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CrossTower eyes Indian cryptocurrency market with the launch of its trading platform

The company’s debut comes at a time when India’s crypto adoption numbers are on the rise.

CrossTower, a US-based digital asset trading platform, has set up shop in India with CrossTower India shaking off concerns on regulatory uncertainty around crypto, the company announced in a press release. The company was founded by Chief Executive Officer Kapil Rathi and President Kristin Boggiano in 2019, and it now operates crypto exchanges in eighty-one countries.  The company has also established a local unit for which it has hired thirty-five people to date, according to a Reuters report. The company is offering over forty cryptocurrencies in Indian rupees to its users.  Cryptocurrencies are gaining traction among Indians given the young demographic of the country. India ranked second in terms of crypto adoption among 154 countries, as per the 2021 Global Crypto Adoption Index by Chainalysis, a blockchain data platform. The sector is unregulated but that has not dented the aspirations of…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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