Most Popular Cryptocurrencies in India According to Exchanges

Most Popular Cryptocurrencies in India According to Exchanges

Several Indian crypto exchanges have shared data with news.Bitcoin.com on the most traded cryptocurrencies on their platforms so far this year. Crypto enthusiasts in India have been buying and selling a wide range of cryptocurrencies despite the central banks roadblock which stops crypto exchanges from accessing banking services.


BTC

The most-traded cryptocurrency year-to-date on Indian exchanges Wazirx, Coindcx, and Instashift is BTC. On Bitbns exchange, it is the third most-traded cryptocurrency this year. Wazirx facilitated $6.5 million worth of BTC trades between Jan. 1 and March 7. Coindcx swapped 792 BTC for its users in the same time period, while Instashifts BTC trades accounted for 77.76% of its total buy volume and 67.58% of its total sell volume.

The price of BTC has risen 4.28% year-to-date from $3,742 at the beginning of the year to $3,902 at the time of this writing. Its market cap currently stands at approximately $68.59 billion, which is roughly 51.65% of the total market cap of over 2,000 cryptocurrencies listed on Coinmarketcap.


ETH

ETH currently has the second-largest market cap of approximately $14.21 billion. The cryptocurrency is the second most-traded coin on Wazirx, with $2 million worth changing hands between Jan. 1 and March 7. It is the fourth most-traded coin on Instashift but did not make the top five coins by trading volume so far this year on Coindcx or Bitbns, according to data supplied to news.Bitcoin.com by the exchanges.

The price of ETH only climbed 0.86% from $134.49 since the beginning of January to $135.64 at the time of writing.


XRP

XRP, the native coin of Ripple, is one of the top five cryptocurrencies with largest trading volumes on Wazirx, Coindcx, Instashift, and Bitbns so far this year. It is the third most-traded on Wazirx, with approximately $2 million worth of XRP changing hands since the beginning of the year. It is the fourth most-traded coin on Coindcx, with 456 BTC worth traded during the same time period. XRP is also the most-traded coin on Bitbns and the second most-traded one on Instashift, accounting for 9.31% of the latters total buy volume and 9.74% of its total sell volume.

The price of XRP has fallen 12.78% from $0.354949 on Jan. 1 to $0.309570 at the time of this writing. The coins market cap is currently around $12.83 billion, which ranks it third highest of all cryptocoins.


TRX

Tron (TRX) ranks among the top five most-traded coins year-to-date on Wazirx, Coindcx, and Bitbns. Since the beginning of the year, around $1.7 million of TRX has changed hands on Wazirx and 423 BTC worth of the coin traded on Coindcx. In addition, another crypto exchange, Koinex, revealed on March 5 that TRX was the most popular digital asset of the week for its recently launched service, Express, which is an instant converter for over 200 crypto trading pairs.

The price of TRX has surged 17.71% since the start of the year, from $0.019096 to $0.022477. Its market cap is currently $1.50 billion.

Last month, Chinas Center for Information and Industry Development (CCID), under the countrys Ministry of Industry and Information Technology, began evaluating Trons blockchain and ranked it second among the 35 crypto projects it reviewed.


BTT

Newcomer Bittorrent token (BTT) is already among the top five coins traded on Wazirx and Coindcx. The former traded approximately $800,000 worth of the coin so far this year and the latter the equivalent of 559 BTC.

BTT began trading on Wazirx last month and quickly became a favorite among traders, the exchange revealed. A factor contributing to its popularity is likely the coins monthly airdrop for TRX holders on the 11th of every month, which Wazirx supports. Koinex also announced on Feb. 1 its support for the BTT airdrops.

The BTT token is expected to be integrated into the Bittorrent platform as a way to incentivize faster downloads. Although the integration has not taken place, BTTs price has climbed 43.02% from its $0.000516 price on Jan. 31 to $0.000738 at the time of this writing.

Coindcx also noted that its third most-traded coin this year is THETA and the sixth most-traded is BNB. On Bitbns, ADA, EOS, and NEO also top the list of most traded coins during the same time period.

Currently, the Indian crypto community is waiting for the government to announce its first set of crypto regulations and hoping for the banking ban by the central bank, the Reserve Bank of India (RBI), to be lifted. The supreme court, on Feb. 25, gave the government four weeks to come up with a regulatory framework for cryptocurrencies before it sets a date to hear the petitions against the RBI ban.


The post Most Popular Cryptocurrencies in India According to Exchanges appeared first on Bitcoin News.

08.03.2019 / 19:40 46
Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation Indian Crypto Exchanges End Year With
As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their
Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading Indian Cryptocurrency Exchanges See
Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the
Growing Number of Indian Crypto Exchanges Say Fiat Support Is Back Despite RBI Ban Growing Number of Indian Crypto
A growing number of crypto exchanges in India have announced the return of fiat deposit and withdrawal support despite the crypto banking ban imposed
RBI Ban Hearing in Two Days  What Indian Crypto Exchanges Are Expecting RBI Ban Hearing in Two Days What
The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to
Indian Crypto Exchanges Launching P2P Trading Services  Bypassing RBI Ban Indian Crypto Exchanges Launching P2P
With the impending banking ban by the Reserve Bank of India, cryptocurrency exchanges in the country are scrambling to find banking alternatives. Two
Indian Exchanges pivot to Crypto-to-Crypto trading amid RBI Banking Blockade Indian Exchanges pivot to
On April 6th, 2018, the Reserve Bank of India (RBI) announced that within three months entities registered with them should stop dealing with
Comments (0)
Add a comment
Comment on