Indian crypto exchange platform CoinSwitch Kuber has expanded its supported assets by 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). Among the newly introduced cryptocurrencies, MANA, GALA and SAND are crypto tokens born from online games that are now also entering the 3D iteration of the Internet, also known as the metaverse.
With the addition of these five new assets, the exchange has also expanded its education initiative like Kuberverse which aims to inform investors.
Commenting on the new additions, Ashish Singhal, Founder and CEO, CoinSwitch Kuber, told Gadgets 360, “In our continued efforts to make equal money for all, we have ended up adding five new assets after rigorous scrutiny in India. As crypto adoption in the U.S. continues to grow, our education initiatives including Kuberverse are aimed at helping crypto enthusiasts make an informed investment decision. We urge investors to do their research from verified sources before investing.”
MANA, an ERC-20 token used to pay for NFTs, special names in the Decentraland metaverse, Avatar, the wearable, has grown by 540 percent since September. Each MANA token is currently trading at $3.25 (approximately Rs.245) CoinMarketCap,
Similarly, game-based crypto tokens SAND and GALA have also risen in the recent past, trading at $5 (around Rs 383) and $0.4397 (around Rs 33) respectively.
On the other hand, REQ and COTI are niche crypto assets, used in secure payment scenarios.
At such a time, India is considering its ways. regulated In the crypto space, the country is housing the largest number of crypto investors in the world.
Many studies from research firms such as seer guru, and BrokerChoose has revealed that there are around 100 million crypto investors in India.
Currently, India’s crypto bill has not reached the Indian Parliament during its winter session. government is Allegedly To study crypto regulatory measures being considered by other countries.
Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, business advice or any kind of advice or recommendation given or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.