Bitcoin price hits 846,357 Indian rupees approx. $13,118
The Bitcoin’s astonishing rally leading this week’s ultimate highs sees Indian investors rushing to grab a bite, despite the towering premiums.
India, much like anywhere else in the world, is seeing an unparalleled demand for bitcoin after the cryptocurrency swell to historic all-time high above $11,000 this week, within days of breaking through the $9,000 landmark on Sunday.
Investors in the country, both retail traders and neophyte adopters are catching the bitcoin bug. “We are flooded with requests,” said one bitcoin executive at Coinsecure, a bitcoin exchange located at India’s capital of New Delhi. “In the past week alone, we have seen double the number of registrations. Signups are happening at full capacity.”
Unocoin, India’s highest-funded BTC exchange, processed over 200,000 new KYC-enabled registrations over the last month alone, compared to the 100,000 signups amassed over three entire years prior.
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