Cryptocurrency trading could be the future of India
The Indian exchange platform Unocoin plans to launch derivative options within a few months
The relationship between India and cryptocurrencies has proved complicated. However, the Indian exchange Unocoin plans to launch derivative options on its platform within a few months, despite the restrictions that hinder this action.
For his part, Sathvik Vishwanath, co-founder of Unocoin, says that “although we believe that it is more or less time to launch a derivatives market, the restrictions of the bank of the reserve of India on the banks is complicating things and is maintaining away from the average customer.”
Pankaj Balani, CEO of Delta exchange, admires the potential of India in the derivatives market and Delta is expected to be one of the exchange platforms that most benefit the cryptocurrency regulations in the region.
With more than 25,000 registered users, the company has changed its focus in the hope that Indian merchants will adopt crypto derivatives.
Despite the efforts of the exchanges to strengthen India in the cryptocurrency market, the nation has greatly hindered efforts to expand the industry locally. An example of this is the digital rupee which is still waiting its implementation and the future of digital currencies that still remains undetermined.
K.Villarroel
Source: thenoticiasbitcoin
