AtKraken,we’velongservedtheIndianmarketwithafullsuiteofexchangeproducts,includingspot,derivativesandfutures,allcompletewithbest-in-classsecurityandexecution.
Unfortunately,ourgrowthinthemarkethadbeenlimitedbya2018rulingissuedbytheReserveBankofIndia(RBI)thatprohibitedbanksfromopeningaccountsforcryptobusinesses.
That’swhywewerethrilledtoseetheIndianSupremeCourtoverruletheRBI’sbanthisweek.?
Asbelieversinthepotentialofcryptocurrenciestopromotefinancialfreedom,we’velongseenourservicesasessentialinopeningaccesstoBitcoinandothercryptocurrencies.
Withitsyouthfulandtech-savvypopulationandstatusamongtheworld’slargestgoldandremittancemarkets,we’reexcitedtoagainhelpIndiancustomersbeginsavingforthefutureandsendingvaluetofamilyandfriendsoverseas.?
KrakenHeadofGlobalBusinessDevelopmentSunnyRay,whofoundedthefirstregulatedcryptoexchangeinIndia,Unocoin,said:
“ThisisanincrediblyemotionalmomentforIndia.SatoshicreatedBitcoinbecausehefeltthatcentralbankswereinefficient.Thefactthatthecryptoindustryjustbattled,andwon,againstthecentralbanklocatedinthesecond-mostpopulouscountryintheworldisamassiveachievement.Wefoughtfor1.5billionpeopletohavetherighttoaccesscrypto.”
Armedwiththeabilitytoexpandouroffering,Krakenisexcitedtorecommitresourcestoexpandingitsserviceintheregionthroughnewfeaturesandofferings.?
StaytunedformoreupdatesandannouncementsfromKrakenastheyearunfolds.ThefutureisbrightforcryptoinIndia,andatKraken,we’regoingtobethereeverystepoftheway.?
ThankyouforchoosingKraken,thesecureandtrusteddigitalassetexchange.
Regards,
TheKrakenTeam
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