What it Does: Coinswitch specializes in providing cryptocurrency exchange services that enable its members to sell, swap, and buy various cryptocurrencies on the platform. It also provides services such as payment deposits, bitcoin trading, withdrawal accounts, and so on.
Mission: Coinswitch's mission is to challenge the norms and make cryptocurrency investment accessible to everyone so they can make their money work for them.
Size and Presence: Coinswitch has 600 employees in its single location, which is also its headquarters. They cater primarily to the Asian market.
Best Known For: Coinswitch is best-known for providing its users with a top-notch and hitch-free trading experience. Their easy-to-use interface makes them a favourite among Indian crypto enthusiasts.
The Good Bits: Positive work atmosphere. Numerous employment benefits. Good work-life balance. Great remuneration.
The Not So Good Bits: High work stress due to a high volume of tasks.
Coinswitch Kuber was established in 2017 by a group of 3 individuals: Ashish Singhal, Vimal Sagar, and Govind Soni. Ashish Singhal became the CEO, Vimal Sagar became the COO, and Govind Soni became the CTO of the company. In 2017, Coinswitch started with more than 11 million verified users.
The three founders were previously employees at Amazon, Zynga, and Microsoft, respectively. The prospect of turning a brainchild of theirs into a money-making venture was too tempting. This triggered their resignation from their respective companies and led to the birth of Coinswitch Kuber.
The co-founders discovered while trading crypto that the price had slight variations across exchanges. They realized that choosing the right platform is key to making good returns from the crypto market. This prompted them to develop a crypto exchange aggregator that provides information on the best market prices and exchanges for specific cryptos to be traded.
In 2021, Coinswitch made headlines as the second crypto company in India to become a member of the unicorn club.
Presently, Coinswitch is the largest cryptocurrency platform in India, with several million users and many employees. Coinswitch also has the backing of some of the world's top investors, notably Sequoia Capital, a16z, and Tiger Global.
Coinswitch is an employee-centric organization, that says a lot about how they treat its staff. The work atmosphere is very friendly and supportive. This can offer a rewarding experience for interns and fresh graduates. Coinswitch has sound policies, and their HR actively engages staff members in extra-curricular activities.
It's the kind of work environment where a fresher can grow and learn on the job. The company's role as a problem-solver makes the job challenging and sometimes overwhelming. Thankfully, their supportive work atmosphere and "work & play" attitude keep them productive and prevent burnout.
The kind of working atmosphere Coinswitch says a lot about the career prospects for freshers in the company. Regardless of one's position, everyone has a chance to grow and progress in their career. This is the ideal place for fresh graduates to begin their careers. Moreover, it's a young company with bright prospects; there's no telling the heights freshers can reach in their career.
Their hiring process is straightforward. The first stage is the submission of applications. The next stage is reviewing applications and selecting qualified candidates for an interview. Upon successfully completing the interview process, candidates will be offered the job.
The average annual salary for fresh graduates at Coinswitch starts from 3.5 Lakhs and above depending on the candidate's profile.
In April 2022, Coinswitch Kuber disabled its payment options, preventing millions of users from depositing money on the platform.