[Taklimakan Blog] Bitfinex, KuCoin, and Kraken Prepare for Expansion into the Indian Market
Major cryptocurrency exchanges are looking to enter the Indian market despite the uncertainty in the regulation of the local crypto market
Bitfinex, Kraken, and KuCoin are exploring the possibility of entering the Indian market. This is reported by Reuters, citing sources close to the exchanges. According to preliminary information, one of the three exchanges is already negotiating a takeover with a local firm. However, details were not disclosed.
“These companies [exchanges] have already begun negotiations to better understand the Indian market and entry points,” said a spokesman for an unnamed firm.
The other two exchanges, according to the same source, are also considering entering the Indian market. While the exchanges are studying the need to create a subsidiary or take over local firms. None of the three crypto exchanges have officially commented on the post.