Exchange Aggregator Backed by Sequoia Capital Is Growing Fast

The most recent bear market in 2018 was a different story. Sure, many projects and companies still struggled mightily – some even failing to survive. However, there were numerous others who actually managed to grow and prosper, all while prices collapsed across the board. One such company is CoinSwitch, a cryptocurrency exchange aggregator that was founded back in 2017.

CoinSwitch’s value is based on enabling their users to access more liquidity and better prices in the crypto market by integrating several of the leading exchanges around the world into a single platform. Additionally, CoinSwitch is a high-performance platform, with fast order execution and no trading limits for more than 300+ of the world’s most popular coins and tokens.

That unique value proposition is likely what enticed a $1.5 million investment from the world-renowned VC firm Sequoia Capital, which has contributed significantly to the reported $1 billion that went into blockchain startups in 2017.

But Sequoia Capital isn’t the only one taking interest. A large portion of the growing demographic of cryptocurrency investors has been moving towards CoinSwitch as well. In fact, CoinSwitch’s daily volume has grown to $5-6 million per day in 2019, with roughly 3,200 trades getting executed daily. And it makes a lot of sense when you consider everything CoinSwitch has to offer, which includes:

• Access to 300+ coins and 70,000+ trading pairs

• Best prices on the market from a real-time comparison of 10+ exchanges

• Complete anonymous trades

• Revenue sharing program that enables users to earn on every transaction

• Referral program that gives users the opportunity to earn $5 in BTC for every friend they refer who completes a transaction of over $100

Perhaps even more importantly, CoinSwitch is a non-custodial exchange. That means that traders actually own the funds in their cryptocurrency wallets, rather than trusting a vulnerable third party as they would have to do with centralized exchanges. In addition, being non-custodial means that CoinSwitch doesn’t have nearly the same security risks as other exchanges.

To top things off, CoinSwitch doesn’t charge any additional fees to merchants who use their service to accept cryptocurrency payments, making them a more economical option than mainstream solutions like Stripe and PayPal, who charge 2.9% + $0.30 on every transfer they facilitate.

As a result, CoinSwitch’s list of partners is growing almost as fast as their user base. Exchange partners include global names like Binance, Huobi, KuCoin, IDEX, and HitBTC, while some popular projects such as Komodo and Ardor use CoinSwitch on their websites as an easy way for community members to buy and sell tokens.

Many of the top wallet services have integrated CoinSwitch APIs as well, including Exodus, Trezor, and MetaMask. As an Ethereum web wallet that can be added as a browser extension, MetaMask allows users to easily run Ethereum DApps straight from their browser without running a full node, and CoinSwitch now helps facilitate transactions within that application.

Last but not least, Enjin, a gaming community platform that boasts over 20 million users, partnered with CoinSwitch last April.

All told, the growth achieved by CoinSwitch and other projects in the crypto space since 2017 is a positive indication of what’s to come for the industry as a whole in the years ahead. With more infrastructure improvements occurring every day, it seems inevitable that the market will reach new heights in the next bull run.

About CoinSwitch

CoinSwitch.co is a two-year-old cryptocurrency exchange aggregation service. It enables users to buy over 300 coins by comparing rates across top exchanges like Binance, Huobi, HitBTC, KuCoin, and IDEX without needing to create an account on these exchanges. Additionally, users can send and receive funds to their own wallets without worrying about storing it in a centralized exchange.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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