India contributed more than 10% of the BTC / USD traded volumes last month, according to data from ARK's Blockchain product leader Chris Burniske.
Reproducing a chart of major markets via Twitter on Thursday, Chris highlighted India's growing role in the forex market, which accounts for more than 10% of the total for the month until June 15.
Hello #India 🇮🇳 we've been expecting you! Very curious to see where this goes for #bitcoin. h/t @BKBrianKelly pic.twitter.com/9uacy5GZH9
Chris Burniske (@ARKblockchain) 15 de junho de 2017
India has witnessed a steady growth in the trade of bitcoin and other crypto-coins. Despite the mixed signals given by the country's central bank and government figures, rising uncertainty surrounding the rupee gave bitcoin a firm foothold among Indian investors seeking a safe haven.
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It's mind blowing to see the rate at which Bitcoin is being adopted around the world. I can't wait to see what the future holds, I'm not letting go of my Bitcoin's anytime soon!
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