India's prominent cryptocurrency exchange, CoinSwitch, has announced achieving Adjusted EBITDA profitability for Fiscal Year 2026, driven by a remarkable 150% surge in revenue to ₹324.19 crore.
₹324.19 crore
FY26 Revenue
FY25 Revenue: ₹129.67 crore→₹324.19 crore
⏳ Time Machine
How today’s news fits into the bigger picture
2018
RBI Imposes Crypto Ban
The Reserve Bank of India (RBI) issued a circular prohibiting regulated financial entities from dealing with virtual currencies, effectively shutting down crypto trading operations in India and forcing many businesses to halt.
March 2020
Supreme Court Overturns Ban
The Supreme Court of India quashed the RBI's crypto ban, ruling it unconstitutional. This landmark decision provided a lifeline to the Indian crypto industry, allowing exchanges to resume operations.
April 2022
30% Crypto Tax Imposed
India implemented a flat 30% tax on income from virtual digital assets and a 1% Tax Deducted at Source (TDS) on crypto transactions, significantly impacting trading volumes and investor sentiment.
2024
Global Crypto Winter & Scrutiny
The global cryptocurrency market experienced a 'crypto winter' characterized by falling asset prices and increased regulatory scrutiny worldwide. This period forced many platforms to prioritize sustainability and compliance.
Today
CoinSwitch announced Adjusted EBITDA profitability for Fiscal Year 2026, with a 150% revenue surge.
What happens next?
CoinSwitch is expected to continue its focus on user growth, product diversification, and compliance, while the broader Indian crypto regulatory landscape remains a key watchpoint.
CoinSwitch, a major Indian cryptocurrency exchange, has achieved Adjusted EBITDA profitability in Fiscal Year 2026. The company reported a substantial 150% increase in its revenue, reaching **₹324.19 crore**. This milestone is significant for the crypto sector in India, which has navigated complex regulatory environments and market fluctuations. The positive financial performance indicates a maturing business model, with the company's Adjusted EBITDA margin reaching **27%**. This achievement reflects CoinSwitch's focus on user growth, product diversification, and adherence to evolving regulations.
💭 If you're wondering…
Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) profitability means the company is generating positive earnings from its core operations before accounting for non-operating expenses, non-cash charges, and certain one-time adjustments. It's often used by startups to show operational efficiency.
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