- The Indian cryptocurrency market is predicted to develop by 9.83% between 2023 and 2027.
- The highest 5 cryptocurrency exchanges in India primarily based on customers are WazirX, Bitbns, KoinBX, CoinDCX and ZebPay.
- CoinDCX claims to be the cryptocurrency change with the biggest variety of listed tokens in India.
In line with Statista, a web based international financial information portal, India’s cryptocurrency market will develop by 2023. till 2027 ought to develop by 9.83%. Till 2027 the market quantity of this sector would attain 324 million USD. Among the many trade leaders within the Indian cryptocurrency market are the highest 5 cryptocurrency exchanges by variety of customers. These embrace WazirX, Bitbns, KoinBX, CoinDCX and ZebPay.
WazirX
WazirX was created in 2018. and is acknowledged because the quickest rising cryptocurrency change in India. In line with reviews, it boasts of serving greater than 15 million customers. WazirX is offered to a worldwide viewers and permits immediate Fiat deposits and withdrawals. The platform has an choice to “Log in by way of Binance”.
Bitbns
Bitbns was based in 2017. and has grown to turn into one of many prime cryptocurrency exchanges in India. Bitbns has attracted greater than 3 million customers. In line with Bitbns inside sources, it’s the first cryptocurrency change to introduce Bracket Orders. In line with its web site, the cryptocurrency change platform at the moment has greater than 468 tokens. Bitbns additionally has a P2P FIAT deposit and withdrawal mechanism.
Additionally learn on for different cryptocurrency change evaluations
CoinBX
KoinBX is a worldwide cryptocurrency change with a big presence in India. It’s a platform that enables customers to purchase, promote and commerce Bitcoin and different cryptocurrencies. Knowledge from CoinmarketCap reveals that KoinBX hosts 94 cryptocurrency tokens that customers can commerce and change on numerous markets. It additionally has a cell model that enables customers to commerce cryptocurrencies on the go.
CoinDCX
CoinDCX is one other cryptocurrency change that launched in India in 2018. It claims to supply immediate, fee-free transactions in addition to a single entry level for a number of monetary companies. Knowledge from CoinMarketCap reveals that CoinDCX hosts greater than 500 totally different tokens and claims to be the crypto change with essentially the most listed crypto tokens in India. It’s estimated that the variety of customers of the cryptocurrency change exceeds 13 million. CoinDCX is backed by a number of buyers, together with Polychain Capital, Coinbase Ventures, Bain Capital Ventures and HDR Group, the operator of BitMEX.
ZebPay
ZebPay is one other prime cryptocurrency change with a big presence in India. It was based in 2014. and unfold to totally different components of the world. ZebPay has tens of millions of customers in India and might entry the cryptocurrency change by means of a cell app or net interface. OTC companies are additionally out there on ZebPay for big retailers. Knowledge from CoinMarketCap reveals that there are 105 totally different cryptocurrency tokens on the ZebPay platform. ZebPay is utilized by greater than 5 million customers.
