Indian cryptocurrency exchange Bitbns has now become the very very first cryptocurrency exchange ter the country to introduce support for the trading of Edge (XVG) cryptocurrency. The Indian cryptocurrency landscape has become a rather interesting one – spil the markets proceed to auge despite government crackdowns and banking embargos.
A fresh addition to the Indian cryptocurrency markets, Bitbns commenced off ter December but has made fairly a name for itself overheen the past few months. The exchange offers a number of essential features such spil automated trade, margin-trading, spil well spil support for UPI payments. The Bitbns cryptocurrency exchange has a 24-hour trading volume of $Two,475,877 and supports 36 cryptocurrencies including Brink.
Te addition to introducing the support for Edge on their toneelpodium, the cryptocurrency exchange also introduced two fresh contests – &lsquo,Trade of the day&rsquo, and &lsquo,Depositor of the day&rsquo, to promote trading activity on their toneel with the help of cryptocurrency incentives.
The trader of the day contest awards INR 5000 worth of XVG to the person who makes the highest trade of the day, ondergrens trading amount being INR 50,000. Similarly, INR 5000 worth of XVG would be rewarded to the &lsquo,depositor of the day&rsquo,, who makes the thickest deposit of the day.
Edge on the Rise
Edge has bot a controversial name ter the markets overheen the past few months, having bot associated with several controversies ranging from gegevens leaks to the fact that it paid off John McAfee to &lsquo,pump&rsquo, the coin using his Twitter influence. The currency has bot through a loterijlot but proceeds to love the support of a dedicated group of backers who proceed to invest ter it.
Privacy-focused cryptocurrency Brink witnessed a latest boost ter price when the partnerships with Pornhub spil well spil Mindgeek were announced. With the likes of thesis major platforms now backing Brink, it helps the currency build up acceptance on a integral toneel. Interestingly, Brink just got listed on Bitfinex, one of the largest crypto-exchanges, last week. With Edge now being listed on an Indian exchange, it opens more doors for investments spil Indian cryptocurrency users would now be able to invest ter the currency.
The Indian Cryptocurrency Markets
Overheen the past few months, the Indian cryptocurrency markets have bot te a state of disarray. There have bot a number of controversies which have marred the markets. The Reserve Bankgebouw of India (RBI) had ordered all regulated financial figures to zekering providing services to those individuals and organizations dealing ter cryptocurrencies – imposing an zijdelings kerkban overheen the crypto-trade ter the nation.
This has bot met with a backlash from the Indian cryptocurrency trading community which has filed online petitions against this. An Indian hard Kalium Digital Ecosystems has taken the RBI to the court overheen this, claiming that this stir from the Reserve Bankgebouw is &lsquo,unconstitutional&rsquo, spil it violates several acts ter the Indian constitution. The case is set for a hearing straks this month.
To conclude, the addition of Brink spil a trading option strengthens the Indian cryptocurrency economy and provides the traders with another avenue to invest their money at. It is expected that more Indian cryptocurrency exchanges will go after suit and embark to support Edge soon. It will be interesting to see how this listing affects Edge&rsquo,s trading volumes on a completo level overheen the months to go after.