- The Indian cryptocurrency market is predicted to develop by 9.83% from 2023 to 2027.
- India’s high 5 user-based crypto exchanges embrace WazirX, Bitbns, KoinBX, CoinDCX, and ZebPay.
- CoinDCX claims to be the crypto trade with probably the most tokens listed in India.
In keeping with Statista, the net world financial information portal, the Indian cryptocurrency market is predicted to develop by 9.83% from 2023 to 2027. This could translate to a market quantity of $324 million for the cryptocurrency sector. by 2027. business are the highest 5 crypto exchanges based mostly on the variety of customers. They embrace WazirX, Bitbns, KoinBX, CoinDCX, and ZebPay.
WazirX
WazirX was established in 2018 and is taken into account the quickest rising crypto trade in India. It boasts of serving greater than 15 million customers, in accordance with studies. WazirX is offered to world audiences and permits instantaneous fiat deposits and withdrawals. The platform has a “Login by way of Binance” possibility.
bitbns
Bitbns was based in 2017 and has turn out to be certainly one of India’s main crypto exchanges. Bitbns has attracted over 3 million customers. In keeping with inside Bitbns sources, that is the primary crypto trade to introduce Bracket Orders. Greater than 468 tokens are at the moment listed on the crypto trade platform, in accordance with information from its web site. Bitbns additionally has a FIAT P2P deposit and withdrawal mechanism.
Additionally, learn right here for different crypto trade evaluations
KoinBX
KoinBX is a world cryptocurrency trade with a major presence in India. It’s a platform that permits customers to purchase, promote, and commerce Bitcoins and different cryptocurrencies. Information from CoinmarketCap reveals that KoinBX accommodates 94 crypto tokens that customers can commerce and commerce on completely different markets. It additionally has a cellular model that permits customers to commerce cryptocurrencies on the go.
CoinDCX
CoinDCX is one other crypto trade that began in India in 2018. It claims to supply instantaneous fee-free transactions, in addition to a single entry level for a number of monetary providers. Information from CoinMarketCap reveals that CoinDCX accommodates over 500 completely different tokens and claims to be the crypto trade with probably the most variety of crypto tokens listed in India. The crypto trade has an estimated consumer base of over 13 million. CoinDCX is backed by a number of traders, together with Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX.
ZebPay
ZebPay is one other high crypto trade with a major presence in India. It was created in 2014 and has unfold to completely different elements of the world. Indian ZebPay customers quantity within the thousands and thousands and might entry the crypto trade by the cellular app or internet interface. OTC providers are additionally obtainable on ZebPay for prime quantity retailers. Information from CoinMarketCap reveals that 105 completely different crypto tokens are listed on the ZebPay platform. There are over 5 million customers on ZebPay.
