The Opportunities That Lie Before The Indian Crypto Ecosystem and What's Being Done With It

The Indian crypto ecosystem has remained largely subdued relative to the rest of the world in terms of its potential. There was little liquidity in the Indian crypto start-up space as well which means that the valuations in India are low. With a policy framework in place, there is a strong reason to believe that valuation multiples will catch up with the world as startups become successful. The value-add services to be built around existing liquidity pools — This is where value accrual will take place in the short to medium term. An exchange was valued at $1 billion in April 2019 when the volume was around $60 million.