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US President Trump's word of creating a national crypto reserve has got Indian investors hoarding crypto crypto exchanges posted a 20-30% increase in trading over 24 hours as of Monday evening. CoinSwitch said daily active users increased 20% and daily trading volumes rose 32%. On Mudrex, trading grew 30% while some investors booked profits as the market emerged from its consolidation from CoinMarketCap show that Solana (SOL) and XRP beat Bitcoin (BTC) to become the most traded coins on CoinDCX and held 46.7% of the platform's total reserves. A total of $84.6 million was traded in XRP, SOL, ADA, BTC on the platform. Overall, trading volume grew 10-fold, the company told ET. We experienced an unprecedented surge in traffic, briefly impacting the portfolio and P&L experience on our app. Our engineering team responded swiftly, restoring smooth functionality in less than an hour, CoinDCX a statement, CoinDCX added that India is already one of the nations with the highest crypto adoption rates, and we believe that further regulatory clarity could drive even more participation .After a 30% decline in recent weeks, crypto investment platform Giottus' cofounder Vikram Subburaj said average daily trading volumes have gone back to the highs of December, when Bitcoin reached a record high of $100,000. We have crossed the average daily trading volumes of $600,000 that we were doing in December, he India announced taxation on virtual assets in 2022, crypto trading volumes in the country had nosedived.
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