“As we reflect on the year, the crypto industry has experienced a captivating journey, marked by significant milestones and transformative growth. The engagement of the Indian government and the regulatory discussions at the G20 summit have been pivotal moments, signaling a positive stride towards a more cohesive global regulatory framework for the crypto industry. India’s presidency at G20 underscores the country’s dedication to fostering a secure and innovative digital economy. According to Chainalysis’ 2023 Global Crypto Adoption Index, India emerged as the leader in grassroots crypto adoption. These international discussions and initiatives indicate the importance of responsible regulations in shaping the industry’s future. Bitcoin, Ethereum, and several major crypto assets have seen immense growth since the start of 2023. Bitcoin’s Year-to-Date growth currently stands at 165% which marks a clear shift in the sentiment towards Crypto. 2023 was a year of organic and sustained growth that effectively positioned the market at a healthy spot for the year to come.
Looking ahead to 2024, there is considerable excitement within the crypto community regarding the upcoming Bitcoin halving event and several innovations taking place in the Defi space. The approvals of Spot ETF applications filed by various institutional investors is also another key event the industry is looking forward to. The industry’s success in the coming year will hinge on fostering a sense of security among consumers. Transparency, strong ethics, and values will be the guiding principles for businesses to thrive amidst the dynamic crypto landscape. We will continue to provide a secure and user-friendly platform, educate and empower our users, and provide them with diverse crypto tokens to facilitate their journey towards financial freedom.”
