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PayBito Becomes First Crypto Exchange in India to Accept Native INR

PayBito Becomes First Crypto Exchange in India to Accept Native INR

PayBito has become the first and only crypto exchange in India to support the country’s native fiat Indian Rupee (INR). This enables easy and accessible trading to all its users in the region.

According to an announcement on Aug 19, 2020, the said leading US-based crypto exchange is one of the first global platforms to provide operations in India. This initiative enables all users in the platform to trade their native fiat money on the platform.

As a result, more people in India are expected to use the platform in their day to day cryptocurrency trading.

Managing Director of PayBito Raj Chowdhury stated that INR’s introduction as one of its base currencies was a great move to simplify the trading activities for the users.

Chowdhury added,

…Since we are the only ones offering INR support, the response from traders from the get-go has been remarkable.

Chowdhury believes that India, as an emerging crypto market, has excellent potential when it comes to mass adoption of digital currencies. In addition, the South Asian subcontinent has seen a great number of crypto activities in the post-ban lift of cryptocurrencies. This is an excellent sign that the crypto industry in the country has a great future.

Furthermore, PayBito’s advanced trading features and crypto offerings enable it to contribute to the growing cryptocurrency industry in India. It also provides some of the best rates as well as high security levels in the crypto space that will surely benefit the crypto community in the said country.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.