High 5 Cryptocurrency Exchanges in India

• The Indian cryptocurrency market is predicted to develop by 9.83% from 2023 to 2027.
• India’s top-five crypto exchanges based mostly on customers embody WazirX, Bitbns, KoinBX, CoinDCX, and ZebPay.
• CoinDCX claims to be the crypto alternate with the very best variety of listed tokens in India.

Based on Statista, the net international financial information portal, the Indian cryptocurrency market is predicted to develop by 9.83% from 2023 to 2027. That may end in a market quantity of $324 million for the sector by 2027. Among the many frontrunners within the Indian crypto trade are the top-five crypto exchanges based mostly on variety of customers. They embody WazirX, Bitbns, KoinBX, CoinDCX, and ZebPay.

WazirX

WazirX was created in 2018 and is acclaimed to be India’s fastest-growing crypto alternate. It boasts of serving over 15 million customers, in line with studies. WazirX is accessible for the worldwide viewers and permits immediate fiat deposits and withdrawals. The platform has a “Login by way of Binance” choice.

Bitbns

Bitbns was based in 2017 and has grown to turn into one of many high crypto exchanges in India. Bitbns has attracted greater than 3 million customers. Based on inside sources from Bitbns, it’s the first crypto alternate to introduce Bracket Orders. Over 468 tokens are at the moment listed on the platform of the crypto alternate, in line with information on its web site. Bitbns additionally has a P2P FIAT deposit and withdrawal mechanism.

Additionally, Learn right here to know different Crypto Exchanges Evaluate

KoinBX

KoinBX is a world cryptocurrency alternate with a major presence in India. It’s a platform that permits customers to purchase, promote, and commerce Bitcoin and different cryptocurrencies. CoinmarketCap information reveals that KoinBX accommodates 94 crypto tokens that customers can commerce and alternate in several markets. It additionally has a cellular model that permits customers to commerce cryptocurrencies on the go.

CoinDCX

CoinDCX is one other crypto alternate that began in India in 2018. It claims to supply zero-fee transactions which might be immediate, in addition to a single entry level for a number of monetary companies. Information from CoinMarketCap reveals that CoinDCX accommodates greater than 500 totally different tokens and claims to be the crypto alternate with the very best variety of listed crypto tokens in India. The crypto alternate has an estimated consumer base of over 13 million. CoinDCX is backed by a number of traders, together with Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX.

ZebPay

ZebPay is one other high crypto alternate with a major presence in India. It was established in 2014 and has unfold to totally different components of the world. ZebPay’s Indian customers are of their thousands and thousands and might entry the crypto alternate by way of the cellular app or the net interface. OTC companies are additionally accessible on ZebPay for high-volume merchants. CoinMarketCap information reveals that 105 totally different crypto tokens are listed on the ZebPay platform. There are over 5 million customers on ZebPay.