• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Chainlink may surpass bitcoin

    Chainlink may surpass Bitcoin, reports

    Cardano decentralization

    Full Cardano decentralization expected in March

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    LTC price prediction

    LTC Price Prediction: Litecoin price soon to hit the $300 mark

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 1

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Chainlink may surpass bitcoin

    Chainlink may surpass Bitcoin, reports

    Cardano decentralization

    Full Cardano decentralization expected in March

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    LTC price prediction

    LTC Price Prediction: Litecoin price soon to hit the $300 mark

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 2

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

Indian crypto exchanges record massive growth after Bitcoin’s ATH

Ibiam Wayas by Ibiam Wayas
January 20, 2021
in Industry News
2 min read
India’s Unocoin now supports human-readable crypto address
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown:

  • Indian crypto exchanges saw massive growth in users after Bitcoin’s ATH.
  • The exchange said Bitcoin’s ATH was mostly influenced by institutional buys.

Digital currencies are gradually going mainstream in India since the country’s Supreme Court revoked the blanket ban imposed on cryptos by the Reserve Bank of India (RBI). The recent parabolic rise of Bitcoin (BTC) price has caused more attention and interest in the assets, as several Indian crypto exchanges witnessed a massive increase in the number of users since BTC tested a new high at over $40,000.

Bitcoin ATH brought massive growth for Indian crypto exchanges

The Binance-owned Indian crypto exchange, WazirX, and other prominent exchanges saw more than a 100 percent increase in customers after Bitcoin’s ATH, according to a survey report by Bit2Buzz. The Binance-backed exchange recorded about 523 percent increase in trading volume and 180 percent in new users. The oldest Indian crypto exchange, Unocoin, reported a 100 percent increase in users. The Indian unit of London’s crypto-friendly online bank, Cashaa, witnessed as high as 980 percent growth in users.

RelatedPosts

Chainlink may surpass Bitcoin, reports

Grayscale purchases 80 percent of Litecoin mined in February

Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

CoinDCX also revealed that they’d seen a conservative month-to-month growth of 25-30 percent. Other Indian crypto platforms with notable increases include ZebPay (19.5 percent), Bitbns (300 percent), and Pocketbits (25 percent). These companies attributed the growth in Bitcoin’s price to institutional adoption. However, the founder of WazirX, Nischal Shetty, believes that youths are the most interested in holding cryptocurrencies, especially Bitcoin.

“Youth favors BTC over traditional investment, and WazirX has a huge young user base,” Shetty said, adding that they have also seen “a lot of institutional investors, and hedge funds in the US, and large companies like Square entering in crypto.”

Crypto taxation in India

Although the Indian crypto market is only waking to adoption after struggles for years with the RSI ban, the authorities have been considering taxing returns from Bitcoin. Cryptopolitan reported on December 29 that the Indian Central Economic Intelligence Bureau submitted the proposal of an 18 percent tax on Bitcoin. The move was speculated to be another way for the government to generate revenue amid the COVID-19 pandemic.

Tags: crypto Indiaindia
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Chainlink may surpass bitcoin
Industry News

Chainlink may surpass Bitcoin, reports

March 2, 2021
Grayscale
Industry News

Grayscale purchases 80 percent of Litecoin mined in February

March 2, 2021
bitcoin mining
Industry News

Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

March 2, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Is Ethereum stronger than Bitcoin 3

Is Ethereum stronger than Bitcoin

March 3, 2021
How can one increase their bitcoin capital 4

How can one increase their bitcoin capital

March 3, 2021
Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

March 3, 2021
NFT

NFTs are changing the world of art and it is just getting started

March 2, 2021
Bitcoin price

Bitcoin price could rally up to $50,000

March 2, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 5

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.