India, 16 September 2025: CoinSwitch, India’s largest crypto trading platform, today announced that it has crossed the landmark of hitting 2.5 crore registered users, becoming the first Indian crypto platform to achieve this scale. The milestone comes on the back of strong retail participation, with daily average spot trading volumes growing 2.4x in 2025, underscoring CoinSwitch’s market leadership.
Founded in 2017, CoinSwitch has consistently worked to simplify access to digital assets for Indian investors. Today, with over 2.5 crore users, the platform not only cements its position as India’s largest and most trusted crypto platform but also inspires confidence among first-time investors entering the space.
CoinSwitch credits its growth to a steadfast focus on safety, compliance, and transparency. The company is ISO/IEC 27001:2022 certified and registered with the Financial Intelligence Unit – India (FIU-IND). By embedding trust at the heart of its operations, CoinSwitch has built a secure and transparent environment for investors in an industry often marked by volatility.
The rise in adoption also mirrors broader shifts in India’s financial ecosystem. A recent Goldman Sachs report projects household savings in India to generate USD 9.5 trillion in financial asset inflows over the next decade, driven by a transition from physical to financial assets. While a large portion of this is expected to flow into equity and other assets, digital assets are also a growing preference among modern Indian investors.
Commenting on the milestone, Ashish Singhal, Co-founder, CoinSwitch said,”From day one, our goal has been to make wealth creation accessible to every Indian. Whether it is building a simple app for someone starting their journey or creating advanced tools for seasoned traders, everything we do is with Indian users in mind. Crossing 2.5 crore users is a huge milestone, but what makes it truly special is that so many of them chose to take their very first step into crypto with us, and that is what really keeps us going.
Along the way, we have focused on solving challenges unique to India, like offering smooth Rupee-based products and making it easy for users to file taxes on crypto gains. Looking ahead, our mission stays the same: to give every Indian the confidence to explore this new asset class safely, responsibly, and without fear.”
CoinSwitch continues to pursue its vision of “Making Money Equal for All.” As crypto cements its place as a mainstream asset class, the company aims to empower every Indian investor to responsibly add an alpha to their portfolio through innovation, education, and a user-first approach.
About CoinSwitch
Founded in 2017, CoinSwitch is India’s largest crypto trading platform and a pioneer in shaping the country’s crypto ecosystem. With over 2.5 crore users, CoinSwitch operates a regulatory-compliant platform that simplifies and enhances crypto trading for both retail and professional investors.
Backed by global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India to the tune of $300 million, CoinSwitch offers 350+ coins on its platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified and Financial Intelligence Unit – India (FIU- IND) registered.
About PeepalCo
PeepalCo is a house of brands serving India with tailored wealth-tech products aimed at Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCo’s products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
