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Rookies, pros take cryptocurrency trade volume to new high
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economictimes.indiatimes.comCryptocurrency exchanges have seen a spurt in trading volumes in the past two weeks as new investors joined the crypto wave and mature investors hedged their bets in a volatile market, even as the Indian government appeared to be moving toward bringing in regulation for the new asset class. Top exchanges saw a 50-150% month-on-month surge in trading volumes in November, driven by new sign-ups and diversification strategies of mature investors as volatility went up. The wider crypto market witnessed two mini crashes in the past four days, with Bitcoin down more than 17% from an all-time high of 68,521 scaled on November 5.
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Indians' investments in crypto grew from about $200 million to nearly $40 billion in the
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