coinswitch: ETtech Explainer: Will Coinswitch click in India’s online broking space?
Cryptocurrency exchange Coinswitch is weighing an entry into online stockbroking in India. The Bengaluru-based exchange, which counts Tiger Global and Andreessen Horowitz among its investors, is planning to apply for a stockbroker’s licence with the Securities and Exchange Board of India. Coinswitch is also in deliberations with non-banking financial companies (NBFCs) and banks on offering fixed deposits, sources told ET. ETtech tries to answer some of the questions around Coinswitch’s potential entry into the crowded…