The surge in cryptocurrencies, led by Bitcoin, is likely to continue with robust response from not only retail but also global institutional investors, believe players. However, regulatory uncertainties continue for the sector.
“The crypto ecosystem has also been growing largely due to institutional investors buying into crypto and large companies like PayPal offering it,” said Nischal Shetty, CEO of domestic cryptocurrency exchange WazirX, adding that 2021 is likely to be even better for the sector with more regulatory clarity coming in from countries like the United States.
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.
