MTCX India

In order to understand the exchange rate in India, you will need to learn the difference between brokers and free trading platforms. Any broker on the crypto exchange is able to configure and alter their prices by a fine margin. They must specify in their terms and conditions that they maintain high prices for buying and lower prices when selling in order to prevent panicked or rushed trades. When this system is maintained they preserve the liquidity of the exchange platform and hence mitigate risks that could incur. So a broker buys or is sold a cryptocurrency, and then sells the same coin later to another buyer at a higher price. This is the reason why many people do not like trading through brokers or buying their coins from them due to exorbitant pricing and bigger buying selling difference. An alternative to brokers is the free trading platforms out there open to crypto traders. These trading platforms do not own any coins as their primary function is the help facilitate the...

What are Travel Monopolies? Travel booking platforms like Expedia or Yatra are some of the most visited sites for making hotel and travel reservations online. Although they may seem decentralized, the monopoly that they hold in the travel industry is quite significant. The previous method of travel or transport in the past would be to go to a travel agency office and do the bookings there. With this system, the middlemen would make huge commissions and large scale businesses could form alliances to promote themselves over other companies. Over the years travel agencies went online leading to Expedia and Booking.com among many more. They essentially do the same thing just on a different platform. However, the new option or P2P accommodation booking like Airbnb, made a dent in the industry and making renting and staying inexpensive and convenient for everyone. Although the rise of Airbnb has changed the way people do online bookings, it is a cen...

The startup industry has seen an increase in ICOs or Initial coin offerings, as a form of fundraising for their projects. In India, there is yet no regulation on ICO and many startups have been able to collect around $200 million in just a few normal ICO sessions. Startups from all over the world have collectively accumulated up to $3.7 billion in 2017 as reported by audit firm EY. Many of these contributors are India based, as a lot of Indian startups have caught on to the trend.                                        The concept of an ICO is not so different from that of an IPO or Initial Public Offering. Instead of giving away shares from the company, businesses will give their investors crypto-tokens. The investors, in exchange for the tokens, invest the cryptocurrency of their choi...

The emergence of cryptocurrency in India dates back to 2013 when a pizza enterprise in Mumbai allowed the use of Bitcoin as payment. Henceforth the movement towards digital payment methods has taken effect, leading to a rise in cryptocurrency exchanges and ventures allowing its use. With a large youth population in India today, it is inevitable that there will be a digital takeover of erstwhile paper transactions. That does not mean that a formal unexploited mode of payment will coexist with the Indian financial system without any regulation from the government. It brings about a huge economic change and burden on old-school investors with it, necessitating Indian official interference. Thus created a unique Indian context for cryptocurrency but despite the obstacles, it is currently in full bloom. Cryptocurrency for Digital India There are around 200 thousand cryptocurrency traders entering the market each month and over past year approximately 3.5 billion dollars in t...