As the mainstream continues to fixate on the bitcoin prices’ soaring gains in markets around the world, the cryptocurrency is also catching the eye of young traders in India.
Bitcoin’s all-time high prices in May left major Indian bitcoin exchanges reeling under the stress of having to accommodate a flurry of new adopters of the cryptocurrency. Coinsecure cited an “exponential growth” of bitcoin users as the exchange, launched in 2013, stopped processing withdrawals amid a backlog of transactions in May. App-only based bitcoin exchange Zebpay enforced temporary ‘buy limits’ last week due to a combination of factors where a shortage of bitcoin supply was unable to meet the soaring demand.
Read more here: https://www.cryptocoinsnews.com/bitcoin-attracts-young-traders-india/
Hello indian my family.
After the eastern asian countries like China and Korea went all in in cryptocurrencies, I think India is going to be the new driving force of the market.