RATE Group | Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown
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Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown

06 May Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown

Posted at 08:36h in Cryptocurrency News by

Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown

India’s cryptocurrency sector is booming during the extended nationwide lockdown. Several Indian cryptocurrency exchange executives have shared with news.Bitcoin.com their record-breaking stats, bullish trends, and positive sentiment despite the coronavirus-driven lockdown.

Growing Interest in Cryptocurrency in India as Lockdown Extends

India recently extended its nationwide lockdown by another fortnight due to the coronavirus outbreak. While lockdowns have crippled many economies worldwide, the Indian crypto sector is seeing significant growth in interest, trading volumes as well as the number of new users, according to several crypto exchange executives.

“I’m seeing more people wanting to spend their time under lockdown in learning and understanding what crypto is, how it works, what are the use cases of various crypto tokens etc.,” Nischal Shetty, CEO of cryptocurrency exchange Wazirx, shared with news.Bitcoin.com on Monday. “People in India are more upbeat about…

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