To enter the Indian cryptocurrency industry, Bitay, a Turkish cryptocurrency exchange, has launched an office in Gurgaon.
According to Financial Express, Niyazi Yilmaz, CEO of Bitay, stated that they want to comply with all Indian crypto regulations and laws thoroughly and welcome the 30% income tax and 1% TDS on crypto transactions.
Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bangalore, Ahmedabad, Indore, Patna, Jaipur, and Lucknow are the major Indian cities Bitay has concentrated on. Furthermore, Yilmaz stated that the organization plans to reach out to Indian merchants and investors through their activities. After completing their KYC on Bitay’s platform, early customers will get an airdrop from the exchange.
Key Highlights:
- Bitay has already established a presence in Gurgaon, India, with a client base of one million.
- The exchange intends to reach out to people between the ages of 21 and 35 in the country’s largest cities.
According to Yilmaz, the exchange aims to reach out to the millennial age, which accounts for 30% of the population and earns 38% of the country’s total gross revenue. A few days ago, the exchange said on its Twitter handle in a tweet, “Namaste India. Our localization strategy starts with India.” He added, “our team will customize and personalize all our rewarding offerings by leveraging cutting-edge technology. We also want to introduce loyalty programs for our customers.”
Apart from India, Bitay plans to grow its presence in other nations, including the United States, England, the Netherlands, and Estonia, due to the great potential of Cryptocurrency activity in these areas.
Bitay now holds licenses in 12 states in the United States. Bitay, based in Istanbul, Turkey, is a cryptocurrency exchange platform that allows users to buy and sell crypto assets swiftly, safely, and efficiently using cutting-edge technology.
Besides cryptocurrency exchange activities, Bitay has established a robust ecosystem through projects and products such as the Bitay NFT platform, Bitay Visa Card, Bitay Game, and Bitay Academy.
