CrossTower launches crypto trading platform in India
The platform is ranked No. 4 out of 152 global exchanges by Crypto Compare based on asset and market quality, data, security, KYC, regulations and team
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Hyderabad: CrossTower, a US-based leading trading platform and digital asset investment firm, announced the launch of its crypto trading platform in India on Tuesday.
The platform was methodically built on a robust, scalable, and resilient infrastructure with best-in-class safeguards, services, and capabilities. It offers the most competitive fees to the Indian crypto community.
The platform is ranked fourth out of 152 global exchanges by CryptoCompare, a central and leading authority for global cryptocurrency data. The ranking was based on asset and market quality, data,security, KYC, regulations, and the team. Besides offering competitive pricing for its users, the company also uses sophisticated compliance infrastructure and top security measures to protect customers. As part of its launch, CrossTower is offering its first 1,000 Indian customers an opportunity to earn extra Bitcoin up to Rs 500 on their first trade on the exchange.
The company's launch in India is at a pivotal time for the rapidly growing Indian market. The Indiancryptocurrency market grew from $923 million in April 2020 to a staggering $6.6 billion in May 2021, which is an average of over 50 per cent monthly growth. With over 1.5 crore Indians invested in crypto already, the Indian market is positioned to significantly grow. Among 154 nations, India ranks11th in cryptocurrency adoption, according to a report by Chainanalysis, a well-respected blockchain data Platform.
For India, The company has built a business that permits everyone, from young adults to business tycoons, making investing in cryptocurrency easiest and safest. Any individual in any village, town or city can start cryptocurrency trading with the trusted CrossTower platform using Indian rupees and access over 40 cryptocurrencies (tokens).
Kapil Rathi, co-founder and CEO said: "In the last couple of years, India has seen arevolution in crypto investing. The new generation of investors in India has welcomed cryptocurrenciesas 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 tomake investments in cryptocurrencies simple and accessible for any individual."
