Major crypto exchange firm from the US Kraken has reportedly revealed the plan to expand its offerings to the Indian market, right after the nation’ Supreme Court allowed banks to work with crypto-related firms again. 

Specifically, per Kraken, its operations in the Indian soil has been severely affected following the prohibition ruling from the government towards the Reserve Bank of India (RBI). Nonetheless, specific information on the firm’s initiatives for India is yet to be disclosed. 

“This is an incredibly emotional moment for India. Satoshi created Bitcoin because he felt that central banks were inefficient. The fact that the crypto industry just battled, and won, against the central bank located in the second-most populous country in the world is a massive achievement. We fought for 1.5 billion people to have the right to access crypto.” Sunny Ray – Kraken Global Business Development Director – shared the remarks regarding the news. 

Agreeing with its executive member, Kraken have high hopes for the upcoming future in the Indian market, and will be announcing more details regarding the freshly-made commitment with clients from India. 

Joining Kraken, Binance has also taken action to enter the Indian market, which has been initiated in November last year. The company has finalized its acquisition of local crypto exchange WazirX, adding the Indian rupees (INR) to its facilitated currency for trading crypto.