Bengaluru: CoinSwitch Kuber, India’s leading cryptocurrency investment platform with over 3.5 million users, today announced a partnership with Disney+ Hotstar. CoinSwitch Kuber will be the associate sponsor on Disney+ Hotstar for the upcoming T20 season. The category exclusive partnership will offer the company widespread visibility amongst cricket fans, millions of whom are young, tech-savvy Indians who are expected to watch the matches online this season. The company will also debut a new ad campaign on Disney+ Hotstar as a part of the partnership. CoinSwitch Kuber’s logo is also being placed across all the promotional activities initiated by Disney+ Hotstar across print and digital mediums.
Cryptocurrencies have found tremendous resonance as an investment option among Indians, especially those between 18 to 35 years of age. The massive rally that Bitcoin prices have seen over the last few months, followed by growing institutional investment in the asset class steered by the likes of Elon Musk’s Tesla, MicroStrategy and Square has led to increased awareness as well as confidence in the category among retail investors worldwide. Cryptocurrencies are already witnessing monthly trading volumes upwards of approx. USD 4 billion in India.
With this collaboration, CoinSwitch Kuber aims to create awareness among millions of cricket fans across the country about cryptocurrencies as an asset class they should consider while making investments. The company already has over 3.5 million users in India and is targeting to cross 10 million users by the end of 2021. It crossed USD 4.2 billion in transaction volume in February 2021. The company provides the best rates to its users by aggregating liquidity from top Indian and global crypto exchanges and supports 100s of cryptocurrencies for users to buy and sell using Indian rupees.
Ashish Singhal, CEO, and Co-founder, CoinSwitch Kuber, said, “With the massive momentum in the crypto markets, we feel it is time to seize the opportunity and go big. The upcoming T20 series on Disney+ Hotstar is the ultimate medium for us to initiate a conversation around cryptocurrencies as it perfectly captures our TG – young, upward, and mobile Indians who are technology savvy. Through this partnership, we hope to make them aware about cryptocurrencies as a rewarding investment option and CoinSwitch as their platform of choice for investing in crypto.”