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.
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