RATE Group | New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI
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New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI

08 May New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI

Posted at 11:33h in Cryptocurrency News by

New Crypto Exchanges Launch in India as Businesses Seek Answers From RBI

The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI).

New Cryptocurrency Trading Platforms Launching in India

The crypto sector in India is showing significant growth with several crypto exchanges reporting a 10X increase in trading volumes and a substantial increase in new users. Despite the global coronavirus pandemic and the nationwide lockdown, new cryptocurrency trading platforms are launching in India.

Global cryptocurrency exchange aggregator Coinswitch is launching a crypto trading app for Indian users on June 1. Announcing pre-registration for Coinswitch Kuber, Coinswitch explained on Wednesday:

Coinswitch Kuber will ensure the best rates by aggregating liquidity across all Indian exchanges and will support over 100 currencies for Indian…

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