India reaches 10% of world trade of BTC/USD

India contributed more than 10% of the BTC / USD traded volumes last month, according to data from ARK's Blockchain product leader Chris Burniske.

Reproducing a chart of major markets via Twitter on Thursday, Chris highlighted India's growing role in the forex market, which accounts for more than 10% of the total for the month until June 15.

Hello #India 🇮🇳 we've been expecting you! Very curious to see where this goes for #bitcoin. h/t @BKBrianKelly pic.twitter.com/9uacy5GZH9

Chris Burniske (@ARKblockchain) 15 de junho de 2017

India has witnessed a steady growth in the trade of bitcoin and other crypto-coins. Despite the mixed signals given by the country's central bank and government figures, rising uncertainty surrounding the rupee gave bitcoin a firm foothold among Indian investors seeking a safe haven.