India, Sept. 7 -- With India witnessing an initial boom in cryptocurrency trading, registering an active crypto user base of over 15 Mn with more than $1.5 Bn in digital assets, US-headquartered digital currency exchange CrossTower has announced the launch of its crypto trading platform in the country.

The Indian cryptocurrency market grew from $923 Mn in April 2020 to a staggering $6.6 Bn in May 2021, which is an average of over 50% monthly growth, according to Chainalysis, a Blockchain data platform.

The company is following in the footsteps of market leader Binance, which entered India in 2019. Cross Tower will have to compete with key cryptocurrency players in India such as CoinDCX, Zebpay, and WazirX, among others.

As part of the ...