Best Cryptocurrency Exchange Fees

US-based crypto exchange CrossTower enters India, offers Rs 500 in Bitcoin to early users

US-based crypto exchange CrossTower enters India, offers Rs 500 in Bitcoin to early users
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CrossTower said it has built a business that allows everyone, from young people to big business, in India to make investing in cryptocurrency easier and safer.

CrossTower, one of the world’s leading digital asset trading and investment companies, has announced the launch of its cryptocurrency trading platform in India. In a statement, CrossTower said the platform is systematically built on a robust, scalable and resilient infrastructure with best-in-class guarantees, services and capabilities. CrossTower promises a more competitive fee to the Indian crypto community.

CrossTower is ranked 4th out of 152 global exchanges by CryptoCompare – a central and leading authority for global cryptocurrency data. The rating was based on asset quality, market, data, security, KYC, regulations and team.

Besides offering competitive pricing to users, the company also uses advanced compliance infrastructure and security measures to protect customers, according to the statement. As part of its launch, CrossTower is offering its first 1,000 Indian customers a chance to earn additional bitcoins of up to Rs 500 on their first trade on the exchange.

Commenting on the launch in India, Kapil Rathi, Co-Founder and CEO, said: “In the past two years, India has witnessed a revolution in crypto investing. The new generation of investors in India has welcomed cryptocurrencies as a tool for financial freedom. With technological advancements, crypto markets have proven to be a major driver in the democratization of wealth. Our team’s unique combination of expertise will allow us to make crypto investments simple and accessible to anyone. CrossTower is also pleased to be involved in policymaking that will propel India to be a leader in the cryptocurrency industry on a global level.”

The Indian cryptocurrency market is reported to have grown from $923 million in April 2020 to $6.6 billion in May 2021, with an average monthly growth of over 50 percent. More than 1.5 crore Indian rupees have been invested in cryptocurrencies.

Out of 154 countries, India ranks 11th for cryptocurrency adoption, according to a report by Chainalysis.

CrossTower said it has built a business that allows everyone, from young people to big business, in India to make investing in cryptocurrency easier and safer.

“Anyone in any village, town or city in the country can start cryptocurrency trading through the trusted CrossTower platform using Indian Rupees and have access to more than 40 cryptocurrencies,” the company said.

CrossTower was founded in 2019 by Kapil Rathi, CEO and Kristin Boggiano, President, to bring digital asset trading into the mainstream. CrossTower operates fully regulated crypto exchanges in the United States and Bermuda, serving 81 countries.

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