Back to Career News

CoinSwitch adds Recurring Buy Plan for crypto assets

February 08, 2022

CoinSwitch adds Recurring Buy Plan for crypto assets

CoinSwitch Kuber, the Indian crypto exchange platform, has taken a step to help investors stay alert against market volatility and make informed decisions. The platform has rolled out a new feature called Recurring Buy Plan (RBP) to enable long-haul investors to contribute deliberately rather than having them make impulsive trading decisions depending on market fluctuations. The organization that claims to have 15 million registered users made the official announcement on February 7.

The plan will require users to allocate a fixed monthly amount to buy some units of a specific asset at a given cost for 12 months. As the time span for this month-to-month deposit expands, clients will have better chances of bagging bigger average prices.

“Crypto has a more serious level of volatility in comparison with traditional assets. Recurring buy plan allows users experience the power of compounding by systematically buying cryptos and making regular, distributed purchases,” Ashish Singhal, Founder, and CEO, CoinSwitch told Gadgets 360. “It will also empower users with a lower risk people to explore this new asset class.

Interested customers can register to get early access to the new feature. Android clients will get the feature before those on iOS, the organization said.

The development comes only days after India reported a duty of 30% on crypto-based incomes.

Important Links:

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp