Crypto trading, user signups see jump in India on stable bitcoin

2 years, 6 months ago

Crypto trading, user signups see jump in India on stable bitcoin

Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45% thanks to stable bitcoin price and weakness in the rupee. BuyUcoin has seen a spike of 40-45% in BTC-INR trading pair and a 30% jump in new user signups in the second quarter of the financial year 2023. This spike in crypto activity in India has come as a respite for exchanges, who have battling crash in trading volumes due to stiff crypto taxation norms and crypto winter. According to Sidharth Sogani, founder and CEO of CREBACO Global, a research, rating and intelligence company focused on blockchain and cryptocurrencies, crypto trading and user signups may have seen some rise, but it has happened on a low base.

India Markets Market Crypto Indian Trading Inr Btc Stable Bitcoin User Signups Crypto Activity

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