RATE Group | Global Investors back in India’s cryptocurrency segment
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Global Investors back in India’s cryptocurrency segment

24 Mar Global Investors back in India’s cryptocurrency segment

Posted at 13:33h in Cryptocurrency News by

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Caspian, Tagomi set crypto trading standards partnership

Investors are back in the ailing Indian cryptocurrency market after the Supreme Court lifted a banking ban earlier this month. It marks a sharp reversal in the sick segment, which witnessed weak investors sentiment after the Reserve Bank of India imposed a banking ban on the crypto-exchanges operating in the country two years ago on April 8, 2018.

With SC clarifying the legality of cryptocurrencies now, venture capital investors are once again looking for potential start-ups in the space. At least two Crypto trading platforms have raised funds in the last two weeks despite a lockdown situation in the country following Covid19 out-break.

CoinDCX, a leading cryptocurrency trading platform, and liquidity aggregator, on March 24, announced a $3 million in Series A funding from a clutch of investors led by Polychain Capital, Bain Capital Ventures, and HDR Group. The operator of BitMEX has also participated in the round. CoinDCX, a…

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