With the ban of 9 cryptocurrency exchanges in India, what should we expect
The ban of crypto exchanges Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex in India could impact the cryptocurrency market in several ways.
1. It will limit accessibility of Indian traders and investors, and reduce the trading volume and liquidity for certain crypto currencies.
2. It could lead to a shift in trading behaviors, such as using decentralized exchanges or peer-to-peer platforms to bypass the ban.
3. The ban can create short-term volatility and uncertainty
Certainly it will create more opportunities in the crypto industry because one thing India's are known for is their creativity, they will find a way around it, it just depends on how long it will take or how willing this exchanges are to comply to India's request.
Major advice , trade wisely as most India's will be either selling off or moving their funds to other exchanges. The market will be volatile and may see a downturn