KuCoin CEO Believes Indian Market Has Great Potential

Despite the fact that many cryptocurrency exchanges were forced to either leave the Indian market or limit their presence on it due to the tightening control over the cryptosphere and high taxes on market participants, KuCoin CEO Johnny Lyu believes India still retains the status of one of the most promising markets.

According to him, in the long term, it is this state that will enter the list of leaders in terms of the rate of adoption of digital currencies.

The KuCoin exchange is not only not going to leave the Indian market, but on the contrary, it will strengthen its position in this country.

He has emphasized:

“Regardless of the current situation, we are still looking far into the future. I believe that with the long-term funding of the KuCoin infrastructure in the Indian market, we expect it to expand.”