how to choose cryptocurrencies , unicorn founder's advise to investors

CoinSwitch Kuber lately come India's newest, youthful and alternate crypto unicorn amid the rise in fashionability of cryptocurrencies indeed as government station remains unclear. Investors are laying on the digital commemoratives indeed as authorities check buying and dealing of Bitcoin, Ethereum and other coins.
Bengaluru- grounded CoinSwitch, innovated in 2017, was launched as a global aggregator of crypto exchanges. It started its India operations in June last time. In an commerce with mint, CoinSwitch Kuber'sco-founder and CEO Ashish Singhal talks about the story behind, unborn plans as it awaits India's clear station on the crypto bill, advise to retail investors on what to look for when choosing to invest in cryptos, and much further
. The story behind getting India's fastest crypto unicorn
When we started trading in cryptocurrencies back in 2016, we noticed that the prices vary greatly through all exchanges due to them being determined by the demand and force on each individual platform. Then, we plant an occasion for a platform that summations all the exchanges to enable druggies to find the right price of a cryptocurrency at any given time. Hence, CoinSwitch was innovated in 2017 by the three of us. Our end — make crypto investments as easy as ordering food online. At its peak, CoinSwitch was available as a global crypto aggregator in further than 160 countries.

The company crossed 11 million registered druggies in a record 15 months in October with a different population as 55 of CoinSwitch Kuber’s druggies come from league-2 and league-3 metropolises.
We were backed by the likes of Sequoia Capital, Paradigm and Ribbit Capital in Series A backing round in January 2021 and further raised backing from Tiger Global in Series B round in April 2021. In fact, Tiger Global approached CoinSwitch for the backing, rather of the other way around, reflective of the success in India. CoinSwitch Kuber was Tiger Global’s first investment in an Indian crypto company.
Are you in addresses with with the government for the crypto bill or to bring a clear station on the same?

Given the novelty of the technology, nonsupervisory query is accessible. India’s policy geography is shaping up in a way veritably analogous to what we've seen in other countries that have regulated cryptocurrencies.

It's important for India to lead the crypto and blockchain revolution and positive regulations from the Indian government can enable this as they will fight the being hesitancy among numerous individualities and institutions, leading to lesser relinquishment. CoinSwitch Kuber, along with other Indian crypto platforms, believe that crypto is a fiscal asset and not an volition to edict currency.

What do you suppose of the retail power in cryptos which may be bringing too important volatility, especially leading to a rally in unknown coins?
.
Since cryptocurrencies are at a incipient stage, they're unpredictable. Their prices will stabilise as the request matures. In the meantime, we recommend retail investors to assess the authenticity of a crypto asset by covering factors including the community behind the design, the problem it's working, the request cap, literal performance to make an informed decision.
What happens if one day India bans cryptos (like China)?
We don't believe that the Indian government will ban crypto. The tone of the controllers has largely been positive and we anticipate encouraging regulations to be introduced. Given the government’s focus on digital India, we believe they will honor the large-scale counteraccusations of fostering a crypto ecosystem that will contribute towards a technological and fiscal revolution.

Is CoinSwitch trying to introduce or tap other requests piecemeal from cryptos, and go into services across DeFi system?
.We presently don't have plans to tap into the DeFi ecosystem. Still, we're planning to diversify our immolations to include multiple avenues of investment for the druggies through different products and asset classes. This is one of the crucial areas where the Series C backing raised will be utilised.
CoinSwitch Kuber aims to introduce similar traditional means so that it becomes a one- stop platform for an investor’s entire investment trip. We plan to integrate our platform’s characteristic simplicity into these traditional means too to come India’s favored investment destination.