Cryptocurrency is a one and only area till now where India changed to the other level after the CoinSwitch Kuber amazing takeoff. CoinSwitch Kuber’s progress from the first day of its inception to having a massive attribute, which has garnered recognition throughout the whole blockchain sphere of the country showcases the transformation of the crypto adoption story in the entire nation.
This investigation is going to shed light on the coin journey made by the cofounders by placing special emphasis on the major landmarks, the hard moments that they had to go through, and the secret techniques that encouraged growth in their project to turn the company into a market leader.
| Table of Contents |
| 1. Introduction |
| 2. Company Overview |
| 3. Startup Journey |
| 4. Business and Revenue Model |
| 5. Regulatory Compliance and Investor’s Trust |
| 6. Challenges Faced |
| 7. The Future Looks Bright |
| 8. Top Competitors |
| 9. Conclusion |
CoinSwitch Kuber: Company Highlights
| Attribute | Details |
| Startup Name | Coinswitch Kuber |
| Also Known As | Coinswitch.co |
| Headquarters | Singapore |
| Industry | Financial Services, Fintech, Trading Platform, Cryptocurrency |
| Founders | Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari |
| Founded | 2017 |
| Valuation | $1.9+ billion |
| Current CEO | Ashish Singhal |
CoinSwitch Kuber Success Story: Overview
CoinSwitch Kuber is a digital platform project that is intended to simplify the procedure of purchasing cryptocurrency. It operates by collecting a large amount of liquidity from popular crypto exchanges in India and in the world. The trading platform includes a high-quality, instantaneous order matching engine to supply highly optimized rates for all the traders which in turn make trading a simple and easy affair.
Source: Entrackr
In fact, the rope for CoinSwitch Kuber is always the continued inputs and relationships with customers. Through services which tailor to user experience and integration of feedback-driven improvements, a platform has created a community, which constitutes traders and investors willing to work with the platform. And fourthly, the exchange CoinSwitch Kuber has contributed a lot to the wide adoption of cryptocurrencies by the public.
By means of educational efforts and awareness activities the platform has shown that the most common myths about digital assets cannot stand a test of being a reality. This, in turn, results in the broader application of the products.
CoinSwitch Kuber Success Story: Startup Journey
The fact that CoinSwitch Kuber has come a long way from its early stages as a startup to be a well recognized market leader today in its own class is proof of its ability for resilience and innovation. The company encountered diverse problems as well as some ambiguities in legislation. However, it bravely sailed through tough waves, took the wise decision, and looked into the future.
Though the company was able to deal with the adverse conditions because of the following ability to adapt and agility, the company has not only handled the difficult situations but also strengthened its place in the market consequently it is just a matter of time for the organization because of its efficiency in coping with the different conditions.
CoinSwitch Kuber came into existence in 2017 with the intent of taking care of the cryptocurrency realm’s convoluted structure apprehensions and ensuring that the users find it comfortable to access this. Admitting that ease of usage is an important ingredient in the successful crypto implementation, the speaker stressed the point that simplicity is the key to a wider user base. From day one, CoinSwitch tries to produce a user-friendly platform where crypto-secret services can light up for the multitude of people.
Nevertheless, the trip ended up on the wobbly board as in the year 2018, Reserve Bank of India (RBI) terminated all the banks support which initially started in 2018. Though, following this, the company increased the product’s reach beyond India as well and the product was titled ‘CoinSwitch’ to enter the global market.
Succeeding this, in sync with those of Sequoia Capital, CoinSwitch made progress tremendously outside. On the other hand, they can be proud of the historical successes that the founders have achieved throughout the world, but they do not forget that their main principles are still the ideals of their patriotism.
This commitment created a milestone when the Supreme Court intervened in the ban, and introduced a new age of opportunity for crypto-exchanges like WazirX, ZebPay, and CoinSwitch. This judicial verdict of RBI has acted like a facilitator of CoinSwitch and thus, this actualized the introduction of the CoinSwitch Kuber which mainly solves the problems of the Indian community.
CoinSwitch Kuber: Business And Revenue Model
Source: Bootcamp
CoinSwitch Kuber prosperity is a solid well-designed and implemented business model that not only changed the ways in which the financial services industry is traditionally run but also opened up a new parallel road of decentralized finance. Let us literally explore the love details of this model and learn how CoinSwitch Kuber company was able to gain a bumper share of a blossoming crypto market.
Commission-Based Trading Platform
CoinSwitch Kuber’s mainstream business is the advertising of its cryptocurrency trading platform designed for purchase and sale of different digital coins from Bitcoin, Ethereum to the various other altcoins.
A platform operates under the business model of charging the share of commissions from the earnings of each made on the exchange, typically in the range from 0. 1% to 0. which can range from as low as 0. 5% in highly liquid markets and for major assets, to as high as 5% in illiquid or exotic asset trading.
CoinSwitch Kuber owes its success to an intuitive interface and a broad range of crypto coins. It has attracted many consumers, from pros to noobs, who are already using a commission-based revenue stream to purchase cryptos.
Recurring Buy Plan (RBP)
CoinSwitch Kuber’s platform has brought into spotlight the Recurring Buy Plan (RBP) that enables users to make systematic investment in crypto assets as more and more investors have lately been investing in the likes of Systematic Investment Plans in mutual funds. Such excellent creation not only has expanded crypto investor’s accessibility but also has served as accumulating revenue for the company.
The deadline is set at a nominal fee for subscriptions to the RBP, making a reliable and space-bounded income source, which meets the growing hunger for long-term financial strategies based on digital assets.
CoinSwitch Kuber Vault
Along with its trading platform, this platform has also diversified into the realms of cryptocurrency asset management with it offering CoinSwitch Kuber Vault product. The Vault is an advanced, custodial wallet that not only allows users to store their digital assets safely but also allows them to perform transactions with more ease.
The Vault service itself is free, but CoinSwitch Kuber’s revenue streams involve spreading the benefits of higher-level services like advanced features and premium support, as well as educational resources. The demand for secure storage provided by CoinSwitch Kuber Vault would lead to a revenue stream for the company.
Institutional And Enterprise Services
Through the insight that cryptocurrencies are getting more popular with institutional investors and businesses, CoinSwitch Kuber have widened their services to make this population part of their target audience. The Board grants tailor-made services to the corporate treasury management, asset tokenization, and blockchain integration domains.
CoinSwitch Kuber has realized the opportunity to gain a significant part of the market by applying its crypto specific expertise and providing the enterprise grade services, which customers pay premium fees to receive.
The Expansion Into The Defi And Nfts Domain.
Along with the innovative philosophy, CoinSwitch Kuber is constantly looking for ways to stay at the top of the game by applying its efforts in the sector of decentralized finance and non-fungible token (NFT). The platform has got started with its own DeFi products and provides chances for the users such as lending, borrowing, and yield farming in a decentralized way.
The NFT arena recently came to the attention of CoinSwitch Kuber, which assists creators and artists in making NFTs, exhibiting them, and trading them in a smooth manner. Whereas these projects are still in the starting phase as of now, they have a great scope to create more revenue streams by charging transaction fees, royalty and by adding more services in future.
Strategic Partnerships, Ecosystems Building Applied.
CoinSwitch Kuber has entered into partnerships with exchange companies, wallets, and payment service providers within the crypto ecosystem, very important elements of this sector. These collaborations beyond the platforms alone are all catalysts of additional sources of revenue through affiliate marketing, referral programs, and co-branded products and services.
CoinSwitch Kuber also aims to build the most comprehensive crypto ecosystem, hence, acting as a central hub providing for virtually all transactions and services making each opportunity to earn money more possible.
Regulatory Compliance and Investor’s Trust
Among the vital elements of CoinSwitch Kuber’s success is its unbending compliance, conformity and transparency. This platform falls in compliance with stringent KYC norms and has counter money laundering measures as well which have resulted in the building trust among the investors and the regulatory authorities having the same.
These trust and credibility have brought in the investments from the reputed VCs and institutional investors thus, helping CoinSwitch Kuber to fulfill the required capital to fuel its growth and to increase the number of its revenue-generating activities.
Over the years, the cryptocurrency industry in India has undergone a huge change and the model of CoinSwitch Kuber that focuses on heterogeneous innovations has propelled it to the front line of the forward-looking industry.
Bringing together old nice sources of earnings with modern ones such as DeFi, NFTs and enterprise services, CoinSwitch Kuber has established itself as a leader, planning to take advantage of big opportunities.
CoinSwitch Kuber Success Story: Challenges faced
Source: The Hans India
CoinSwitch Kuber which has an employee base of over 120 and uses more than 4. The interface and design of 5 million mobile apps are incomparable to other apps, making it a key factor that distinguishes it from the market competition. The reason for a minor problem was that the app didn’t have an option of UPI payment.
On 21st April, 2021 INR deposits within CoinSwitch Kuber App were stopped across all the media platforms which the company operates. The decision was due to unknown problems with the bank’s partner’s agency which was personally conveyed on Twitter by CoinSwitch Kuber. In the resolution of the dispute, INR deposits have since been reinstated from today.
The cryptocurrency setup in India continues to be an intricate matter despite approving the investment in crypto. The foremost task emphasized by the founder namely Ashish is teaching the people of India about cryptocurrencies and its ecosystem.
CoinSwitch Kuber has faced the rigorous scrutiny of regulators focused on its proposed lending function to step in to meet SEC demands. Despite this, the founders anticipate incorporating the loan and stake utilities as the source of their future revenues generation. The process of proactive dialoguing with regulators to enhance the performance of regulations and align agendas is now in place.
In the wake of unresolved guidelines regarding crypto-trading, CoinSwitch Kuber decided on a temporary crypto withdrawal disabling.
CoinSwitch Kuber Success Story: The Future Looks Bright
While the crypto industry develops and develops, CoinSwitch Kuber is in a good position to capture the many opportunities that arise. Fueled by a wide range of users, a highly creative team of experts, and a strong ambition to revolutionize the financial sector in India and elsewhere, the platform has every chance to occupy the leading position in shaping the future of finance.
From the frictionless movement of money to the ever-expanding aspects of Web3 and the metaverse, CSK traverses the frontiers of financial technology. The company’s [start-up] story represents a role model and a proof of what disruptive technologies and the power of stubbornness can achieve. With a continuously developing crypto-sphere, CoinSwitch Kuber remains among renowned trend setters of mass adoption offering routes towards a decentralized, transparent and equitable financial ecosystem for India.
CoinSwitch Kuber: Top Competitors
| Platform | Description |
| Coinbase | Cryptocurrency exchange platform |
| WazirX | Cryptocurrency exchange platform |
| CoinDCX | Cryptocurrency exchange platform |
| Instamojo | Online payment gateway platform |
| Glidera | Cryptocurrency exchange platform (acquired by Kraken) |
| ZebPay | Cryptocurrency exchange platform |
| SmartCoin | Digital lending platform |
| Paxful | Peer-to-peer Bitcoin marketplace |
Conclusion
In Conclusion, CoinSwitch Kuber has shaped a milestone on India’s cryptocurrency road map, being the key to the proliferation and substantive innovation in the industry. Right from its launch to the present unwavering position of CoinSwitch Kuber as market leader, the company has navigated with the ability to resist and the strategic vision through a lot of challenges and uncertainties.
The platform’s successful operation is an indication of the creativity and regulations that have been put in place. Through connecting the conventional finance and the decentralized tech, CoinSwitch Kuber has transformed not only the perception for the cryptocurrencies from the investment’s angle but has also built the foundation of the future financial system which is inclusive and transparent.
