Hello Friends,
Happy Independence Day to all my friends and everyone over here.
Today is a big day for all crypto users in India and it is because one of the biggest exchanges that was blocked last year has been unblocked now. I am talking about Binance which is a leading international exchange dealing in Crypto products. Users are happy in India and have already spoken with some of the people trading in crypto that what are their thoughts. It is one of the biggest exchanges for various reasons. We can get a variety of coins along with higher liquidity and the exchange of a bunch of features that are hardly available on any other exchange.
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The exchange URL and applications from iOS and Android were blocked in December and now in mid-August, everything is unblocked. The exchange is officially registered in India and they are compliant with the finance and intelligence unit. They have paid a big amount as part of the penalty but it's fine. Now they can offer the services to the Indian users without any problem because they will be following all the rules and regulations according to the government. This also opens up the door for the opportunities for Crypto and more exchanges in this market. Now India has two exchanges that are registered and they are international whereas Binance is the biggest one following Kucoin.
The Binance website has now been fully restored and the URL is now accessible to all Indian users. The exchange had faced regulatory issues in India resulting in various stringent actions taken. However, amid various fines settlements, the exchange is now gaining footing in the Indian market.
I am also a user of this exchange but I don't trade much but still happy because now Indian users have a better option for trading where they can get almost everything they need in the Crypto market. It will also increase the competition for Indian crypto exchanges to offer the best of their services and not ignore the customer because if they do then customers will move away to this exchange. This is how it should be because competition should be fair where users are treated fairly by the exchanges but unfortunately, this was not the case till now. I hope the situation will improve in the next few months where many problems will be resolved by the exchanges to offer best-in-class services to the users.
Conclusion
I have checked about website applications for Android and it's all working fine so it is correct surely it is a freedom from the blocking for the Indian Crypto users and have access back to this leading exchange in the market. It was also needed because now we are heading towards the building cycle so having an exchange that is better and reliable is surely a need for the crypto community.
Thanks for stopping by
Posted Using InLeo Alpha
Posted Using InLeo Alpha
