Recap: January 2022

Good day Coinsbit Tigers,

The new year has begun with a bang for Coinsbit India, and we are thrilled to update you with everything that has happened, is happening and everything that is about to.

There is a lot of anticipation in our community and expectations, which we constantly strive to fulfil.

Last month, the sweating efforts of our tech, marketing, IVR, creative and support team will see the light with the launch of our official Coinsbit.in the mobile application which will soon be available on all devices. To level the game ahead, we have completed our integration with banking systems and now support INR deposits from all major banks in India, making crypto easier.

Our team is working on a loop to develop a newly enhanced and redesigned UI/UX Coinsbit India website, which will go live soon. We have simultaneously begun working on a new social media layout to bring you an enhanced experience.

Our platform is in a unique position, and the tokens being listed with Coinsbit.in are multiplying. We have listed a total of 8 tokens in January:

JEToken (JETS)

Jai Ho

Saitama

TT

SFL

Shakita Inu (SHAK)

Ulord (UT)

Fabwelt (WELT)

We have also conducted an AMA (Ask me anything) for Saitama trades and coin performance with our CEO Ravneet Kaur and Manpreet (Mkay), CFO of Saitama. We received an overwhelming response and fun public interactions, pushing us to conduct more interesting AMAs soon.

Given the surge in crypto holdings and government regulations, we play our part in enhancing your trading experience. Our CEO Ravneet Kaur and Advisor Prashant Surana were panellists and interviewed at the Coins Market Cap about India Regulations panel.

We are growing with each passing day, and so is our community. Our social media traffic has increased by 50% in the last week of January, with a user interaction increase of 30.1% on Twitter alone and a social media impressions of 62.6% on Instagram. We reached more of you this month, with the stats showing an increase of 137% more in user accounts reach than last year. We also commenced our weekly newsletters last month to keep you updated with everything that has happened in the crypto space and anything you would’ve missed.

What’s coming up:

We are always excited, even when there is a market dip or going to the moon because the opportunities the cryptocurrencies and blockchain offer do not stop here. Neither do we on our roadmap of what’s next. The key products to look out for in the coming months are:

Staking Pools

Continued Community Support

Launch of Crypto Academy

Staking: As India has begun to look at staking as an alternative investment option and a passive mode of income, Coinsbit India is soon to bring in this product available for top coins on our platform. It is a growing concept, and we plan to be one of the exchanges in India to offer this product with 8–10 staking pools. It will include staking options for some of the top cryptocurrencies such as BTC, ETH, USDT etc.

Community support: Moving ahead, we continue to live up to our promise of being ‘The people’s exchange’ and growing together with each one of you, bit by bit. Having said that, our tech team works endless nights for you to continue experiencing and expecting low transaction fees, safety, security and 24-hour support.

The Crypto Academy: Our plan is to uphold the speed and keep you hooked on the crypto world. Soon, you will be able to indulge in a learning experience loaded with crypto and blockchain knowledge there is to offer with the launch of ‘Crypto Academy’ powered by Coinsbit India. It will provide you with one kind — earn while you learn options and multilingual language support and teaching.

Conclusion: We have all been waiting patiently for the government to develop a legal framework for many potential investors to start their crypto journey. The Indian government designating crypto as taxable assets and a 30% tax on profits has put an end to all the queries upon their legitimacy. This lays on us the responsibility to comply with the economy’s requirements and our community. Hence, Coinsbit India acknowledges the support we have received from you and assures flexibility in your best interest.

About Coinsbit India

Coinsbit India is a joint venture between Cryptic Coinsbit India and Prof-it Limited, intending to bring the best crypto assets exchange platform to India. With its headquarters in Estonia, the popular cryptocurrency exchange platform has a reported user base of 5 million users and a monthly transaction volume of around $50 billion-plus USD. Coinsbit.io was named the best 2018 crypto exchange at Asian Blockchain Life, 2019. Their strengths include well-timed order execution, local market insight, and multi-tier crypto asset security management, bringing a full suite of services.

Important Reminder: We advise all users to enable two-factor authentication for their Coinsbit India accounts for maximum security.

Disclaimer: Crypto assets are volatile, and investments in them are risky. We advise you to do thorough research before investing.