Global crypto exchange CrossTower enters India despite policy uncertainty
By Nupur Anand
MUMBAI (Reuters) – U.S.-headquartered digital foreign exchange exchange CrossTower has organize an space unit in India and launched a shopping for and promoting platform to grab the rising dwelling crypto market regardless that the future of cryptocurrency in India stays to be unclear.
CrossTower India has already employed 35 people and plans to increase headcount to 100 in six to 9 months, the company said. The agency is following throughout the footsteps of market chief Binance, which entered India in 2019.
India’s digital foreign exchange market has grown from $923 million in April 2020 to $6.6 billion in May 2021, consistent with Chainalysis, a blockchain information platform. Among 154 nations, India ranks eleventh in cryptocurrency adoption, it said.
“India will play a pivotal place and we plan to utilize the nation …
