Indian bitcoin exchanges have been busy for the past few weeks.
But what’s behind the activity?
The BCH trading exchange, the first of its kind in the world, is currently being used by about 1,200 customers, including Indian startups.
It’s been used by more than 500 individuals, with the most active user base, according to a recent report by data analytics firm iStock.
Its growth has been fueled by a surge in Bitcoin prices and by people trading bitcoin for goods and services.
The market has seen a spike in Bitcoin-related activity as people get excited about the digital currency’s promise of instantaneous payments and other possibilities.
But the BCP has faced hurdles, with many exchanges only accepting Bitcoin for orders.
With Bitcoin’s value surging to about $1,600 per coin, it’s been hard for the exchange to sustain the traffic.
While the exchange’s traffic has slowed down, it has continued to see people use the exchange for other things.
BCP’s popularity has also increased as people are increasingly interested in trading bitcoin, such as getting online in India.
“Bitcoin has become a popular way to invest in the Indian economy.
We are seeing a big growth in trading activity with more and more users,” said N. Chandrasekaran, managing director of the Banchra Group, a venture capital fund.
This week, Banchras raised a $200 million Series B round.
In the meantime, the Indian Bitcoin community has also been finding new ways to make Bitcoin payments.
For example, on Sunday, a group of young Indians came together to make a live-streamed video in which they bought Bitcoins in a local bank using the exchange.
Many people were interested in getting Bitcoin payments for food and other things, as well as to buy things from other exchanges, according the Bancor news service.
On Thursday, Bancors said it has started accepting Bitcoin payments in India, and it has already raised $20 million in funding from a range of investors.
As more people get into Bitcoin, the Bitcoin ecosystem in India will grow.