Crypto currency firms bet on global markets

Crypro currency exchanges are trying options including crypto-to-crypto transactions, peer-to-peer transactions and entry into foreign markets to survive the uncertain phase. 

Crypto currency exchanges such as WazirX and CoinDCX are betting on global markets after Koinex shut down operations last week citing an unclear regulatory framework for such exchanges in India. 

Crypro currency exchanges are trying options including crypto-to-crypto transactions, peer-to-peer transactions and entry into foreign markets to survive the uncertain phase, industry experts say, although these come with challenges ranging from low margins, low user growth, lack of funding for  .. 

Nischal Shetty, founder of WazirX, however told ET that India’s crypto currency-banking ban has stagnated growth for such exchanges overall and the right set of regulations could drastically drive up the user base and transaction levels. 

Crypto currency firms bet on global markets Crypto currency firms bet on global markets Reviewed by asus on July 08, 2019 Rating: 5
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