Singapore Based Crypto Startup Coinstore Enters India

• Allocates $20 million for India expansion
• Plans to open offices in Bangalore, Delhi, and Mumbai

Crypto futures and spot trading exchange Coinstore today announced its foray into the Indian market by launching its web and app platform for Indian users. Indian users can make use of Coinstore's easy-to-understand user interface to trade, buy and sell cryptocurrencies, with easy KYC verification and 24/7 customer support. Coinstore enables users to trade more than 50 popular cryptocurrencies anytime, anywhere from the convenience of their mobile phones.

"We are truly excited to have launched our app in India, with over 20% of our active users from India, we decided to start local operations to fully support our Indian users," said Jennifer Lu, Head Product and Co-Founder of Coinstore. "Coinstore aims to simplify the cryptocurrency adoption process and support a joyful trading experience be it spot or futures trading", she added.

Coinstore decided to expand into India with the setup of a local support office currently underway. Coinstore will set up offices in Bangalore, Delhi, and Mumbai which will act as its base in India for future expansion. The company has 100 immediate openings for hiring local talent in India for its customer support, marketing and operations division. The $20 million fund allocated for India expansion will be utilized mainly for marketing, hiring talent, and development of crypto-related products & services for the Indian market.

Coinstore will offer unique copy trading feature to its Indian users, where users can follow trades of other successful traders to make strategic investment moves from trading the future prices of cryptocurrencies. In June this year, Coinstore successfully launched its iOS and Android apps worldwide alongside their web trading platform to great fanfare. With a strong focus on security, Coinstore will soon undergo a rigorous audit by Hacken, a global cybersecurity firm with a focus on blockchain security.

The Coinstore App is now available for download in India on Google Play and Apple Store.

About Coinstore

Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore plans to make digital assets available for everyone. Still, in the early stages, Coinstore welcomes community members and interested influencer partners to collaborate in the up-and-coming stages. A multilingual trading platform established in Singapore, Coinstore's core team is made up of experienced financial professionals and blockchain technical talents who have rich experience in digital finance, blockchain technical development, and network security protection. With our expertise, you can leave security in our hands while you set off on your financial journey. For more information, visit https://www.coinstore.com