Even though the government's stance on the acceptance of cryptocurrencies is unclear till now, people from India are investing in cryptocurrencies. The market got a hit when some rumors about the cryptocurrency ban in India surfaced on the net. But soon the market recovered from the effect of this hit.
Since all the crypto-related activities are happening smoothly for now we thought to prepare a list of the 5 best cryptocurrency Exchanges in India. So this article will introduce you to all the 5 crypto exchanges which are doing great in India and we will also provide some key details about them.
With a daily trading volume (24 hours) of $34 billion, Binance is the most popular cryptocurrency exchange in India and all over the world. Binance was founded in 2017 by Changpeng Zhao and is registered in the Cayman Islands. Changpeng Zhao is a developer who first created high-frequency trading software. The total number of coins listed on Binance is 405 and it also supports around 46 Fiat currencies. Binance Exchange also features the Binance token (BNB) and new development in Binance smart chain technology is widening its reach.
Coinbase Global, Inc. is commonly known as Coinbase. The company operates as a cryptocurrency exchange platform since 2012. It is an American company that follows remote-first working and doesn’t have a headquarters. Coinbase features around$7 a Billion of daily trading and it is currently the 2nd best cryptocurrency in the world. It has 126 cryptocurrencies and it supports some popular fiat currencies as well, i.e. USD, EUR, and GBP.
With a daily trading volume of around $4 billion, FTX ranks third on our list. The platform has 258 cryptocurrencies and 10 fiat currencies. It was founded in 2017 and is a Bahamian-based cryptocurrency exchange platform that allows users to trade cryptocurrencies. FTX is incorporated in Antigua and Barbuda and is headquartered in the Bahamas. As of July 2021, the company has over one million users.
Kraken accounts for around $2 Billion daily trading volume. The platform supports 98cryptocurrencies and 7 fiat currencies. Kraken is a US-based cryptocurrency exchange and bank. It was founded in 2011 and the exchange platform offers trading activity between cryptocurrency and fiat currencies. The company behindKraken is Payward, Inc.
Founded in 2013, Huobi Global is an exchange founded and managed by Huobi Group. Huobi Group is a world-leading company in the digital economy industry. The exchange platform accounts for around $ 4 billion in crypto trading in a day. There are 354cryptocurrencies listed on the Huobi exchange and it also supports around 50 fiat currencies.
Above we have listed the 5 Best Cryptocurrency Exchanges in India, but there is one cryptocurrency that will soon conquer this list - Coin Gabbar.
Coin Gabbar is the first cryptocurrency marketplace in India. The platform is currently tracking around 12500 cryptocurrencies. It will soon allow users to sell, buy, trade, and exchange cryptocurrencies. It will become the biggest crypto portal as well with its knowledge base and blog posts. Interested people can bookmark this portal and stay connected with the progress and development of Coin Gabbar.
www.coingabbar.com assists investors in taking the right investment decisions. The motto is: Research Select Invest