CrossTower, one of the world’s fastest and leading trading platforms and digital asset investment firms, today announced the launch of its crypto trading platform in India. The platform was methodically built on a robust, scalable, and resilient infrastructure with best-in-class safeguards, services, and capabilities. CrossTower offers the most competitive fees to the Indian crypto community.
CrossTower is ranked fourth out of 152 global exchanges by CryptoCompare – a central and leading authority for global cryptocurrency data. The ranking was based upon asset and market quality, data, security, KYC, regulations, and the team. Besides offering competitive pricing for its users, the company also uses sophisticated compliance infrastructure and top security measures to protect customers. As a part of its launch, CrossTower is offering its first 1,000 Indian customers an opportunity to earn extra Bitcoin upto INR 500 on their first trade on the exchange.
The company’s launch in India is at a pivotal time for the rapidly growing Indian market. The Indian cryptocurrency market grew from USD 923 million in April 2020 to a staggering USD 6.6 billion in May 2021, which is an average of over 50 per cent monthly growth. With over 1.5 crore Indians invested in crypto already, the Indian market is positioned to significantly grow. Among 154 nations, India ranks 11th in cryptocurrency adoption, according to a report by Chainalysis, a well-respected blockchain data platform.
For India, CrossTower has built a business that permits everyone, from young adults to business tycoons, making investing in cryptocurrency easiest and safest. Any individual in any village, town or city in the country can start cryptocurrency trading with the trusted CrossTower platform using Indian rupees and access over 40 cryptocurrencies (tokens).
CrossTower was co-founded in 2019 by Kapil Rathi, Chief Executive Officer and Kristin Boggiano, President, to bring digital asset trading mainstream. Both bring over 20 years of experience in managing traditional exchanges and financial services businesses in the US. CrossTower operates fully regulated crypto exchanges in the US and Bermuda, servicing 81 countries. Rathi has built exchanges over the past 20 years, including at the New York Stock Exchange, BATS, International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE).