Valued at $1.9 billion, CoinSwitch Kuber has become the largest crypto company in India, CEO Ashish Singhal said.
Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round.According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the “very top” of Indian unicorns as the firm became “India’s most valued crypto company” at $1.91 billion.The funding round was led by Coinbase’s venture capital arm Coinbase Ventures and Andreessen Horowitz. Previous investors like Sequoia, Paradigm, Ribbit and Tiger Global have also participated in the round.Using the new funds, CoinSwitch Kuber plans to onboard 50 million Indians on the platform and introduce new services like lending and staking. The exchange also expects to launch an institutional-grade product as well as support more diverse investment options. Othe
We współpracy z: https://cointelegraph.com/news/indian-crypto-exchange-coinswitch-kuber-raises-260m
