The state government aims to further their commitment to make Telangana the ‘Blockchain Capital of the World’, a press release said.
Siddharth Menon, COO and Co-Founder at WazirX tweeted, “Big day for crypto in India. I am feeling more positive.”
The market capitalisation of the global crypto market has already hit $3 trillion. In India, one of the crypto exchanges WazirX has recorded a trading volume of over $36 billion in 2021
One of the crypto exchanges WazirX has recorded a trading volume of over $36 billion in 2021 with an average of 44% month-on-month growth.
This investment makes the crypto start-up the second crypto unicorn and the most valuable cryptocurrency company in India valued at $1.9 billion.