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Crypto Giant CoinSwitch's Bold Leap: From One App to a Product Powerhouse, Profitability Returns!

Startups/VC

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Published on 22nd November 2025, 3:29 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

Indian crypto unicorn CoinSwitch, launched in 2017, has expanded significantly from its initial retail app to offer a diverse product suite including platforms for traders, services for High Net Worth Individuals (HNIs), algo trading, and futures/options. The company, which has reached 2.5 million users, emphasizes robust security measures and is committed to responsible industry leadership through initiatives like the Rs 600 crore CoinSwitch Cares Recovery Programme. Co-founder Ashish Singhal notes the group is profitable at the company level as of Q2 FY26, attributing past losses to strategic investments. He highlights improving regulatory clarity in India and growing global crypto adoption, signaling a positive outlook for the sector.