TOP 10 CRYPTO EXCHANGES THAT ARE UNDER INVESTIGATION RIGHT NOW

TOP 10 CRYPTO EXCHANGES THAT ARE UNDER INVESTIGATION RIGHT NOW

 What has been a cause of concern for a majority of crypto investors is the investigation of crypto exchanges. A good number of Indian crypto exchanges are being investigated by the ED in the money laundering case. If you are curious to know which exchanges could be facing the ED then keep reading.

 

WazirX

There is no denial that WazirX is one of the fastest-growing cryptocurrency exchanges in India. Here, the users can buy a wide range of cryptocurrencies including Bitcoin, Ethereum, Ripple, etc. What have always been plus points for this exchange are its security and speed. However, recently ED’s investigation in the money laundering case has gotten everyone’s attention.

 

CoinSwitch Kuber

With a crystal-clear objective to democratize cryptocurrency investment, CoinSwitch Kuber has won the hearts of investors across the globe. With the ability to trade hundreds of cryptos, this crypto exchange has become famous in no time. if reports are to be believed, things might not be that smooth for it following the ongoing ED investigation.

 

Unocoin

This claims to be the first crypto asset and blockchain company in India. Though we cannot be cent percent sure that this crypto exchange, with over a million users, would be investigated too, chances will always persist.

CoinDCX

Well, CoinDCX has evolved to become one of the most versatile trading cryptocurrency applications in India. Its security feature is something that simply cannot go unnoticed. Wondering why?  Well, that’s because the users are required to verify themselves without which it is not possible to trade. In the midst of all this, one can only hope that this crypto exchange isn’t a part of the ED investigation.

 

Zebpay

Zebpay, as known to many, is one of the oldest cryptocurrency exchanges in India. Provide your KYC and sign up – it is that simple! Considering the current situation that’s ongoing in India, Zebpay might be investigated too!

 

BuyUcoin

BuyUcoin is yet another impressive cryptocurrency exchange app where you can buy, sell and store digital assets such as bitcoin, Polkadot, Ethereum, and Ripple, among others. It boasts of a wide range of interesting features such as real-time spot trading, a forever free wallet, cashback, and lifetime commission on referring someone.

Bitbns

Bitbns has over 100 cryptocurrencies listed and in no time has evolved to become one of the most preferred crypto exchanges by Indians. But, as Indian crypto exchanges seem to not have a good time right now, Bitbns might also be under some stress.

 

Colodax

One cannot deny how innovative Colodax is. Right from full-proof security, real-time order books, custom-built trading engine, and seamless trading experience, to regular security audits, Colodax has it all. This has become a favorite and the company surely doesn’t wish to go through the tiresome ED investigation.

 

Giottus

This cryptocurrency trading exchange promises the users of a seamless trading interface in addition to high liquidity, multi-lingual support, vigorous KYC verification system, state-of-the-art security technology, and cold wallet insurance. Undoubtedly, we wouldn’t want it to become a victim of the ongoing ED investigation about money laundering, right?

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.