Asked about its India vision in the near future, particularly after the struggles for Coinbase and FTX, the Binance spokesperson said India can be a major crypto participant. “More than 10 crore (100 million) Indians own cryptocurrency according to industry reports and we can tell that mass adoption of crypto is happening in India. With strong industry players on ground, making investments in the country’s industry, India can become one of the hubs for crypto industry,” the spokesperson said.
Binance Seeking ‘Ideal Point’ for India Launch
