Share this article
CrossTower Launches Trading Platform in India: Report
Thirty-five people have been hired to operate the new unit in India, with plans to increase headcount to 100 in the coming months.
Updated May 11, 2023, 4:14 p.m. Published Sep 10, 2021, 7:33 p.m.
Digital currency exchange CrossTower has launched a trading platform in India, seemingly shrugging off any ongoing regulatory uncertainties there.
- CrossTower has hired 35 people to operate its new unit in India and plans to increase headcount to 100 in the next six to nine months, Reuters reported Tuesday.
- The move comes despite ongoing regulatory uncertainty about the future of cryptocurrency in India. The government was planning to present a bill in the current session of parliament that could have seen an outright ban on crypto in the country.
- This, however, has yet to occur, and the government’s plans for crypto remain uncertain.
- CrossTower co-founder and CEO Kapil Rathi has said the company is taking “a calculated risk” in entering India.
- Crypto remains popular in the country, with India recently ranking second in Chainalysis’s Global Crypto Adoption Index for 2021.
- Major crypto exchanges have been plotting expansion into India in recent months, with Kraken, Bitfinex and KuCoin all reportedly seeking information about the market and potential entry points.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more: India May Have Quietly Shown Its Hand on Crypto Regulation
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether
The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.
What to know:
- BitMine Immersion Technology (BMNR) acquired 102,259 ether last week, valued at around $320 million, increasing its holdings to nearly 4 million tokens.
- The company currently has about $3 billion in unrealized losses on its ETH investments.
- Chairman Thomas Lee expressed optimism about the future of crypto, citing positive legislation and Wall Street support as reasons for continued accumulation.
Top Stories
