How India Sees Crypto: Large Exchange Shows 10x Growth In User Base
Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CoinDesk reported, with a month-over-month increase of 44%. They had an important surge of 2,648% in users who registered to the platform from some of India’s largest cities, Mumbai, Delhi, Kolkata, Chennai, Bengaluru, and Hyderabad (Tier II and Tier III), where crypto trading already had....
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Mumbai-based WazirX crypto exchange's latest data shows a 2,648% growth till date in user signups from smaller cities across India. India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to 100,000 citizens. The Mumbai-based exchange reported:“Tier-II and tier-III cities have driven almost 55% of....
China is steady with Bitcoin. For those who have been following up, you will agree that so much has been happening around India too of late. It is however pertinent at this early point to look at a perspective that points in the direction of how these additional developments in India would impact other parts of the world - particularly Africa. Bitcoin Rise in India. The recent Unocoin funding round led by early-stage investor Blume Ventures, for example, is one of them. It has been trumpeted as a complement to other positive Bitcoin-related developments in India such as Zebpay’s recent....
The crypto bear market has had different effects on exchanges across the space. While some have seen themselves go underwater during this time, others continue to thrive due to their established user base. One of those has been Crypto.com, a crypto exchange that saw remarkable growth back in 2021. Now, the exchange is taking its […]
Awareness for Bitcoin has been steadily increasing in India, as online e-commerce merchants and small businesses have begun to understand the benefits of bitcoin as an international currency and as billion dollar tech giants such as Microsoft, IBM and VISA have begun to sponsor Bitcoin- and blockchain-related conferences, hackathons and meetups throughout the country. India has an Internet user base of about 243.2 million people and the country's e-commerce industry is worth $12.6 billion USD. India has the potential to become one of the largest Bitcoin markets in the world, given the....