CrossTower, the digital asset investment firm, has introduced a new crypto trading platform in India where users can trade more than 40 cryptocurrencies.
The Indian cryptocurrency market soared from $923million in April 2020 to $6.6billion in May 2021 – an average of more than 50 per cent monthly growth. According to CrossTower, 1.5 crore Indians have invested in crypto already.
CrossTower, which operates fully regulated crypto exchanges in the US and Bermuda servicing 81 countries, claims to offer the most competitive fees to the Indian crypto community. As part of its launch, CrossTower is offering its first 1,000 Indian customers an opportunity to earn extra Bitcoin upto INR500 on their first trade on the exchange.
Kapil Rathi, co-founder and CEO at CrossTower, said, “In the last couple of years, India has seen a revolution in crypto-investing. The new generation of investors in India has welcomed cryptocurrencies as a tool for financial freedom. With advancements in technology, crypto markets have proven a key driver in the democratisation of wealth.
“Our team’s unique combination of expertise will allow us to make investments in cryptocurrencies simple and accessible for any individual. CrossTower is also thrilled to participate in policy-making that will drive India to be a premier leader in the cryptocurrency industry on a global level.”
CrossTower is a participant of the Internet and Mobile Association of India (IAMAI), Blockchain and Crypto Assets Council (BACC), Global Digital Asset and Currency Association (Global-DCA) and the Digital Asset Regulatory Legal Alliance (DARLA).
Through these organisations, the firm facilitates policy that will enhance the development and innovation of finance while emphasising the protection and safety of customers’ assets.