Indian Exchange CoinSwitch Kuber Adds Support for Five New Crypto Assets, Takes Total to 80 – Gadgets 360

Indian crypto exchange platform CoinSwitch Kuber has expanded the assets it supports, adding five new offerings for investors. The five new crypto assets listed on the Indian crypto exchange are Decentraland (MANA), Gala (GALA), Request (REQ), Coti (COTI), and The Sandbox (SAND). Out of the newly introduced cryptocurrencies, MANA, GALA, and SAND are crypto tokens born out of online games that are now also entering into the 3D iteration of the Internet, also known as the metaverse.

The exchange that launched in 2020, now offers a total of 80 crypto assets on its platform including Bitcoin, Ether, and Dogecoin among others.

With the addition of these five new assets, the exchange has also extended its education initiatives like the Kuberverse that aims to keep investors informed.

“As crypto adoption continues to grow in India, our education initiatives, including Kuberverse, aim to help crypto enthusiasts make an informed investment decision,” Ashish Singhal, founder and CEO, CoinSwitch Kuber reportedly said.

MANA, an ERC-20 token used to pay for NFTs, exclusive names, avatars, wearables in the Decentraland metaverse has grown by 540 percent since September. Each of the MANA token is currently trading at $3.25 (roughly Rs. 245) as per CoinMarketCap

Similarly, game-based crypto tokens SAND and GALA have also grown in recent times, trading at $5 (roughly Rs. 383) and $0.4397 (roughly Rs. 33) respectively.

On the other hand, REQ and COTI are niche crypto assets, used in secure payment scenarios.

At a time India is mulling over ways to regulate the crypto space, the country is housing the largest number of crypto investors in the world.

Several studies from research firms like Watcher Guru, and BrokerChoose have revealed that India has around 100 million crypto investors.

Presently, India’s crypto bill has not reached the Indian parliament during its winter session. The government is reportedly studying the crypto regulatory measures being considered by other nations.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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