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Why the world’s biggest crypto exchanges are making a big bet on India

Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX.

Why the world’s biggest crypto exchanges are making a big bet on India

Cover art/illustration via CryptoSlate

Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX.

The world’s biggest crypto exchanges by daily volume have started to actively invest in India’s crypto market after the reversal of the Reserve Bank of India (RBI)’s prohibition on cryptocurrency trading.

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