Trading volumes of crypto-exchanges WazirX, CoinDCX, ZebPay and Bitbns dropped by 70 per cent, 55 per cent, 15 per cent and 29 per cent between January and March, as per Crebaco, a credit rating agency for crypto exchanges and blockchains.
| Photo Credit:
Dado Ruvic

Cryptocurrencies such as Bitcoin and Ethereum, which have seen a steep all this year so far, are seeing some bounceback with a return in investor confidence, according to industry players, who attribute it to demand from institutions and lower volatility displayed by cryptos compared to safe-haven asset, gold.

Investor confidence in Bitcoin and Ethereum cryptocurrencies remains strong even as the…