● Coinsbit India breaks off from its global counterpart to establish independent operations
in India as CryptoForce.
● CryptoForce to hyper-focus on the needs of the cryptocurrency community
Hyderabad, India: Coinsbit India announced a strategic business overhaul to be renamed CryptoForce , an independent cryptocurrency exchange catering specifically to the fast-growing cryptocurrency market. As an essential part of this new strategy, CryptoForce will detach from its global predecessor Coinsbit IO and run its operations independently, enabling the team to create better, hyper-focused solutions tailored for the Indian crypto user.
With over 9 crore Indian crypto-owners making up the most prominent crypto market in the world, there is an imminent need for solutions that address their needs. In this direction, CryptoForce will tailor offerings that enable easy deposits and withdrawals and, more importantly, provide multilingual 24/7 customer care. In building a robust technology framework that operates in line with the regulations set afoot by the Indian government, CryptoForce is determined to become a leading cryptocurrency exchange built by Indians for the world.
CryptoForce is spearheaded by serial entrepreneurs with solid business roots in the country, a deep understanding of the customer mindset, and a track record of delivering cutting-edge technology solutions. Having helped several global businesses adopt emerging technologies across cloud adoption, automation, blockchains, cloud security, application modernisation, and more, their venture into this aggressively-evolving crypto space is a natural next step. With CryptoForce, they aim to create a highly compliant and regulated cryptocurrency exchange platform that is on par with any global platform in terms of technology, security and innovation, while tailoring offerings to the Indian market. With operations led by a seasoned IT team with specialized expertise in the blockchain industry, CryptoForce establishes, from the ground-up, a platform Indian crypto-users can call their own.
Users can explore a variety of investment options on the platform, including:
1. Staking & Staking Basket for earning a fixed interest on investments.
2. SIP (Systematic Investment Plan) to invest a fixed amount periodically in the selected cryptocurrency.
3. SBIP (Systematic Basket Investment Plan) to support a fixed amount periodically in the chosen cryptocurrency basket.
4. CPMS (Crypto Portfolio Management System) to invest in variable risk options based on the user’s risk appetite.
5. Drop of Gold to invest in gold through cryptocurrency.
CryptoForce promises:
● Hassle-free crypto-trading in 100% compliance with Indian government regulations
● Opportunity to transact in Indian currency (INR)
● Flexibility to start small, with as low as 1000 INR
● Quick deposits and withdrawals
● Enhanced security of user assets with 95% of funds stored in a Hot Wallet
● Multilingual customer support system accessible via chat, email and IVR
In the next few weeks, CryptoForce will launch unique, groundbreaking features that aim to revolutionise the Indian crypto market. Some of these features include:
● Deposits and withdrawals available on multiple blockchains
● An academy platform for users to educate themselves with in-depth industry knowledge and the latest trends in the space
● Trading competitions where users get to earn rewards in cryptocurrency, NFTs, etc.
● P2P platform to trade cryptocurrency directly with other users on a secure platform
● OTC platform for high-volume investors to trade outside the exchange
● Futures/Derivatives crypto trading
● Custom or pre-built strategies for users to automate their trading activity
Furthermore, they are developing CryptoForce as a community, bringing like-minded individuals on a single platform to explore …….