Assertion certainty 4/5 debate potential 3/5

Singhal: FTX became global number two crypto exchange through innovation

Ashish Singhal · The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch · Nov 8, 2021 · at 27:34

Ashish Singhal, founder of CoinSwitch, argues in late 2021 that new crypto exchanges can reach top positions through innovation, citing FTX.

0:00 / 0:07exact quote · 7.6s
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“Still FTX became the number two player in the world you know because of their innovation, because of what they brought to the table.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Ashish Singhal

Prediction Didn’t hold up
Singhal: CoinSwitch aims to reach 100 million users in four years
“The goal of CoinSwitch is to reach hundred million users in the next four years, right? Which is a very audacious goal in a fintech ecosystem, but we believe that through the right investment we can make that happen, right?”
Ashish Singhal Nov 8, 2021 ▶ 30:31 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
Prediction Not checkable as stated
Singhal: Tomorrow's Google, Facebook, and Microsoft will originate on blockchain
“Tomorrow's Google, Facebook, Microsoft, we believe would originate on blockchain, right? And hopefully would come from India, right?”
Ashish Singhal Nov 8, 2021 ▶ 25:23 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
Assertion Contradicted
Singhal: CoinSwitch recorded over $10 million in profit by 2020
“In 20, 20, we almost had over ten million dollars in profit recorded”
Ashish Singhal Nov 8, 2021 ▶ 10:32 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
Assertion Not checkable as stated
Singhal: CoinSwitch reached 13 million users within 17 months of India launch
“Within the first six months, got to over one and a half million users organically, then grew today about thirteen million users in just 17 months.”
Ashish Singhal Nov 8, 2021 ▶ 11:23 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
Assertion Supported
Singhal: Under 10M Indians participated in crypto when Kuber scaled
“What we saw in the market was less than ten million users were part of the crypto economy in India.”
Ashish Singhal Nov 8, 2021 ▶ 13:23 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
Assertion Not checkable as stated
Tiger Global issued CoinSwitch a signed term sheet within one day
“Tiger kind of approached us. It went like a breeze within a day we had the signed term sheet, everything ready, and I think the round closed by March, April”
Ashish Singhal Nov 8, 2021 ▶ 15:31 The rise of crypto with 1.5 cr+ Indian investors ft. Ashish Singhal, Founder, Coinswitch
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