{"id":62498,"date":"2022-06-06T12:38:46","date_gmt":"2022-06-06T09:38:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62498"},"modified":"2025-09-05T18:27:36","modified_gmt":"2025-09-05T15:27:36","slug":"coinswitch-kuber-launches-indias-first-rupee-denominated-crypto-index","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinswitch-kuber-launches-indias-first-rupee-denominated-crypto-index\/","title":{"rendered":"CoinSwitch Kuber launches India&#8217;s first rupee-denominated crypto index"},"content":{"rendered":"<p>India&#8217;s crypto exchange CoinSwitch Kuber announced the launch of a rupee-denominated index tracking the performance of digital assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">All about CRE8: one-of-its-kind rupee-denominated <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> Index by <a href=\"https:\/\/twitter.com\/hashtag\/CoinSwitch?src=hash&#038;ref_src=twsrc%5Etfw\">#CoinSwitch<\/a>!<\/p>\n<p>Find the CRE8 Index here: <a href=\"https:\/\/t.co\/pRux4j4zdb\">https:\/\/t.co\/pRux4j4zdb<\/a> <a href=\"https:\/\/t.co\/zhofpdN5HY\">pic.twitter.com\/zhofpdN5HY<\/a><\/p>\n<p>\u2014 CoinSwitch Kuber: India\u2019s Largest Crypto App \ud83d\ude80 (@CoinSwitchKuber) <a href=\"https:\/\/twitter.com\/CoinSwitchKuber\/status\/1532660146748305408?ref_src=twsrc%5Etfw\">June 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Crypto Rupee Index (CRE8) is based on the price movements of eight cryptocurrencies \u2014 BTC, ETH, BNB, XRP, ADA, SOL, DOT, and DOGE. They account for 85% of the market capitalization of the rupee-denominated crypto market.<\/p>\n<p>The index is updated on a minute-by-minute basis, 24\/7. CRE8 is built from real trades executed in the CoinSwitch app. According to the exchange&#8217;s data, it is used by 18 million users.<\/p>\n<p>Rebalancing takes place on the 25th of every month, with the components reviewed quarterly.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cCRE8 gives users a simple and clear assessment of the Indian market,\u201d<\/em> \u2014 <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/cryptocurrency\/coinswitch-launches-indias-first-crypto-rupee-index-cre8\/articleshow\/91965826.cms\">said<\/a> Ashish Singhal, CEO of CoinSwitch Kuber.<\/p>\n<\/blockquote>\n<p>In October 2021, CoinSwitch Kuber <a href=\"https:\/\/forklog.news\/bitkoin-birzha-coinswitch-kuber-privlekla-260-mln-ot-a16z-i-coinbase-ventures\/\">attracted $260 million<\/a> in a Series C funding round and reached a $1.91 billion valuation.<\/p>\n<p>Earlier the exchange <a href=\"https:\/\/forklog.news\/krupnejshie-bitkoin-birzhi-indii-otklyuchili-depozity-cherez-upi\/\">disabled<\/a> the rupee deposits feature via the <span data-descr=\"United Payments Interface\" class=\"old_tooltip\">UPI<\/span> payment system due to regulatory uncertainty. <\/p>\n<p>Over the past years, Indian authorities&#8217; statements on crypto legislation have ranged from a full ban on digital currencies\u2014including potential criminal liability\u2014to possible regulation as assets.<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s crypto exchange CoinSwitch Kuber announced the launch of a rupee-denominated index tracking the performance of digital assets.<\/p>\n","protected":false},"author":1,"featured_media":62499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1616,278],"class_list":["post-62498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-index","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62498"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62498\/revisions"}],"predecessor-version":[{"id":62500,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62498\/revisions\/62500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62499"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}