CoinSwitch Parent Company Reports More Than Double Net Loss in FY25

Imagine a company that helps people trade digital coins, like a special kind of stock market.

For the past year, this company, called CoinSwitch, and its parent company, Chain Labs, lost a lot more money than the year before.

Even though more people used their service and they made more money from trading, their costs went up even faster.

This was partly because they spent a lot more on things like advertising and also had to account for money they might need to help customers affected by a hack on another crypto service called WazirX.

They are trying to get money back from WazirX for these issues, and a court has ordered WazirX to provide some money to CoinSwitch.

The company also has other businesses, like one for investing in regular stocks.