CoinSwitch Kuber, an Indian cryptocurrency exchange platform, has added five new cryptocurrencies to its lineup.
The assets included on the platform are Decentraland (MANA), The Sandbox (SAND), Gala (GALA), Request (REQ), and Coti (COTI). This asset listing process has been accompanied by various education initiatives initiated by the crypto unicorn.
MANA, GALA, and SAND are crypto tokens that have originated from online games that are now making their way into the third dimension of the Internet, or the metaverse. Its platform includes a total of 80 crypto assets, including Bitcoin, Ethereum, and Dogecoin, among others.
CoinSwitch Kuber Founder and CEO Ashish Singhal told Gadgets 360, “In our continued efforts to make money equal for all, we have just added five new assets after thorough scrutiny.
As crypto adoption grows in India, one of our education initiatives, Kuberverse, helps Crypto enthusiasts make informed investment decisions. Before investing, investors should do their own research from verified sources.”
In the Decentraland metaverse, MANA tokens can be used to purchase NFTs, exclusive names, avatars, wearables. MANA token prices are currently around $ 3.25 (roughly Rs. 245), according to CoinMarketCap.
Additionally, game-based crypto tokens SAND and GALA have also grown recently, trading at $5 (roughly Rs. 383) and $0.4397 (approximately Rs. 33), respectively.
REQ and COTI, on the other hand, are crypto assets used for secure payment scenarios. The country houses the world’s largest number of crypto investors at a time when India is considering ways to regulate the crypto space. There are about 100 million crypto investors in India, according to several studies by research firms like Watcher Guru and BrokerChoose.
According to reports, India is reportedly studying other nations’ crypto regulatory measures before introducing the bill. India’s crypto bill is not expected to reach the Indian parliament during its winter session.
