BitBuddy, a cryptocurrency marketplace, earlier this week, announced the launch of its service in India. The company which is based out of Jaipur, India would enable Indian users to buy and sell cryptocurrencies like Bitcoin and Ethereum in India.
The company is on the mission to make cryptocurrency trading available across India and also on a global level.
The trading platform has no trading fees for 2 months for new users which makes it an attractive platfrom for traders to trade cryptocurrencies.
According to Ashish Agarwal, the company’s chief executive office is looking to capitalize on the 5 million cryptocurrency users in India. He also stated that the company is looking to gain 100k users to the platform by the end of this year.
After India’s apex court uplifted the ban on cryptocurrencies, companies that had stopped the trading of cryptocurrencies in India have resumed trading. Crypto companies from all over the world are looking to get into the Indian cryptocurrency ecosystem after the upliftment of the ban.
Most of the users from India find it difficult to buy a small quantity of Bitcoin and Bit Buddy would play a major role in increasing that number in India.