BENGALURU: Cryptocurrency startups in India have been gaining ground with the Supreme Court lifting the Reserve Bank of India (RBI)’s controversial ban on cryptocurrency trade in the country.
Additionally, some startups have also been benefitting from the market volatility in the wake of covid-19 outbreak. “RBI lifting the ban of cryptocurrency trading in India has fuelled new energy in the market.
The volatility in the market due to covid-19 is also encouraging more people to trade in the exchanges," said Ashish Singhal, chief executive officer, CoinSwitch.
Sequoia Capital-backed CoinSwitch is a virtual currency exchange aggregator, present in more than 160 countries with about 400,000 active users per month. “About 10% of our user base