Bitbay Opens Branch For Indian Clients
Poland’s largest bitcoin exchange Bitbay has announced its intention to enter the Indian cryptocurrency market. Bitbay will be the first trading platform in India to provide its users with access to trading altcoins in pairs with Ethereum, Litecoin, Lisk, Monero, Ash and Gamecredits. In total, 17 altcoins will be available for trading in the near future.
From August 14, trading on demo accounts will be available without attracting real money. Full trading will begin on 24 August. The head of Bitbay India, Rohid Dagda, was interviewed by the financial publication Money Control, in which he said: “We will align our work with the requirements set for Bitbay in India. We will provide demo trades before the launch of real currencies, so that people can get comfortable with our system “.
Bitbay CEO Sylvester Sutzek said: “Bitbay India has prepared the foundation for the launch of innovative services, support and solutions for cryptocurrency users to make fast and secure transactions. Our team consists of specialists and bitcoin enthusiasts who are active participants in the cryptocurrency community, attending thematic events and taking part in charitable activities, sending donations to Indian communities “.
In an official press release, the exchange said: “The main goal of Bitbay India is to eliminate all misconceptions about cryptocurrencies, attract more users and investors to digital currencies, and create a comprehensive platform for trading and exchanging many cryptocurrencies.”.
According to Coinmarketcap data, Bitbay accounts for the majority of BTC / PLN trading. At the time of this writing, the 24-hour trading volume on the exchange for the pair was just over $ 5 million, representing 0.19% of the total global bitcoin trading volume..
“Bitbay is the leading exchange in Eastern Europe. More than 200,000 users are registered on the exchange. We are ranked 10th in the world and have been operating since 2014, ”said Suzek.
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