Unlock Crypto Wealth with Carret’s All-in-One Platform
Carret, a Bengaluru-based crypto trading platform founded in 2021 by Neha Kumari and Shuja Hussain, is transforming how investors engage with cryptocurrency. Accessible via https://www.carret.in/ and its mobile app on iOS and Android, Carret offers a seamless experience for trading Bitcoin, Dogecoin, Ethereum, and stablecoins. Its flagship product, 24Carret, functions like a high-yield savings account, delivering up to 17% APY on crypto holdings. This makes it an attractive option for both retail and institutional investors seeking passive income through staking and yield farming. The platform’s user-friendly interface simplifies the KYC process, requiring only a PAN card and selfie, enabling users to start trading or depositing funds within minutes.
Carret stands out with its low-fee trading model, charging a fixed 0.1% fee per transaction, significantly lower than many competitors. This cost efficiency, combined with high interest rates, empowers users to maximize returns. The Carret app enhances accessibility, allowing users to manage portfolios, track investments, and withdraw earnings effortlessly. For institutional clients, Carret provides structured investment portfolios and risk-managed strategies, catering to family offices, HNIs, and UHNIs. The platform’s OTC trading desk, launched in 2022, facilitates high-volume INR-Crypto and Crypto-INR trades with automated execution and RFQ (Request for Quote) functionality, reducing friction and enhancing transparency through historical data visualization.
Security and compliance are cornerstones of Carret’s operations. Recognized as a Virtual Asset Service Provider (VASP) under India’s Financial Intelligence Unit (FIU), Carret adheres to strict KYC and AML norms, fostering user trust. Despite India’s uncertain regulatory landscape and historical banking reluctance toward crypto, Carret has forged partnerships with over 14 banks, ensuring smooth deposits and withdrawals. The platform’s team of 15, backed by investors like Polygon co-founder Sandeep Nailwal and Amesten Capital, is focused on scaling to $1 billion in transaction volume and expanding into the MENA region and Southeast Asia.
Carret’s 24Carret product simplifies crypto investment for beginners by eliminating the complexities of DeFi or yield farming. Users can stake assets like MATIC, Bitcoin, or USDC to earn competitive returns—up to 8% for Bitcoin, 9% for Ethereum, and 17% for USDC. The platform spreads assets across institutional borrowers and DeFi protocols to minimize risk while maximizing yields. Carret’s revenue model includes a fixed fee on trades and a percentage of managed assets’ APY, ensuring alignment with user interests. Future plans include introducing crypto reward cards and asset-backed loans, enhancing its ecosystem.
Carret’s commitment to diversity and leadership is evident in Neha Kumari’s recognition as an “ET Inspiring Women Leaders 2024” awardee. Operating in a male-dominated industry, Kumari emphasizes technical expertise over gender, encouraging women to pursue crypto entrepreneurship. With a growing user base of over 50 institutional clients across India, UAE, and Hong Kong, and a focus on retail investors aged 23–39, Carret is poised to redefine crypto wealth creation. By blending technology and human expertise, Carret empowers users to navigate the crypto-verse confidently, making it a trusted platform for long-term wealth compounding.
Comments
Post a Comment