As per the media reports Leading cryptocurrency exchange Bitget has registered over 200% growth in digital assets’ trading magnitudes in the Indian market since its launch in early May ’22. With over 8 million users worldwide, Bitget has managed to capture a significant share of the South Asian market resulting in increased registrations from retail users.
Bitget’s performance has accelerated its positioning amongst other derivatives exchanges, ranking from the top #20 to its current position #5 on Coingecko. It has captured over 500% growth ($600M to $5 Billion) in its trading volumes globally.
RBI Governor Shaktikanta Das says the next financial crisis might emerge from cryptocurrencies.
The majority of central bankers across the world have been wary of cryptocurrencies. The Reserve Bank of India Governor Shaktikanta Das has reiterated caution about the unregulated currency and warned that it presents a “huge inherent risk for our macroeconomic and financial stability.