Despite government concerns, Bitmex begins spot trading in India

Coinbase, a competitor exchange, recently had a sour experience after beginning its India operations, as it was forced to halt buy orders due to payment difficulties with the country's Unified Payments Interface (UPI).

Despite government concerns, Bitmex begins spot trading in India
Photo by Kanchanara / Unsplash

Bitmex, one of the world's top global cryptocurrency exchanges, is commencing spot trading in India on Tuesday amid the havoc in the cryptocurrency world and an adverse regulatory situation.

The exchange is launching spot trading in India despite the government being dismissive of cryptocurrency and placing a high tax rate on cryptocurrency profits.