Hey ninja’s, how’s the trading going? On the day, the majority of the top cryptocurrencies are reporting little gains as Bitcoin increases above $9K. At press time the largest cryptocurrency bitcoin is reporting gains of 1% and is trading at $9,157.
Delta crypto exchange announced that it will be receiving new funding from its Blockchain investor CoinFund for expansion into India. The announcement was made after the Reserve Bank of India’s ban on the crypto-related firm was lifted. It was stated in the announcement that New York-based blockchain firm CoinFund is looking forward to its expansion into India.
In an interview, the managing director of CoinFund explained that India has the potential of becoming a large crypto market. He explained that India is a “hotbed” for innovation but there hasn’t been an opportunity for exp[ansion into India until the Reserve bank of India ban on crypto-related firms was lifted by the supreme court earlier this year.
The co-founder and CEO of Delta exchange also spoke on the matter explains that India doesn’t just have great potential for the crypto market but also for the derivatives segment.