Compartilhe este artigo
Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise
The crypto-friendly banking firm raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.
Por Daniel Palmer
Make us preferred on GoogleCashaa, a financial firm describing itself as a "crypto-friendly neo-bank," has just raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
- Announced Wednesday, the London, U.K.-based firm said it will soon launch in India and possibly add the rupee to its list of supported currencies alongside the U.S. dollar, the euro and pounds sterling.
- It also offers services for bitcoin, ether, the stablecoin tether and its own Cashaa coin, with more digital assets like XRP and litecoin eyed for addition going forward.
- "India has tremendous potential in its fintech sector. We believe that the next big evolution in the banking and crypto space can actually happen from India," said Kumar Gaurav, Cashaa CEO and founder.
- Also in the cards is a move into the African and Caribbean markets, the firm said.
- The new investment will, in part, go toward covering the losses from a hack of its Delhi-based over-the-counter (OTC) operation in July of this year.
- The hack saw $3 million stolen, the firm said, adding that users who lost bitcoin in the breach have already been reimbursed from Cashaa's own funds.
- Cashaa's general operations were not affected by the attack, which affected only "personal systems," per the announcement.
- The company previously raised $33 million through a token sale in 2017.
- Cashaa provides banking services to cryptocurrency firms, and says it now has over 100 companies using its beta service.
Also read: Binance Taps DeFi Excitement to ‘Fuel’ Expansion Strategy in India
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Higit pang Para sa Iyo
R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
Ano ang dapat malaman:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
Top Stories
