Wednesday, September 29

India’s Largest Crypto $2 Billion In Trading Volumes

India’s top cryptocurrency exchange almost doubled its trading volume in February. India’s Largest Crypto $2 Billion In Trading Volumes. This is coming out as a bit of a shocker after the rumors govt imposing ban on cryptocurrency.

Nischal Shetty, founder of WazirX, the largest crypto exchange in India, stated the company hit $2.3 Billion in trading volumes on 21 Feb. However, volume on 20 December was $500 million, and $1.4 Billion on January 21. 

Meanwhile, the future of crypto trading is a matter of question in India. India’s Largest Crypto $2 Billion In Trading Volumes. The government is planning on the ban of private cryptocurrency in the country. And lay a foundation of “digital currency” in the market. Experts suspect that the bill proposed by the government will make it illegal to buy, sell, and trade-in Bitcoin.

Although, in recent times, the craze for crypto grew due to Tesla’s investment. Billionaire Elon Musk invested $1.5 Billion in Bitcoin and also hinted at accepting crypto as a mode of payment.

“Crypto is a global phenomenon. India’s Largest Crypto $2 Billion In Trading Volumes. The moment a Tesla spends $1.5 billion, your wealth in India has increased. However, most of your investments are very local, but in crypto, anyone anywhere in the world can affect your wealth. People in India have been joining based on all of this positive news that’s been coming,” Shetty had told Mint.

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