The sleeping giant,

 As we all know India is a fascinating country filled with extreme talents and young energy. Moreover India is home to biggest democracy, fastest expanding major economy, largest English speaking community in the world and more significantly a country that can lead the next Technological revolution.

History of Indian crypto market

Indian crypto market has witnessed a lot of ups and downs but eventually it is in the way to prosperity. In April 2018 Indian crypto market was banned by supreme court of India. Actually, at this point Indian crypto market was experiencing some great expansions but everything seemed end there by the arrival of supreme court decision. 

What we saw then is the rise of a cryptocurrency exchange in India called Wazirx. They came up with worlds best P2P ( Peer to Peer) technology which managed to fight against supreme court decisions  but it was not enough to ignite the sleeping crypto market. After two year of political and law wars the supreme court lift the ban on 4th March 2020. On this day we all saw that the market went green for couple of days but which couldn't last due to COVID 19.

As we all know that the biggest cryptocurrency exchange in India is CoinDCX established in 2018 and has partnered with global exchanges including OKEx, Binance, and Huobi.The exchange recently announced a $1.3 million venture to increase awareness and adoption of cryptocurrencies in India. CoinDCX also provides Leverage Trading with wide range of pairs, So after a dip we can see more and more people taking advantage of it. 

Another well known and second biggest digital currency exchange in India is Wazirx owned by the Crypto giant Binance which was one of the significant acquisition in the crypto community. This has also opened the door for WRX ( Wazirx native token ) to got listed on Binance Exchange. Both Binance & Wazirx tougher announced 50 Million for the developments of Blockchain Technologies in India. 

Despite small volume on CoinDCX and Wazirx now they grow at faster rate than ever. Now all the major exchanges are in Indian soil directly or indirectly and trying to secure a decent percentage of mighty Indian trade volume. 

Some of the significant details on growing Indiancrypto market !

“India has 1.3 billion population out of which only 5 million are in crypto, which equates to 0.4%. Even with 0.4% of the people in crypto, Indian crypto market has a good volume of daily crypto trading. CoinDCX is witnessing daily volume of $10–15 million, which shows that there is huge potential for growth.”

Indian companies are also in developments of new Blockchain based projects and there is a lot to come. MATIC Network is just an example. The wast diversity and huge population of India offer multiple opportunities for companies to come up with various projects which will lead India in the technological revolution as I said in the beginning of this article. Indian government is also planning to change many things to Blockchain Technology which gives confidence to new comers as well as foreign investors. The following are the big names in emerging Indian crypto industry, many of these companies are funded by forigen companies as it is difficult for them to create somthing directly in India.

In conclusion, India has a lot of people that's their power, if we can seen at lest 10% of them in crypto market, I would say that's like heaven for all of us. Moreover India is very open country not like China so everyone has equal oppertunity to access India.

Don't forget to share your thoughts on Indian crypto market in the comment section, I will appreciate that.

Thanks.