Indian Cryptocurrency Exchange BitPolo Launches During Pandemic

Mike Novogratz Believes This is Bitcoin’s “Moment”

BitPolo, an Indian fiat-to-crypto exchange, has just gone live in the country, according to a blog post from the group.

The exchange is based in Bangalore, India, and offers “crypto trading with a series of desirable, state-of-art features like high liquidity markets, fiat payment gateways, tight order book spread, instant INR deposits and withdrawals, engaging and easy to use UI, and bare minimum fees,” the post notes.

Of course, many of these features are offered by other exchanges, such as Binance, but having a local one with these offerings is ideal.

Speaking on the matter is Suresh Choudhary, the Chief Business Officer of Bitpolo:

“We were building through the bear market and thought the timing of our launch cannot be more apt than when the world is slowly inching back towards normalcy post a pandemic and recessionary environment.”

Fortunately for the cryptocurrency scene, usage in India has been on the up lately, as InsideBitcoins has previously reported on. That and cryptocurrency exchanges in the country are looking to streamline the regulatory process as well, furthering the chance for mass adoption, as InsideBitcoins has also reported on.

“It is imperative we make strides towards crypto adoption and we expect people actively participating in this distributed, permission-less crypto/blockchain ecosystem and anticipate to enable this vision,” finishes the post.

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