According to Odaily Planet Daily, PeepalCo, the owner of Indian cryptocurrency exchange CoinSwitch, announced on Tuesday that it will launch stock trading application Lemonn, which will initially provide stock trading and expand to products such as mutual funds and derivatives over time. CoinSwitch and Lemonn will operate as independent businesses. Founded in 2017 and backed by Andreessen Horowitz and Tiger Global, CoinSwitch reorganized its operations in December, creating PeepalCo as a holding company to oversee the cryptocurrency platform as well as other new initiatives such as wealth management apps.