Hello Crypto Lovers,
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No doubt, the Crypto price surge with the Bitcoin price reaching all time high once again has made the people to start looking into Cryptos once again, but people are even investing heavily and Indian are not far behind in that!!!!
Inspite of this, just 7.3 percent of Indians have invested in Cryptos as of Fourteenth October this year and that says it all.
Given the population of India, even that 7.3 percent means, 100 million Indian people have already invested in Cryptos and that number puts India in First position in terms of Crypto investors with next position occupied by US people with 27.4 million!!!
With keeping these numbers in mind, CrossTower, the digitial asset exchange capital markets service provider is offering Indians INR 5K free money to start their Crypto journey and I am sure this will attract more Indian youth to invest in Cryptos with the free money and learn the tricks of Crypto trading without having to spend a single Rupee from their pocket!!!!
CrossTower started it's operations in 2019 with registering in US First and recently, in September this year, they have even started their services in India as well.
CrossTower is started by mix of Indian and other intellectuals such as Kapil Rathi as CEO and Co Founder, Kristin Boggiano as President and Co Founder with most of them having 20+ years of experience in Capital markets and financing and like WazirX, Coin Switch Kuber, hopefully CrossTower will also grow bigger in India to become the next Crypto Unicorn!!!
Currently CrossTower has a turnover of US$ 8.4 million per year and the Indian market entry will surely boost their market growth and help them spread their wings even more.
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The 5K INR amount free credit is First of it's kind and will definitely lure Indians to invest and learn about Cryptos and they don't lose anything here with CrossTower offering to bear the loss if the invested Crypto price goes down.
But, this will be an opportunity for all of us to utilize the free credit and try to invest in some of the gems including Bitcoin itself and learn the Crypto trading even better way.
Inspite of the uncertainties on the future of Cryptos in India with Government not coming up with clear mandate about Crypto trading, it's been brave move by ventures like Wazirx, Koin Switch Kuber, Crosstower and many others to start their Crypto exchanges in India and this shows that, the interest in Cryptos by Indians is something even the Government can't stop and even if they ban Cryptos in India, people will have options to get their Cryptos traded somehow and dare the decision by Government.
Let's hope this offer by CrossTower is utilized by many Indians and make it even more BIG, so that, even our Government can't keep their eyes closed on Cryptos and comes up with some good news for all of us soon.
With Diwali in hindsight, hope, Government gives us all crackers in the form of Crypto adoption and legalizing it soon :)