Amidst the confusing cryptocurrency regulatory landscape of India, the leading cryptocurrency exchange of the country s planning to go global. CoinDCX is among the top cryptocurrency exchanges in India, along with CoinswitchKuber, WazirX, and others. All of these crypto exchanges have seen considerable success over the past few years, successfully attaining unicorn status and drawing in millions of users. However, no Indian cryptocurrency exchange has gone global until now, and CoinDCX might be the first firm to do so.
CoinDCX, along with other crypto exchanges in the country, had received instructions from the Indian prime minister to not aggressively market their products. The cryptocurrency landscape in India is still uncertain, with the much-awaited Cryptocurrency Bill still waiting to be discussed in the parliament. The government of India is expected to finalize cryptocurrency regulations in the country by the end of 2021. Despite the uncertainty, crypto exchanges have continued to function after an initial round of fear and confusion. CoinDCX planning to expand operations also hints at the fact that cryptocurrency exchanges are highly unlikely to be banned in India.
According to some reports, the government of India will ban cryptocurrency payments but will continue allowing investors to buy and sell cryptocurrencies. CoinDCX, Coinswitch Kuber, and Wazir X have tapped into the potential of the country with their easy-to-use smartphone apps that let anyone invest from anywhere. They have also teamed up with secure payment gateways to earn customers’ trust. If CoinDCX manages to expand business overseas, it will be a defining moment for the Indian cryptocurrency landscape.