Indian crypto bourses see outage as Bitcoin cracks

The Users of India’s largest cryptocurrency exchanges, WazirX and CoinDCX, had a tough time due to outages as Bitcoin plunged over 30%, wiping out over $500 billion in value from the coin’s peak market value.

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In India, a combination of factors, including a scramble to exit and buy at dips resulted in the collapse of WazirX, sending its users into a tailspin.

Several cryptocurrency exchanges have now come up in the country that enable buying, selling and trading in several cryptocurrencies. Cryptocurrency exchanges offer ease in trading by offering functionality through user-friendly applications or websites.

Some of the most popular cryptocurrency exchanges in India are WazirX, CoinDCX, Zebpay and UnoCoin.