An Indian cryptocurrency exchange called CoinSwitch has introduced new investment products that are not related to cryptocurrency in order to keep the business going in the wake of new taxes imposed by the government.
These taxes resulted in a decrease in trading volume and a drop in income from trading fees.
The new investment products offered include fixed deposits, exchange-traded funds, mutual funds, stocks, bonds, and US equities.
The goal is to become a one-stop destination for wealth management for all Indians.
The company’s CEO said that the company’s objective is to make investing easy for Indians and to help them build wealth.
