CoinSwitch launches recurring buy plan for crypto assets

New Delhi: Crypto platform CoinSwitch has launched a recurring buy plan to make investments in digital assets simpler, systematic and disciplined. The new facility will enable users to beat market volatility and avoid making impulsive buying or selling decisions, said CoinSwitch, one of India’s largest crypto platforms.

The plan will allow users to keep aside a fixed amount of money to buy crypto assets every month over a long period of time. This will help them focus on the long-term strategy rather than timing the market.

The upper limit for buy orders on the platform is capped at Rs 2.5 lakh per order. Users can buy single or multiple cryptos through the plan which is quite similar to making an SIP in crypto assets where investors put in a fixed amount in a scheme at regular intervals, usually every month.

"We want to help users across their crypto journey. Crypto is an emerging but attractive asset class and has a higher degree of volatility in comparison to traditional assets," said Ashish Singhal, Founder and CEO, CoinSwitch.