This week we look at how Digital Asset Exchanges work and try and understand what has been the uptake of crypto in India. And to shed more light on this we caught up with Ashish Singhal, Founder and CEO of Coinswitch Kuber, one of India’s largest Digital Asset Exchanges. We discussed on:
- His entry into the world of Crypto
- Types of Digital Asset Exchanges
- Business Models
- The story behind Coinswitch Kuber
- Uptake of Crypto in India
- The road ahead for Crypto in India
Do listen to this episode to understand digital asset exchanges
Notes
We recorded this episode a few weeks back just as the craze around the SQUID token was taking off. Shortly after recording, the token crashed to almost zero, further underscoring the speculative nature of some digital assets.
Also, after we recorded this episode, the Government of India indicated that it would table a bill in the Indian parliament, reportedly banning crypto assets. We caught up with Ashish and here is what he had to say on the topic –
“India has an opportunity to be at the forefront of crypto innovation by adopting a regulation that enables innovation while protecting customers. Our discussions over the last few weeks indicate there is broad agreement on ensuring customers are protected, financial system stability is reinforced, and India is able to take advantage of the crypto technology revolution. For now, Crypto investors in India should wait for a government statement on this matter and not rely on secondary sources of information”
Ashish Singhal, Founder and CEO, Coinswitch; and Co-chair of IAMAI’s Blockchain and Crypto Assets Council (BACC)
Timeline
00:00 Start
00:44 Introduction
01:20 The story behind the name
02:46 From clothes to crypto
03:57 Types of Digital Asset Exchanges
06:07 Business model
06:26 Security
09:04 How are tokens added to exchanges
09:35 The Coinswitch story
12:50 Challenges in scaling
14:29 Wishlist for Digital Asset Exchanges
16:33 Getting in touch with CoinSwitch