Indian crypto exchange platform CoinSwitch Kuber has expands the assets it supports, adding five new offerings for investors. The five new crypto assets list on the Indian crypto exchange are Decentraland (MANA), Gala (GALA), Request (REQ), Coti (COTI), and The Sandbox (SAND).
Out of the newly introduce cryptocurrencies, MANA, GALA, and SAND are crypto tokens born out of online games that are now also entering into the 3D iteration of the Internet, also known as the metaverse.
CoinSwitch Kuber, the exchange that launch in 2020, now offers a total of over 80 crypto assets on its platform including Bitcoin, Ether, and Dogecoin among many others.
With the addition of these five new assets, the exchange has also extends its education initiatives like the Kuberverse that aims to keep investors informed.
CoinSwitch Kuber Founder and CEO Ashish Singhal Said :
MANA, an ERC-20 token used to pay for NFTs, exclusive names, avatars, wearables in the Decentraland metaverse has grown by 540% since September.
Each of the MANA token is currently trading at $3.25 (approx. Rs. 245) as per CoinMarketCap.
Game-based crypto tokens SAND and GALA have also grown in recent times, trading at $5 (approx. Rs. 383) and $0.4397 (approx. Rs. 33).
REQ and COTI are niche crypto assets, use in secure payment scenarios.
At a time India is mulling over ways to regulate the crypto space, India is housing the largest number of crypto investors in the world.
Many studies from research firms like Watcher Guru, and BrokerChoose have reveale that India has around 100 million crypto investors.
Right now, India’s crypto bill has not reach the Indian parliament during its winter session.
The government is reportedly studying the crypto regulatory measures being consider by other nations.
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