siliconindia | |OCTOBER 20218THE INDIAN STRATEGY OF INVESTING IN CRYPTOBy si TeamINTRODUCTIONExchange rates or currency trading, more generally known as trading Crypto, is a decentralised worldwide economy. This is the market for buying and selling resources from various countries and economies. The Crypto market is one of the most competitive on the planet. The Crypto market is so large that daily trading volume reaches $5 trillion, far exceeding the global Crypto exchange. Consider the case where you want to benefit from the rising value of the BAT. For example, the BAT is currently trading at Rs.100. You believe that the price will rise and that it will reach the 110 mark in a few quarters. One can now purchase the BAT contract on the auction and take a long-term position. If the price increases to 110, you can make a profit of Rs.10 per coin.Crypto trade is the buying and selling of foreign curren-cies. When you trade internationally, you're doing Crypto transactions. For example, suppose you're commuting from India to the US. As a result, based on the exchange rate from both currencies, you had your Indian rupees convert-ed to US dollars. The exchange rate is extremely volatile and fluctuates often. Crypto trading necessitates in-depth knowledge of the economy and trading system, as well as certain lucrative skills. So, without any further delay, let us In focus
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