In a significant leap for India’s crypto ecosystem, CoinSwitch, the country’s largest crypto trading platform with over 2 crore users, has launched Web3 Coins, enabling users to access and trade over 1,00,000 decentralised crypto tokens directly in Indian Rupees (INR).
This launch marks a milestone in CoinSwitch’s mission to simplify access to decentralised finance (DeFi) and make next-generation Web3 tokens accessible to everyday investors in India.
A Breakthrough for Decentralised Token Access
Traditionally, accessing Web3 tokens through decentralised exchanges (DEXs) involves complex processes such as wallet setup, bridging assets across networks, managing on-chain fees, and navigating risky swaps. CoinSwitch Web3 Coins eliminates these barriers by allowing investors to trade emerging tokens directly in INR without the need for technical expertise.
While the backend operates on decentralised infrastructure, CoinSwitch ensures secure and compliant access via its user-friendly platform. This fusion of innovation and simplicity makes early-stage token trading viable for both novice and experienced investors in India.
“With Web3 Coins, we are delivering on our promise to make cutting-edge crypto opportunities accessible to everyday investors minus the complexity,” said Balaji Srihari, VP at CoinSwitch.
Riding the Global DEX Boom
Globally, decentralised exchanges have recorded over $2.45 trillion in trading volume in the past 12 months, and there are nearly 200 million unique trading addresses in the DEX space, according to Dune Analytics. In India, the interest is also soaring—with 34% of CoinSwitch’s active users trading new tokens in the last six months.
Web3 Coins bridges the gap by enabling access to a wide spectrum of crypto assets including:
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Utility tokens
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Governance tokens
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Stablecoins
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Meme coins
These tokens form the bedrock of the emerging Web3 ecosystem, funding innovation in decentralised applications, metaverse platforms, DeFi tools, and blockchain infrastructure.
Security-First Approach with TRACE Protocol
To maintain responsible trading standards, CoinSwitch has implemented its proprietary TRACE mechanism, evaluating tokens across five key parameters before listing them:
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Tokenomics verification
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Risk assessment
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Smart contract audit
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Community engagement analysis
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Liquidity and exchange metrics
“This launch is not just about expanding access. It is about doing it responsibly. And that’s why we’ve built safeguards to ensure our users can participate with confidence,” added Srihari.
Powering India’s Web3 Evolution
India has emerged as a global leader in grassroots crypto adoption, and CoinSwitch’s launch of Web3 Coins is expected to amplify this momentum. By eliminating entry barriers and supporting responsible participation, CoinSwitch is positioning itself at the forefront of India’s digital asset revolution.
The move aligns with the company’s broader goal of democratising access to digital assets and fostering a more inclusive and compliant Web3 economy in India.