CoinSwitch Launches “Web3 Coins” – Now Buy More Than 1 Lakh Crypto Tokens in INR, Without the Hassle of a Wallet!
A new era has begun in the cryptocurrency world, where CoinSwitch has launched its new feature “Web3 Coins”. This feature allows users to directly trade more than 1 lakh new and profitable crypto tokens in INR – that too without the hassle of a wallet, token swap or network fees.
What are Web3 Coins?
According to Ashish Singhal, co-founder of CoinSwitch, “Today, 99.9% of Indian users do not have access to decentralised tokens, simply because their technical process is very complex. Web3 Coins removes this complexity, making buying new crypto assets as easy as buying Bitcoin.”
The aim of Web3 Coins is to make decentralised crypto tokens such as Lido, Uniswap, Jupiter, PancakeSwap accessible to general investors. These tokens are different from centralised crypto exchanges such as Binance or Coinbase. They are not controlled by a single company – any developer can create them.
Benefits and Risks of Decentralization
Decentralised tokens are fertile ground for innovation, as any developer can launch a coin with new use-cases. But it also carries high risk, as regulation and quality control are very low.
Globally, today there are about 200 million unique trading addresses on decentralised exchanges, and their market cap is about $11.83 billion (according to data from CoinGecko). Seeing this rising trend, CoinSwitch has introduced a feature like Web3 Coins which will act as a bridge between decentralised and centralised exchanges.
Token Listing within 24 hours!
The best part is that new tokens through Web3 Coins will be accessible on CoinSwitch within 24 hours of their launch. This is a great opportunity for investors who want to earn high returns by investing at an early stage.
Ashish Singhal mentioned Shiba Inu as an example, whose early-stage trading was possible only on decentralised exchanges. But by the time it came to centralised exchanges, early investors had already made huge profits. Through Web3 Coins, Indian users can also get early access to such coins.
User Base and Growth
CoinSwitch says that at least 25% of its total 2 crore users will use Web3 coins. The company also says that in the last 6 months, 34% of active users have engaged with new tokens, which means investor interest is high.
CoinSwitch, which was formed in 2017, has raised more than $300 million in funding so far. It includes major investors like Coinbase Ventures, Tiger Global, and Sequoia Capital India. In the last 7-8 months, the platform has seen organic signup growth of 50%.
Although trading volumes are still lower than the 2021 peak, Singhal says 2025 is shaping up to be a record-breaking year for CoinSwitch in terms of investor participation.
Conclusion
The launch of Web3 Coins is not just a product update for CoinSwitch – it is the beginning of a new digital revolution for Indian crypto users. Now access to decentralised tokens has become easier, and investors are getting new opportunities in which they can diversify their portfolio by investing at an early stage.
Now it remains to be seen what kind of impact Web3 Coins make in the Indian crypto market – but one thing is for sure, the crypto world is now becoming more democratic and inclusive.