On November 30, 2018, the Crypto-coin and cryptocurrency exchange market will launch its own crypto based stock market in the country.
The crypto-stock market is expected to be the first stock market with an independent exchange operator in the state of Kerala.
The crypto-currency exchange market is likely to be a major catalyst for growth in the crypto-exchange industry.
“The market is already booming and it is only a matter of time before we can start trading crypto-assets,” said Naveen, an executive at an Indian exchange.
“We are confident that the crypto market will continue to grow and expand.”
Naveen further added that the cryptocurrency exchange industry is also in dire need of capital.
“A few months back, there was a shortage of capital and we needed to raise funds for the development of the exchange.
But now, with the growth of the crypto and crypto-investment industry, we are hopeful that we will be able to raise capital soon,” he said.”
The crypto industry is in dire straits.
The market is overbought with a plethora of ICOs.
But the crypto community is still alive and well and is working hard to revive,” he added.
The exchange market has been operating since 2014, and Naveed said that he had raised over ₹1 crore from the state government and investors for the initial stages of the project.
However, the new venture is expected be the biggest in the sector, with a valuation of around ₼10 crore.
The cryptocurrency exchange will be the second crypto-linked exchange after OTP.
“Currently, there are more than 20 exchange operators in the market.
The two exchanges, OTP and OTP India, have been providing high-quality services in the field of crypto-finance,” said Shriram Sood, managing director of OTP in a statement.
Sood further added, “We hope that we can take OTP into the crypto space.
The growth of crypto assets will accelerate if OTP is a part of it.”OTP and its co-founder Pranav Bharti, who is also a member of the board of the World Crypto Meetup, had earlier launched OTP for Bitcoin.
The exchange will focus on cryptocurrencies, which is a relatively new technology in India.
According to a report from Venture Beat, the company will initially offer the cryptocurrency exchanges in the two states of Kerala and Andhra Pradesh.