News: DeFi Tokens Are Becoming Quite Popular in India

[sneakyboi]

DeFi Tokens Are Becoming Quite Popular in India

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. Many understand that their bitcoin can be taken from them should the country work to ensure digital trading becomes a thing of the past.

Ariel Zetlin-Jones – associate professor of economics at Carnegie Mellon University – explained in a recent interview: These tokens are gaining a lot of heat in India as many traders are now viewing them as the ultimate way to stay anonymous while remaining within the trading spectrum. The exchange has recently listed roughly 16 separate DeFi tokens, of which 12 have hit top trading positions over the past few months.

Learn more about this news here.

What are your thoughts about this news? What do you think is the best reason why it is quite popular right now in India?

[EAA-ALLAH]

Yes brother India is a huge populated country in the world cryptocurrency market, the popularity of DeFi increaseing not only India but also others countries too. Investors from all parts of the world market themselves in DeFi.

[hair]

I think this is a way to get lots of investors and the crypto community. We know India has a very large population so it is very beneficial if DeFi is popular in India.

[Nostoman]

At present, India is a country with huge population. Where these DeFi projects are promoted and DeFi projects are promoted, the projects team will definitely benefit. I think that could be a good way. Because there are a lot of investors out there. So the project will be more likely to be successful.