The American bitcoin exchange Kraken will return to India with a full range of products, including the futures, derivatives market, and spot trading. This decision was made after the Supreme Court of India lifted the ban on the central bank to carry out operations with digital assets by reporting organizations.
🇮🇳*NEW* Kraken is recommitting to the Indian market following last week’s landmark supreme court ruling.
— Kraken Exchange (@krakenfx) March 9, 2020
We’re excited to help Indian clients:
đź’¸Send money home
đź’°Secure their wealth
đź’ŞAchieve financial freedom
Learn more here: https://t.co/FMkVcnm5wN
Kraken also plans to allocate additional resources to expand its services in the region with new features and offers.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Sunny Ray, head of global business development at Kraken, said that “winning the standoff with the Reserve Bank of the world's second-largest population is a huge achievement.”
“We fought for the right of 1.5 billion people to have access to cryptocurrencies,” said Sunny Ray, a former co-founder of India’s leading exchange Unocoin.