Crypto exchange Kraken announces to expand its presence in India following the Supreme Court’s historic ruling.

Crypto exchange giant Kraken has announced to expand its presence in the recently revived Indian crypto market. The exchange has a history of providing services to Indian citizens prior to the RBI's controversial banking ban.

Global crypto exchange giant Kraken has announced its recommitment ti Indian markets following the Supreme Court’s historic ruling in favor of the crypto community. The exchange has reaffirmed its commitment to India. Since the Supreme of India overturned the RBI’s banking ban on crypto, several exchanges have resumed their services in the country. 

 

Kraken promises new features and offerings to the Indian market.

According to a blog post, crypto exchange Kraken is excited to recommit resources to grow its services in the region through new features and offerings. The exchange claimed that they have long served the Indian market with a full suite of exchange products, including spot, derivatives, and futures. Kraken believes that with its youthful and tech-savvy population, they are excited to help again Indian customers re-enter the crypto market. Earlier, the global blockchain company HashCash Consultants announced to invest $10 million in the Indian crypto market. 

 

Indian crypto market revives after a 19-month break.

The Reserve Bank of India issued a circular back in April 2018, prohibiting all banks in the country to stop providing services to crypto businesses. The Indian crypto fought the ban in the Supreme Court and came out victorious. However, the current ruling conservative party of India is planning to introduce a bill in the lower parliament of the country that seeks to criminalize the use of cryptocurrencies in the country. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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