Singapore-based crypto start-up Coinstore enters India
- Allocates $ 20 million for expansion in India
- Plans to open offices in Bangalore, Delhi and Mumbai
Crypto Futures and Spot Exchange Coinstore today announced its foray into the Indian market by launching its web and application platform for Indian users. Indian users can use Coinstore’s easy to understand user interface to trade, buy and sell cryptocurrencies, with easy KYC verification and 24/7 customer support. Coinstore allows users to trade over 50 popular cryptocurrencies anytime, anywhere from the comfort of their mobile phone.
âWe are really excited to have launched our app in India, with over 20% of our users active in India, we have decided to start local operations to fully support our Indian users,â said Jennifer Lu, Product Manager and co-founder of Coinstore. . âCoinstore aims to simplify the cryptocurrency adoption process and foster a joyful trading experience, whether it’s spot or futures trading,â she added.
Coinstore has decided to expand into India with the establishment of a local support office currently underway. Coinstore will open offices in Bangalore, Delhi and Mumbai which will serve as a base in India for future expansion. The company has 100 positions available immediately to hire local talent in India for its customer support, marketing and operations division. The $ 20 million India expansion fund will be primarily used for marketing, talent recruitment, and the development of crypto-related products and services for the Indian market.
Coinstore will offer a single copy trading feature to its Indian users, where users will be able to follow the transactions of other successful traders to make strategic investments by trading future prices of cryptocurrencies. In June of this year, Coinstore successfully launched its iOS and Android apps worldwide alongside its online trading platform to much fanfare. With a strong focus on security, Coinstore will soon be subject to a rigorous audit by Hacken, a global cybersecurity firm focused on blockchain security.
Coinstore’s goal is to take the crypto industry to the next level and provide access to popular digital assets to the general public. Encompassing a whole new concept of ‘fun’ in finance, Coinstore plans to make digital assets accessible to everyone. Yet at the start, Coinstore invites community members and interested influencer partners to collaborate in the next steps. A multilingual trading platform established in Singapore, Coinstore’s core team is made up of experienced finance professionals and technical blockchain talent who have rich experience in digital finance, blockchain technical development and protection of the network security. With our expertise, you can leave security in our hands as you embark on your financial journey. For more information visit https://www.coinstore.com