early-stage tokens is steadily growing. 34% of CoinSwitch’s active traders have traded with new tokens in the last six months, reflecting this growing trend.

Providing access to a wide range of tokens-

Decentralized exchanges give users access to a wide variety of tokens, including utility tokens, governance tokens, meme coins, and stablecoins. These tokens are at the core of the crypto ecosystem and Despite this, users in India, who are among the most active crypto adopters in the world, have been largely deprived due to technical complexities. The launch of Web3 coins by CoinSwitch changes this situation.

To ensure the safety of users-

CoinSwitch follows its own unique TRACE system, which determines which coins are made available for trading.

This process is based on checks in five key areas-

● Tokenomics validation● Risk scans
● Contract security audits
● Community and social insights
● Exchange and liquidity metrics

Security measures -

"This launch is not just about expanding access. It's about doing it responsibly, "Srihari said, "This launch is not just about increasing access. It is about doing it responsibly. And that is why we have built in security measures to ensure that our users can participate with confidence."

CoinSwitch's Mission-

India is already a global leader in grassroots crypto adoption. With products like Web3 Coin, CoinSwitch aims to further democratize access to digital assets while supporting responsible participation in the broader Web3 economy.