RATE Group | Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Incre…
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Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Incre…

03 Apr Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Incre…

Posted at 14:03h in Cryptocurrency News by

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Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Increase

India is currently under a nationwide lockdown due to the coronavirus outbreak. News.Bitcoin.com talked to executives of local cryptocurrency exchanges to find out the impact of the lockdown on cryptocurrency trading. They revealed that more people are actually trading cryptocurrencies on their platforms since the lockdown began.

Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed

More People Trading Cryptos Since the Lockdown

The Indian crypto community has been rebuilding ever since the supreme court lifted the RBI ban. Then, in response to the covid-19 pandemic, Prime Minister Narendra Modi announced on March 25 a 21-day nationwide lockdown — the period which ends on April 14.

Nischal Shetty, CEO of local crypto exchange Wazirx, shared with news.Bitcoin.com about the impact of the lockdown on cryptocurrency trading on his platform. He said, “we’ve seen a spike in the number of people trading on…

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