While the world seems to be swaying to the ‘inter-nodal symphony’ of cryptocurrencies, India, in particular, looks to be already reveling in the decentralized frenzy. The year 2021 was a breakthrough year for cryptocurrencies in India, with crypto adoption touching new highs post a record rise in the number of crypto users by 641% from July 2020 to June 2021, as per a Chainalysis report.
LBank, a top crypto exchange, witnessed the growing enthusiasm of Indian users at a recently concluded crypto Expo in Dubai. Many Indians shared their feedback at the LBank booth. Indian users were certainly drawn with LBank’s initiatives of spreading its operations under its global campaign and engaging and showing interest in the Indian community.
On 26th March, LBank successfully concluded its official event ‘Trade Early with LBank’ in Bangalore, followed by record growth in users and trading volumes. It was an educational and fun-filled meet-up constituting the LBank team members, crypto experts, and enthusiasts passionate about cryptocurrencies as a financial tool and an innovation.
The event could be called as the first inkling of the larger initiatives that LBank was considering to undertake in India. The event was attended by some of the top names in the industry. The list included speakers such as:
- Smit Thakkar, co-founder and CTO of CoinCrunch,
- Firdosh Sheikh, co-founder and CEO of DRIFE,
- Sandeep, CEO of Excelli, and
- Manohar, CEO of Unmarshal.
The speakers were exceptional as they addressed the audience in their keynote deliveries about cryptocurrency trading and its opportunities in India. The event marked the consolidation of LBank as a revolutionary crypto trading platform and other major stakeholders in the Indian crypto industry.
March 26 proved a memorable day for the Indian crypto community with the launch of the first official LBank event in India. Allen Wei, co-founder and CEO of LBank at the event, was quoted saying,
“India is one of the communities dear to us. We are intrigued by the number of Indians who have picked interest in LBank and the rising number of new users from India. We will ensure that our platform continues to be secure, safe, and easy-to-use with an array of top-notch Metaverse, GameFi, DeFi, and NFT tokens for the people to get the best value.”
Despite the regulatory uncertainties, Indians continue to show interest in cryptocurrencies in 2022, too, and the numbers are expected to rise further. As per a report, there were a whopping 20 million new crypto users in India in 2021, making it the fastest-growing country in crypto adoption.
Earmarking on this consistency in India’s liking for cryptocurrencies, LBank successfully launched its official event on March 26 in Bangalore. Being an enterprising ecosystem, it intends to increase the globalization of cryptocurrency. LBank has been actively involved in taking the crypto case forward and has already invested in over 100 companies to date.
So far, LBank has been highly appreciative of the Indian community for the commitment they have shown for cryptocurrencies. The Indian crypto community has taken steps to build a resourceful ecosystem and will facilitate the exponential rise of LBank adoption in India in the coming days and years. In exchange, LBank will strive to promote cryptocurrencies to an even greater number of Indians while providing them with the best trading experience.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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