Indian Crypto market is ready to accept the crypto – Crypto exchanges are rushing towards the country
The market of India comprises full of possibility and enriched with the versatile environment for investment. The cryptocurrency market which holds over 228 billion dollar industry till date it was restricted in India. With the numerous scope for crypto industry to innovate and evolve the growing country like India is another perfect place.
Reserve bank of India prohibited any kind of integration of entity with the crypto industry apart from study and research. This bill startled the whole India crypto trading platform and raised the many objections over the bill. Petition after a petition filed and end of result brings the happy news for the crypto industry in India.
Now when the bill cannot bind the industries anymore India stands for the most attractive platform for the crypto investment. Over 1.34 billion population which is near to china provides a fresh platform for the growth of these innovative crypto industries. Since the Supreme Court of India’s Verdict spread all over the news the cryptocurrency markets are rushing to the Indian user to acquire.
The article will be focusing on new projects and resuming projects for Indian Users. Various crypto exchanges those already have taken the initiative to the Indian crypto market will be the main concern. This is here to deliver the informative article to the Indians to understand better offer for them as they are now free from a regulatory cage.
Let’s have a look over the crypto exchanges with multiple offers for the Indian trader in the crypto industry.
Wazrix:
The only crypto exchange platform which sustained in the storm of regulation and partnered with Binance. The partnership leads the exchange to see new heights and gave Indian users the opportunity to continue with the trade. Now the Wazrix speeding up the growth and speeding the wings for the Indian users and acquired the trust of the clients. Not leaving the battle and put an end to it become the wazrix key strategy to gain the trust from all over the world. Soon after the declaration Wazrix opened the live gateway for 80 different crypto assets and can even cash out from USDT to INR.
Wazrix new approach P2P network will facilitate the connection of Wazrix and Binance gateway. Traders can easily transfer from USDT to INR via connecting both of the platforms. The new story of Wazrix reflected that the company has recently partnered with Transak creating massive impact over the company’s growth statistics. Wazirx chief of staff Priyanka Sharma explained: “We’d shared our plans of taking our unique P2P solution to more countries, and integrate into the ecosystem via more wallets, DeFi apps, etc. Wazirx P2P becoming Transak’s key partner for its INR fiat onramp is our first step in the direction.”
Now new IEO WRX from India has introduced to the market which grew 50% of its value after the SC’s decision. This seems the company’s future is bright and no regulation can stop the industry’s growth. The Wazrix CEO will also focus on the regulation procedure of India to help the government to build an error-free act for the future.
Binance:
Binance holds the hand of Wazrix and provides the gateway to use INR when the regulation was strict. Most of the industry had to shut down due to the bank’s rejections. But with the help of Binance, Wazrix stood alone in the field. Now when everything is legal in India Binance individually looking for opening the market for the Indian users. Binance is looking for 3 billion crypto trading market in India and welcoming them happily.
Cashaa:
A UK based non-custodial crypto exchange established in 2019 and now growing all over the country. This crypto platform has come up with exceptional offers for the cryptocurrency which enables free trading for Indian Users from the march 1st, 2020.
Kraken:
The U.S. based Crypto exchange once was fully operational on the Indian market. Due to the ban, the market was affection and the entire operation had to shut down. Now while the ban has already lifted from the crypto market in India Kraken is looking for re-launch of the exchange in the Indian market. Though there was no information about the master plan of the re-launch program, we may expect its grand entry with lots of benefits for India.
Zebpay:
This crypto exchange platform once was a big hit in the Indian market. Now resumes their Indian operation after the two years of probation period. The company is offering one month of free trading in ETH-BTC for Indian users. It also uses the fiat gateway of INR-BTC pair. ZebPay CMO, Vikram, stated: “We have 3 million members in India who have stuck with us during the ban. During this crypto winter enthusiasm for crypto in India had grown tremendously. We’re excited to finally be able to offer a new range of services to them and, we’re confident, millions more.” A whole lot of offerings are waiting at this platform but people have mixed feeling about it.
Coinbreze:
Another crypto exchange platform offers zero trading fee. Recently they have created the new fiat gateway before the announcement of SC hit the ground. It is an open exchange for universal traders for Zero trading fee and maximum benefit you can get from it. Now the company is looking for more feasible offering for the Indian users and focusing to grow in the crypto market. The latest promo says you will get 50 rupee instant for registering to the platform.
Huobi:
This international crypto exchange platform recently announced the latest offer for the Indian users. It also launched the new trading pair in INR. This approach will bring the attention of the Indian user to their platform as the Huobi is already a well-established and reliable platform for crypto trading. Enabling gateway will proliferate the growth in India.
The latest news is that HashCash Consultants will allow $10 million investment in the Indian crypto-industry in 2020. The world’s blockchain service. The parent company of the US-based PayBito crypto bond company, HashCash, has a tradition of participating in multinational local cryptography and blockchain businesses. Apart from the above crypto exchange, many more are stepping inside the crypto market in India. Like unocoin, bitbns, there are several who are willing to jump on the crypto market with several benefits for the Indian users. Now Indian is free to trade and this opportunity can be missed just before the halving is near.
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