India Should Take the Initiative in Crypto and Web3, Says CoinSwitch Co-founder Ashish Singhal
Ashish Singhal, Co-founder of CoinSwitch, India’s largest crypto exchange, is a staunch advocate for “building for India.” However, he highlights that the absence of public conversation and clear policy guidance is hindering India’s competitiveness. In an interview with Fortune India regarding the introduction of new “crypto options” on the CoinSwitch platform, Singhal discussed the missed opportunities for India and how definitive policy and regulatory backing could enable the nation to quickly catch up.
Explaining the rationale behind launching crypto options, Singhal noted that it will streamline derivative investments for crypto traders at lower fees, while also allowing for real-time settlement and 24/7 trading. “The crypto market is still in its infancy, having only been around for 16-17 years since its inception. Originating from the financial crisis and the emergence of Bitcoin, it has significantly evolved. Now, as the market progresses, institutions are getting involved through ETFs, futures trading is gaining momentum, and options, a key element in the stock market, are beginning to take form in the crypto space.”
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