Several Indian crypto exchanges have shared data with ..com on the most traded on their platforms so far this year. Crypto enthusiasts in India have been buying and selling a wide range of despite the central bank’s roadblock which stops crypto exchanges from accessing banking services.
Also read:
BTC
The most-traded year-to-date on Indian exchanges Wazirx, Coindcx, and Instashift is . On Bitbns exchange, it is the third most-traded this year. Wazirx facilitated $6.5 million worth of trades between Jan. 1 and March 7. Coindcx swapped 792 for its users in the same time period, while Instashift’s trades accounted for 77.76% of its total buy volume and 67.58% of its total sell volume.
The price of has risen 4.28% year-to-date from $3,742 at the beginning of the year to $3,902 at the time of this writing. Its market cap currently stands at approximately $68.59 billion, which is roughly 51.65% of the total market cap of over 2,000 listed on Coinmarketcap.
ETH
ETH currently has the second-largest market cap of approximately $14.21 billion. The is the second most-traded coin on Wazirx, with $2 million worth changing hands between Jan. 1 and March 7. It is the fourth most-traded coin on Instashift but did not make the top five coins by volume so far this year on Coindcx or Bitbns, according to data supplied to ..com by the exchanges.
The price of ETH only climbed 0.86% from $134.49 since the beginning of January to $135.64 at the time of writing.
XRP
XRP, the native coin of , is one of the top five with largest volumes on Wazirx, Coindcx, Instashift, and Bitbns so far this year. It is the third most-traded on Wazirx, with approximately $2 million worth of XRP changing hands since the beginning of the year. It is the fourth most-traded coin on Coindcx, with 456 worth traded during the same time period. XRP is also the most-traded coin on Bitbns and the second most-traded one on Instashift, accounting for 9.31% of the latter’s total buy volume and 9.74% of its total sell volume.
The price of XRP has fallen 12.78% from $0.354949 on Jan. 1 to $0.309570 at the time of this writing. The coin’s market cap is currently around $12.83 billion, which ranks it third highest of all cryptocoins.
TRX
(TRX) ranks among the top five most-traded coins year-to-date on Wazirx, Coindcx, and Bitbns. Since the beginning of the year, around $1.7 million of TRX has changed hands on Wazirx and 423 worth of the coin traded on Coindcx. In addition, another crypto exchange, Koinex, revealed on March 5 that TRX was the most popular digital asset of the week for its recently launched service, Express, which is an instant converter for over 200 crypto pairs.
The price of TRX has surged 17.71% since the start of the year, from $0.019096 to $0.022477. Its market cap is currently $1.50 billion.
Last month, ’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, began ’s and ranked it second among the 35 crypto projects it reviewed.
BTT
Newcomer Bittorrent (BTT) is already among the top five coins traded on Wazirx and Coindcx. The former traded approximately $800,000 worth of the coin so far this year and the latter the equivalent of 559 .
BTT began on Wazirx last month and quickly became a favorite among traders, the exchange revealed. A factor contributing to its popularity is likely the coin’s monthly airdrop for TRX holders on the 11th of every month, which Wazirx supports. Koinex also announced on Feb. 1 its support for the BTT airdrops.
The BTT is expected to be integrated into the Bittorrent platform as a way to incentivize faster downloads. Although the integration has not taken place, BTT’s price has climbed 43.02% from its $0.000516 price on Jan. 31 to $0.000738 at the time of this writing.
Coindcx also noted that its third most-traded coin this year is THETA and the sixth most-traded is BNB. On Bitbns, ADA, , and NEO also top the list of most traded coins during the same time period.
Currently, the Indian crypto community is waiting for the government to announce its first set of and hoping for the banking ban by the central bank, the Reserve Bank of India (RBI), to be lifted. The supreme court, on Feb. 25, gave the government to come up with a regulatory framework for before it sets a date to hear the petitions against the RBI ban.
Which do you like? Let us know in the comments section below.
Disclaimer: This article is for informational purposes only and should not to be considered as or investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither .com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the trader.
Images courtesy of Shutterstock and Coinmarketcap.
Need to calculate your holdings? Check our section.
Published at Sat, 09 Mar 2019 03:20:15 +0000
