CoinSwitch Launches Crypto Futures Trading, Offers 25x Leverage to Traders

CoinSwitch, one of India’s largest cryptocurrency trading platforms, has unveiled a new feature on its PRO platform—crypto futures trading. This latest addition allows selected users to engage in futures trading with leverage of up to 25x, presenting traders with opportunities to significantly maximise their returns.

The platform offers over 350 contracts, including major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Ripple (XRP). With the launch of CoinSwitch Futures, users can take both long (buy) and short (sell) positions on perpetual futures contracts. Additionally, they can hedge their spot holdings, offering flexibility in managing their portfolio risks.

CoinSwitch Futures stands out with competitive commission rates, which, according to the company, are among the lowest in the market. For new users, the platform provides a 100% commission rebate for the first 15 days, giving them an attractive entry into crypto futures trading.

“The launch of CoinSwitch Futures aligns with our mission to provide a comprehensive suite of crypto investment and trading options to our users. 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.

Last month, CoinSwitch also introduced tailored crypto investment services for high-net-worth individuals (HNIs) and institutional investors, further expanding its offerings to cater to a wide array of customers. The platform, which boasts over two crore registered users, has seen substantial growth since its inception. In September 2021, CoinSwitch raised $260 million in Series C funding from prominent investors, including Coinbase Ventures and Andreessen Horowitz (a16z), reaching unicorn status with a valuation of $1.9 billion.

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