In India, buying cryptocurrency has become much easier than ordering burgers or pizza from any food-delivery application. The ease offered by the crypto trading platforms is one of the reasons, the youth of India has driven towards crypto investment.
A report published by Reuters stated, “The growth of cryptocurrency investing in India is being facilitated by crypto exchanges making it as simple as possible for users to trade.”
While talking about CoinSwitch Kuber in its article, Reuters, mentioned that the crypto exchange has recently become a crypto unicorn.
As soon as the company concluded its funding round the total valuation of the company reached $2 billion.
The report further mentioned that around 70 percent of the company’s users are youth, who mostly belongs to the age group of 25-years and above. The youngsters are being considered as the primary force, driving the growth of crypto adoption in India.
It is easy to open an account of CoinSwitch Kuber, the new users just need to update their basic identity requirements, like tax numbers and selfies. This is just a five minutes process.
The platform has also made the investment process easier and pocket-friendly. The user can make a minimum investment of Rs. 100 ($1.30) on this crypto trading platform. These small efforts of CoinSwitch Kuber have enabled the platform to amass 12 million users in the past 18 months.
