Bengaluru, 18 November 2024: CoinSwitch, India’s largest crypto trading platform, has launched SmartInvest, a new feature designed to enable users to reap the benefits of advanced crypto trading in a simplified white glove service.
SmartInvest allows users to leverage expert trading strategies without coding expertise, aimed at enhancing their gains and minimizing the risk through intelligent strategy execution. This offering is an extension of CoinSwitch’s API trading which was launched last year.
Balaji Srihari, Business Head at CoinSwitch, explained, “Crypto trading can feel complex—choosing assets, timing entries and exits, identifying opportunities… It’s challenging for investors. The API trading feature, which was launched last year, received strong interest; however, we recognized that many users lacked the skills or time to create their own strategies. SmartInvest bridges this gap, allowing investors to access expert-driven strategies without needing coding expertise.”
SmartInvest offers a selection of strategies crafted by experienced traders, optimized to seize market opportunities, including arbitrage. Users can evaluate and choose from available strategies based on historical profits, minimum investment requirements, and adoption statistics. Once selected, SmartInvest’s algorithms execute trades automatically on behalf of users, with a share of profits allocated to strategy developers. Users will be able to monitor the real-time Profit and Loss (P&L) from the SmartInvest section.
CoinSwitch piloted the feature in September and received an overwhelming response. SmartInvest currently features nine expert creators offering 13 strategies, each meticulously vetted through a three-stage assessment. Strategies with proven profitability gain broader user access, ensuring reliability and high performance. Since the launch, creators have on average made an income of Rs 2 lakh per month through creator commission. Creator income is a fraction of profits generated for investors.
CoinSwitch continues to enhance its API trading platform with high-frequency capabilities, including advanced sockets and higher rate limits for APIs, solidifying its commitment to robust, user-friendly crypto trading tools.
About CoinSwitch
Founded in 2017, CoinSwitch is India’s largest crypto trading platform and is registered with FIU. It simplifies and enhances the trading experience of more than 2 crore Indians, across its suite of products—the app and CoinSwitch PRO. Today, users can choose from over 200 coins on the platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified.
About PeepalCo
PeepalCo is a house of brands serving India with tailored wealth-tech products, Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCo’s products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
