Unocoin company, India’s leading cryptoassets trading, believe that crypto market represents the most underestimated market with cryptoassets
Unocoin, India’s cryptocurrency exchange, monthly serves around 26,000 active users. Unocoin co-founder Stahvik Vishwanath, believes that India has vast growth potential. Moreover, he predicts that it’s the right time to launch a derivatives market. Yet, restrictions from Reserve Bank of India (RBI), India’s Central Bank, are making the situation complicated.
Vishwanath fears strict regulations, which RBI impose on Indian banking sector. Moreover, there’s risks that cryptocurrency derivatives market could arouse interest of central bankers. Even so, he aims to take the risks and plans to launch a derivatives market in upcoming months.
Investors, who aim to secure themselves for the volative value of underlying assets, that is a concrete cryptocurrency, are most interested in crypto derivatives. Based on progress in recent months, crypto market experience major oscillation. Bitcoin and other virtual currencies do experience that.
