India has got 2nd Crypto Unicon Exchange
This year 2021 has been going great for the crypto community and we have seen a lot happening this year despite having covid pandemic around us. India has also witnessed significant growth in terms of crypto adoption and new user onboarding across the country. But that's not all because India has also got the second crypto unicorn exchange in the country this week. The first crypto unicorn exchange was con DCX and now coin switch Kuber has become the second one in the list and this is something that is making the Indian crypto community proud.
This is a very big news and achievement for the country because this time when there is no regulation for Crypto but things are growing at a fast pace and it is a good sign that in coming years India can turn out to be one of the leaders in Crypto space. We expect mass adoption in crypto and it will happen for sure if things will keep on growing this way. We know that cryptocurrency is a revolution and as soon as we adopt it then it will benefit our economy and will open bunch of opportunities for the country and people to work upon and get the most out of it.
India’s largest cryptocurrency exchange, CoinSwitch Kuber, has achieved unicorn status in a funding round led by Andreessen Horowitz and Coinbase Ventures, underscoring investor interest in a market that’s faced with regulatory uncertainty.
Interesting thing is that Coinbase Ventures have invested in the exchange and it proves that Coinbase is trying to increase its global presence directly and indirectly and the Indian market is bigger so they don't want to miss it. Even other exchanges like Binance, Bittrex is available for Indian users, and its expected that many other global exchanges will join the race however Indian exchanges are also doing pretty well.
There are thousands of companies in India that are doing good and have significant cash flow but they are yet to get unicorn status as they still have a long way to go but in crypto, space companies are going so last and achieving such big milestones quite faster. This will surely enable many entrepreneurs to think about crypto and start something here but no regulation can also be one of the hurdles that possible many investors and entrepreneurs are waiting for.
Its always great to see this kind of growth in the country and I look forward to having exchanges like this so that with the increasing demand and userbase more innovation can be brought in place. As a user, I will always expect the best of service in the industry and this will happen only if exchanges have enough resources and highly advanced and secure infrastructure. It will be interesting to what will be the third name in this list there are many grown exchanges but they are yet to achieve this milestone.
Thank you so much.
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