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CoinSwitch brings SIP-style investment to crypto assets, here’s what you need to know

This may be a sign that India’s crypto space is evolving into a mature financial market even as tax uncertainties loom.

CoinSwitch*, one of the most prominent crypto exchanges in India, will now allow its investors to buy crypto assets in a systematic manner, according to a press release from the company. The recurring buy plan (RBP) is derived from the same logic as SIPs (Systematic Investment Plan) in which investors invest a fixed amount of money at predefined intervals in mutual funds. The exchange, which turned unicorn last year, said that it is looking to address the volatility concerns and impulsive trades of investors with the plan. The plan is not available to everyone as of now and users will need to sign up to get on a waitlist for early access, the company said. "Crypto is an emerging asset class and has a higher degree of volatility in comparison to traditional assets. The recurring buy plan allows users to…

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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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