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Synopsis
Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option.
(Representative image)
(This story originally appeared in on Feb 10, 2021)CHENNAI: Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option.
Nischal Shetty, founder of Mumbai-based WazirX, a Bitcoin and cryptocurrency exchange and platform, said, “We saw transactions go up 300% after Tesla’s announcement.” Shetty tweeted “INR (rupee) deposit credit is delayed on WazirX. We’re getting a huge amount of deposit requests every minute. Please have patience, your deposit will be credited with some del