Coinswitch has announced a new plan to help new crypto investors try to invest in virtual digital assets. The crypto exchange said on Monday it has launched a new service called SmartInvest. With this feature, the exchange has released a series of smart investment strategies that early investors can access to indulge in the first step in digital assets. The development comes a few days after Met Minister S Krishnan said IT ministry is committed to cultivating India’s Web3 ecosystem.
The exchange has added a new section to its application interface called CoinSwitch SmartInvest. The platform says users will have access to investment strategies planned by experienced traders. “Users can evaluate and select available strategies based on historical profits, minimum investment requirements and adopt statistics. Once selected, SmartInvest’s algorithm automatically executes transactions on behalf of the user and allocates share of profit to strategic developers.” The company is based in Bangalore, based in Bangalore. explain.
Despite the strict regulatory stance on the cryptocurrency sector, India has shown significant growth in adoption of cryptocurrencies. AST month, Achainalysis reports showed that India ranked first among 151 countries, which showed rapid crypto adoption. This is the second consecutive year that India has surpassed the Chain Analysis Index. The country regards crypto assets as financial instruments used for investment and transactions and does not recognize them as being on par with the rupee.
Coinswitch claims it caters to Indian customers over 200 million rupees. By providing a customized guidance program, the company is now seeking boarding for new users.
Balaji Srihari, head of business at CoinSwitch, also said that over the years, potential investors have talked about the complexity of cryptocurrency trading, especially around how to start – a problem the program will try to solve and solve. “Choose assets, timing entries and exits, identify opportunities are all challenging for investors. We have realized that many users lack the skills or time to create their own strategies. SmartInvest bridges this gap and makes investments Those can access expert-driven strategies without coding expertise,” he said.
Earlier this year, CoinSwitch launched a service that offers high net worth individuals (HNI) and provides personalized investment advice and detailed risk management solutions. At the time, the exchange claimed that its team of experts would assist institutional investors in developing tailored investment strategies, dedicated account management, professional tax applications and exclusive market access.
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