India Leads the World in Crypto Usage, Says Coinbase
Share:
Coinbase says India is the world’s top market for digital asset usage and has relaunched exchange services there after meeting local regulatory standards, indicating significant crypto adoption at the exchange level. However, new Indian crypto tax rules have pushed traders from spot to futures markets and the sector remains in a regulatory grey zone, which may strain spot liquidity even as overall exchange activity and adoption grow.
Predictions Markets
See what traders are focused on
- Coinbase calls India the top crypto market in terms of digital asset usage.
- The crypto exchange relaunched its services in India, meeting regulatory standards.
- The crypto tax regulation in India has pushed traders from spot to futures markets.
Coinbase, one of the leading crypto exchanges, has highlighted India’s significant role in the digital asset space. According to the crypto exchange, no other country is using cryptocurrency more than India.
This underscores the importance of cryptocurrencies in the country despite regulatory uncertainty. Although crypto demand and adoption grow in India, the government has yet to consider crypto as a legal tender. Digital assets continue to remain in the regulatory grey zone.
Coinbase Bets on India, Calls It the Top Crypto Market
In an X post, crypto exchange Coinbase acknowledged the growing demand for cryptocurren…
Read The Full Article India Leads the World in Crypto Usage, Says Coinbase On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
India Panel Proposes SRO-Led Crypto Watchdog Weeks After RBI Warning
