RATE Group | Indian Crypto Trading Volumes Accelerate on Positive Sentiments
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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

28 Oct Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Posted at 10:19h in Cryptocurrency News by

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.

Also read: Mistakes Crypto Owners and Traders Should Avoid

Strong Trading Volume Growth

Banking services may be restricted and the government may be considering a bill to ban cryptocurrencies, but Indians continue to buy and sell cryptocurrencies. Trading volumes on some exchanges in the country have been rising significantly.

Paxful has reported steady growth in BTC trading in INR on its peer-to-peer (P2P) bitcoin marketplace. For the week ending Oct. 26, 85 BTC were traded, a 13% increase from the 75 BTC traded the previous week. In comparison, only 7 BTC were traded in the week ending Oct. 27 last year on the platform. Competing P2P marketplace Localbitcoins reported 146 BTC traded in the week…

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