Indian crypto exchange has stated that the number of user signups for the purchase of bitcoin, has increased significantly over the past few weeks.
The peak was in the recent rise of the price of the cryptocurrency number one, during which the price has reached more than 11.000 dollars.
The unprecedented increase in the number of investors who want to invest in the most popular cryptocurrency, comes amid rumors that the Central Bank may declare bitcoin and other cryptocurrencies illegal.
According to co-founder and CEO of cryptocurrency exchange Unocoin, Satvika Viswanatha the number of clients registered on their platform in just one month, has reached about 200,000 due to a sharp increase in the price of bitcoin.
It took us about three years to get 100,000 registered customers, and over the last month, we registered about 200 000 customers.
The phenomenal popularity of bitcoin in India
Despite the negative views of the Indian government and the banking regulator, the market for digital currency in the country is on the rise. This is especially true for bitcoin, whose price has skyrocketed from 459 047 rupees from November 1 to 860 049 RS 29 Nov.
According to co-founder of Zebpay Sandip Goenka, the degree of investor interest in bitcoin is phenomenal. He added that over the past few months the number of users increased by 300,000 – 400,000 compared to about 150,000 in June and July.
The degree of interest in bitcoin is at unprecedented levels. Every time prices rise, investors that were skeptical of this region flow into the ecosystem. This time we see the interest of even conservative investors.