“In the pandemic, many Indians have lost jobs, and this has led them to invest in cryptocurrency to earn side income. Moreover, a lot of new professions have emerged in this space – people are becoming traders, technical analysts, or crypto influencers. Many help their friends and family to invest in crypto because not everyone understands crypto. There are various crypto use cases that have emerged in India, and have affected Indians in a positive way,” said Nischal Shetty, CEO, WazirX.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.