It came as surprising news to me that, starting January 12, Bybit has decided to suspend all of its services for users in India, citing regulatory compliance issues. In their words " Due to recent developments from Indian regulators and in continuation of previously implemented restrictions. Indian users will temporarily be unable to open new trades or access any products on the Bybit platform.”"
https://cointelegraph.com/news/bybit-suspends-crypto-trading-india)
While this situation unfolds, I’d suggest finding a reliable and compliant exchange with good Proof of Reserves (PoR) and protection funds that cater to users' needs. How’s it going with WazirX though?
By the way, I’m concerned about this development. Do you think this suspension could be prolonged? I hope you have a suitable backup plan so you can continue your trading experience smoothly.
I was also surprise about it as well. Bybit has been a trusted platform, so it is disappointing to see them halt services. I have been exploring alternatives for some of my Indian friends, like the likes of Kucoin, Bitget and others but the latter kind of seems to be more with his trading style and they also list token early. Do you have any recommendation for me or do you think I should go on with my findings?
