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.