Crypto360

India Expands Digital Rupee Pilot with New Features


The Reserve Bank of India (RBI) has announced plans to expand the scope of its digital rupee (CBDC) pilot in its 2024-25 annual report. The expansion will introduce new features such as programmability and offline payments for both retail and wholesale versions.

These enhancements aim to improve the applicability of the digital rupee in areas with limited network connectivity and tailor payment solutions for specific scenarios like government subsidies or corporate spending controls. Currently, the retail pilot involves 17 banks and 600,000 users, with the RBI allowing certain non-bank entities to offer CBDC wallets to further increase adoption. The wholesale pilot has also seen increased participation, with four additional primary dealers joining.

During the same period, India's digital payment transactions grew by 34.8% in volume and 17.9% in value.
The Unified Payments Interface (UPI) has positioned India as a leader in the global real-time payments sector, handling 48.5% of the world's real-time payment transactions.
The RBI has also introduced innovative features like 'delegated payments' to broaden the reach of digital payments across various social strata.

This is Ross Ulbricht, once the biggest $BTC holder in the world.

He had 144,000 $BTC worth $15B, but one mistake took it all away.

After 12 years in prison, he’s now selling personal items just to make ends meet.

Here's one of the wildest stories in crypto history 👇🧵
Have you heard about the notorious Bitcoin darknet market Silk Road?
It wasn’t just another illegal website - it was a bold step toward redefining how the world thinks about money and freedom.
The man behind it all was Ross Ulbricht, a Penn State graduate with a passion for libertarian ideals and programming.
Back in 2011, he saw Bitcoin’s potential to challenge government control over trade and finance.

CoinW writes the hybrid playbook for the Web3 Era

Over the past year, have begun a quiet but important shift. Instead of staying within closed platforms, leading CEXs are increasingly exploring on-chain innovation, combining the efficiency of centralized systems with the transparency of .

This shift reflects deeper changes in user behavior and market expectations in the post-FTX era. With growing demand for decentralization and tighter global regulations, exchanges face a dual challenge: staying competitive while building trust. In response, a new class of platforms—often dubbed “Next-Gen CEXs”—is emerging. These exchanges are no longer limited to trading services; they are building infrastructure, launching protocols, and supporting entire on-chain ecosystems.

The rise of Next-Gen CEXs marks a broader industry transition. As user expectations evolve, exchanges are being pushed to deliver both performance and trust. As the boundaries between centralized and decentralized platforms are becoming increasingly blurred, market dynamics force CEXs to redefine their roles beyond mere trading venues.

Why CEXs Are Going On-Chain

The push toward on-chain products is not just about innovation. It is also a direct response to the evolving landscape that centralized exchanges (CEXs) must navigate.

Regulatory pressure is increasing globally. In many countries and regions, CEXs are facing stricter KYC/AML requirements and greater demands for transparency. This leads many exchanges to reconsider their traditional off-chain models, which have relied on more opaque operations.

As regulatory expectations evolve, CEXs are exploring on-chain solutions as a potential way to meet compliance standards. These solutions also offer opportunities to unlock new growth.

At the same time, user expectations are evolving. Both retail and institutional investors seek greater control over their assets and demand enhanced transparency and ownership—features inherent to decentralized systems.

CEXs, as key players within the blockchain ecosystem, increasingly recognize the need to meet these demands. They also understand the importance of embracing their role in fostering the transition to a more decentralized world.

Technologically mature solutions such as roll-up, zero-knowledge proof and account abstraction have enhanced scalability and reduced costs. With their larger resources and broader user base, CEXs are well-positioned to integrate innovations which promote the development of on-chain products to meet user expectations without compromising performance.

Still, the shift toward on-chain infrastructure brings real challenges. For CEXs, lowering the entry barrier for Web2-native users remains key. This is especially important when it comes to UX design and onboarding flows.

Security is another priority, as new custody models introduce unfamiliar risks, while fragmented liquidity and ecosystem silos over complicate cross-chain integration.

Building Beyond the Exchange

As centralized exchanges adapt to a shifting industry landscape, some are going beyond product rollouts to explore deeper roles in the on-chain ecosystem. CoinW is one such example.

Its approach combines technical innovation with user education and ecosystem integration. This positions it not only as a trading platform, but also as an active contributor to the decentralized future.

DeriW: Bringing Efficient Performance to On-Chain Derivatives
As the demand for decentralized derivatives trading continues to grow, many existing platforms face trade-offs between speed, cost, and decentralization. Users are often forced to choose between performance and control. DeriW enters this landscape with a bold ambition: to deliver a truly seamless, self-custodial trading experience without compromising on efficiency or scalability.

DeriW is an independent on-chain initiative designed to redefine the derivatives trading experience. Currently in public testnet, DeriW is a decentralized perpetuals platform built as a Layer 3 chain on Orbit, which was developed by CoinW team. By leveraging custom infrastructure, it delivers high-speed performance with negligible gas fees. Its throughput exceeds 80,000 TPS, offering a seamless, high-performance on-chain trading experience within a fully decentralized architecture.

DeriW introduces a Pendulum AMM that adjusts liquidity dynamically based on open positions. This helps to reduce slippage and improve capital efficiency. It also supports up to 100x leverage on major pairs (leverage is subject to jurisdictional availability), alongside a self-custodial design. Such features strike a balance between user control and accessibility.

Rather than replicating existing models, DeriW represents a hybrid direction—building for performance while retaining decentralization principles. It highlights how exchanges like CoinW can channel their operational know-how into the next generation of decentralized trading infrastructure.

PropW: Lowering Barriers, Raising Competence
For aspiring traders looking to grow without risking their own capital,PropW offers a powerful launchpad. PropW is an initiative dedicated to advancing trader education, risk-free training, and capital empowerment—key pillars for helping users transition from Web2 to Web3. Developed by CoinW teams, it helps address a key challenge facing many centralized exchanges: onboarding new users unfamiliar with crypto. It also equips them with the tools and confidence needed to become active participants in decentralized markets.

At its core, PropW provides a simulated trading environment. Users can practice strategies and sharpen their skills without the pressure of real capital at stake.

For those ready to take the next step, the platform offers performance-based funding. Up to $200,000 in trading capital is accessible for experienced users. This enables them to gain real-market experience in a structured, merit-driven format.

Such a model combines education, opportunity and incentive. With such features as multi-level trading challenges, profit-sharing and full entry-fee refunds for successful participants, PropW lowers the entry barrier. It also reinforces a culture of disciplined trading.

As an integral part of the CoinW ecosystem, PropW is committed to creating a supportive and growth-oriented trading environment for traders worldwide—empowering them to achieve both financial success and personal breakthroughs.

Pioneering the Future of CEXs
In a shifting crypto landscape, CoinW isn’t just keeping pace; it’s setting the direction. By fusing efficiency with innovation, it’s redefining what an exchange can be.

CoinW is not just a trading hub, but a builder of the next-generation .

This commitment to shaping the future of was also on full display at Dubai, where CoinW served as platinum sponsor. CoinW stood out with Center and their other global partners across the entire spectrum.

Throughout the event, showcased its regional engagement in the and its broader global strategy-highlighting compliance, security, and ecosystem collaboration. As , decentralization, and user demand converge, is building the for the next era of centralized exchanges - one that is continuing to build in accordance with evolving standards.

Disclaimer

DeriW is an independent initiative and operates separately from any regulated CoinW exchange entity. It is a non-custodial and non-regulated platform, and users access DeriW entirely at their own risk.By using DeriW, users acknowledge full responsibility for their trading decisions and asset security. As with all decentralized and self-custodial platforms, users are solely responsible for their trading decisions and asset security. Participation involves inherent risks that should be carefully evaluated.

CoinW, a leading centralized exchange with more than 10 million users, has upheld a zero-incident security record since its founding in 2017.
This track record is no accident. It reflects a sustained commitment to security-first thinking: over $15 million in infrastructure investment, continuous technological innovation, and a forward-looking regulatory strategy.

At Token 2049 Dubai, hosted a high-level security forum, bringing together industry experts to discuss today’s top threat vectors — from AI-generated deepfakes to social engineering and the shift from simple code audits to comprehensive security engineering. At the heart of the conversation was CoinW’s layered defense strategy, built not just to respond to attacks, but to redefine how exchanges approach security at scale.

The New Threat Landscape:
Faster, Smarter, Harder to Detect
Cyber threats aren’t new — but their speed and intelligence are. In 2025, security teams face AI-driven phishing, deep fake impersonation, and ransomware attacks that adapt in real-time. The very tools built to protect systems are now being used to break them.

What’s worse:
Regulation can’t keep up. leaders must navigate fragmented jurisdictions, comply with inconsistent global frameworks, and still protect user assets against 24/7 attack surfaces.And often, the weakest link is human.
Weak passwords, compromised emails, and careless account recovery flows continue to let attackers in through the front door.

“Phishing and social engineering remain the top threats we face today,” said Michael Liu, Chief Security Consultant at CoinW, during . “We collaborate with partners to take malicious websites offline swiftly — prevention begins with speed.”

CoinW’s Security Philosophy:
A Five-Layer Approach

Liu’s team developed a five-point philosophy to govern CoinW’s security operations, which they prescribe to others through appearances at such events as Token 2049:

1.Take preventive rather than reactive measures:
Adopting such proactive activities as File Integrity Monitoring (FIM) and multi-party computation (MPC) wallet technology ultimately reduces the additional cost in money, time and reputation of responding to intrusions rather than preventing them.
2.Adopt multi-layered architecture: By segregating layers, CoinW implements security measures at each tier, which enhances the overall security posture of the entire platform.
3.Embed wallet security at the technical level: Cold-hot wallet separation, multi-signature authorization and the integration of Know Your Transaction/Know Your Address (KYT/KYA) risk mitigation methods combine to identify potentially fraudulent activities.
4.Protect operations around the clock and with immediate effect: Monitoring risks 24/7 and detecting anomalies in real time are essential to an exchange’s security.
5.Compliance as a Cornerstone: Uphold rigorous and standards and build proactive monitoring systems to safeguard user identities and transaction integrity — reinforcing a secure, transparent trading environment.
“We actively engage with and monitor the evolving regulatory landscape in the cryptocurrency industry across various regions and countries worldwide, ” said Michael Liu “Our efforts are focused on building a robust and secure platform that prioritizes user safety while navigating the complexities of global regulations.”

Leading by Example:

Setting New Standards for Crypto Security
CoinW’s commitment to security extends beyond its own platform. With over $15 million invested into infrastructure — including MPC wallet systems and real-time risk detection — the exchange has built a robust foundation for trust. In partnership with wallet provider HyperBC and third-party auditor CertiK, CoinW has facilitated more than $1.3 billion in secure transactions, embedding external validation into every layer of its system.

But CoinW isn’t just responding to threats, it’s helping shape how the industry addresses them. Through cross-sector collaboration, investment in shared infrastructure, and thought leadership at events like TOKEN2049, CoinW is actively contributing to the future regulatory and technical standards of crypto security.
In a time of escalating threats, CoinW continues to lead by example — proving that security is not just a feature, but a foundation for the next generation of digital finance.

Monthly Market Insights - May 2025

The cryptocurrency market cap rose by 10.8% in April, marking a strong rebound from the previous month—likely supported by the 90-day pause on tariffs. While the temporary suspension (excluding key trade partners such as Canada, Mexico, and China) offered some relief, investor sentiment remains cautious over the long-term implications. Global trade and business confidence continue to lag, reflecting ongoing macroeconomic uncertainty and persistent trade tensions.

's dominance has surged to a four-year high of 63%. Amid tight financial conditions and geopolitical uncertainties, Bitcoin's appeal as a hedge against risks could sustain its outperformance over riskier crypto assets. Driven in part by its "digital gold" narrative and adoption as a reserve asset, institutional interest in Bitcoin is evident, with its attracting significantly more inflows than Ethereum's.

In April, G4 (U.S., Japan, China, and Europe) M2 is projected to exceed a record US$93T, reflecting ongoing global liquidity expansion driven by central bank policies and fiscal stimulus. G4 M2 growth has historically shown a strong positive correlation with Bitcoin’s market cap (currently a 0.79 rolling coefficient). This liquidity backdrop likely continues to support through increased risk appetite and demand for inflation hedges.

Since December 2024, Centralized Finance ( ) companies have accounted for an average of 41.42% of all funds raised each month, a sharp increase from 6.07% between April and November 2024, which coincided with a favorable regulatory shift following President Trump's election.

The application layer now captures over 70% of total on-chain fees, while protocol (blockchain) fees have declined to just 28.8%. issuers dominate with 47.2% of fees in April, followed by decentralized exchange (DEX) and liquid staking. The shift highlights how value is increasingly accruing at the user-facing layer. Still, without stablecoins, the application layer’s share drops to just 24.0%, pointing to a trend driven by specific use cases.

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