Which is India's leading cryptocurrency exchange?
India's leading cryptocurrency exchange is currently Bitbns, which holds a significant market share of 79.1% as of 2023. It has surpassed other exchanges like WazirX, CoinDCX, and ZebPay in terms of market dominance, owing to its robust trading volume growth in a challenging macro environment.
Which crypto exchange is banned in India?
India has banned multiple crypto exchanges in recent times due to regulatory issues and non-compliance with local laws. Some of the prominent crypto exchanges that faced bans in India include Binance, KuCoin, and several others. These bans were imposed by the Indian authorities to protect investors and ensure compliance with anti-money laundering and other financial regulations in the country.
Is WazirX banned in India?
WazirX, an Indian cryptocurrency exchange, has faced several challenges in recent years. There were reports of a hack in July 2024, resulting in a loss of over $235 million. Additionally, WazirX has been involved in a legal dispute with Binance, a leading global cryptocurrency exchange, over ownership and control. Furthermore, the exchange has faced regulatory issues in India, including allegations of money laundering and a freeze on its bank assets by the Enforcement Directorate (ED). These incidents have raised questions about the status and future of WazirX in India.
Is Binance back in India?
I heard that Binance, the cryptocurrency exchange, had some issues and left India a while ago. Now I'm wondering if there's any news about them coming back to India. Is Binance back in the Indian market?
Is Binance coming back to India today?
There are rumors that Binance, a popular cryptocurrency exchange, might be making a comeback to India. This speculation is fueled by recent reports indicating that Binance has taken steps towards compliance with Indian regulations, specifically by registering with the Financial Intelligence Unit in India (FIU-IND). This move suggests that Binance is serious about operating within the country's legal framework and could potentially pave the way for its return to the Indian market.