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Bitcoin breaches $10,000-mark; here are 7 exchanges that facilitate trading

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  • Bitcoin breaches $10,000-mark; here are 7 exchanges that facilitate trading

    After several weeks of trading in narrow ranges, bitcoin breached $10,000-mark on July 27 for the first time since early June. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the virtual currency went through its third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. In 2018, the RBI had put a blanket ban on trading in cryptocurrency. However, the order was set aside by the Supreme Court this year in March. Here is a list of exchanges that allow trading in cryptocurrencies:

    WazirX |

    The exchange is operated by Binance, one of the largest cryptocurrency exchanges in the world. WazirX has gained traction among Indian investors for its easy-to-use interface and low-cost structure (0.2 percent), however, it has an orderbook that some new users may find hard to use.

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    In 2018, the RBI had put a blanket ban on trading in cryptocurrency. However, the order was set aside by the Supreme Court in March this year.
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