Global crypto asset management platform Kassio has announced the launch of its services and products in India.
The company offers investment solutions such as earn, borrow, shop, and trade allowing users to ‘extract value from their crypto holdings beyond just trading’.
“We are an all-season crypto solution — starting from trading to managing digital assets in all market conditions,” said Bharat Vivek, co-founder and chief operating officer of Kassio.
“Our earn product allows users to earn compounding growth on their assets even in the current market crash while our borrow product allows users to create liquidity without losing their price positions.”
The company will also offer crypto-backed loans and an interest earnings of upto 13% annual percentage yield (APY) on crypto-based fixed deposits.
Users can shop with their crypto by using their Kassio card. Kassio aims to combine crypto finance and crypto utility into a single app.
Lastly, the company offers a multi-fiat wallet so that users can fund their wallets with the rupee, euro, or danish krone based on their country of residence.
Sachin Singh, co-founder and chief executive officer, Kassio said, “With our vision to be the pioneers in managing the complete bouquet of crypto financial solutions with crypto as an asset class, we are creating a safe & legally compliant platform.”
Kassio was founded in 2020, and since its beta version went live in April the company has received over 30,000 applications on its platform.
Read Also: Crypto Tax Compliance Platform CoinTracker Launches in India