Marwadi Financial Services launches crypto research desk

economictimes.indiatimes.com:

Marwadi Financial Services has launched Crypto Connect, a dedicated research desk, designed to apprise Indians on virtual digital assets. Through its new product launch, the Mumbai-based brokerage will provide a platform where individuals will have easy access to information and research on cryptos. Keeping knowledge at the focus, the brokerage has clarified that it will not give any recommendations for buying or selling particular crypto and the concerned platform will focus on research and in-depth information only.

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Marwadi Financial Services said, «Crypto Connect will act as a guide and educate investors about the new age asset class amid the rising crypto transaction and recently announced 30 per cent taxations on crypto gains.» It is no wonder that crypto is gaining traction as digital assets are easy to trade and promise exponential growth in a short timeframe, said Keval Bhanushali, CEO, Marwadi Financial Services. «Indians are looking to supplement existing returns from stocks and mutual funds, and we want to ensure they make the right choices while keeping the necessary fail-safes in place. Crypto reach is high in the country and we wish to educate the people,» he added. Aimed to rule out human discretion and bias, the new product will work on quant-based models, are data-driven, and made as per pre-defined rules. Crypto is a disruptive technology, so it is only necessary that the larger population is made aware of the benefits and the risks associated with it, the brokerage said. Manit Ankhad, Head of Crypto Research & Vice President, Marwadi Financial Services said, “Crypto Connect is