Announcing on Monday, CoinSwitch Kuber provided all the details of this plan. This plan requires users to choose a fixed monthly amount so that certain units of an asset can be bought gradually over 12 months. With the monthly amount accumulated, users can get an opportunity to buy that asset at a good average price.
Ashish Singhal, Founder and CEO of CoinSwitch Kuber, told Gadgets 360: “Crypto is more prone to volatility than traditional assets. Systematic Buy plans allow users to buy crypto systematically and make regular distributed purchases. Will give an opportunity to experience compounding power.”
Interested customers can register to get early access to the new feature. The company has said that this feature will first be released for Android users, and later it will be released for iOS users.
Apart from this, let us tell you that during the Union Budget presented a few days ago, the Indian Finance Minister has announced a 30 percent tax on income from cryptocurrencies.
However, industry experts have welcomed the decision with a majority, saying the taxation decision has indirectly legalized the crypto space in India.<!–
–>
,