BitBay, a cryptocurrency trading platform based out of Poland is launching a dedicated platform for trade and exchange of cryptocurrencies in India. BitBay has over 200,000 users internationally and the exchange has total daily volume of around $4 million, ranking it tenth in the world.
Bitbay will be the first international exchange to look at the Indian market seriously. “India is an interesting market. The KYC norms are very strong and people are technology savvy in this country. We also feel a rising interest in the cryptocurrency asset class,” Sylwestor Suszek – CEO Bitbay said. The exchange is in talks with Indian banks for net banking, and plans to initially start with demo trading on Bitbay India - from August 10-24 - sans real money so that users can understand BitBay's processes thoroughly.
At the end of the demonstration, all the registered members with higher volume transactions will be given reward coins from Gamecredits and MobileGo. The exchange will go live after August 24. BitBay India is presently a ten-member team operating out of New Delhi.
BitBay's India trading platform is now open in the demo mode.It supports bitcoin and six other altcoins, namely Ether, Litecoin, Lisk, Monero, Dash and Gamecredits.
Register now to get free Bitcoins : https://goo.gl/6V1qtQ
SOURCE: Forbes India, BitBay India.