Indian digital commodities exchange BuyUCoin has announced it has officially introduced support for Bitcoin SV (BSV) with immediate effect, with two new trading pairs available for its customers.
Users of the exchange can now make use of BSV/INR and BSV/USDT trading pairs to allow for easier buying and selling of BSV for users in India.
The decision to support BSV comes at a time of strong growth in the Bitcoin ecosystem worldwide, with the fast-growing number of applications driving strong demand for BSV.
Established back in 2016, BuyUCoin is a trailblazer in Indian digital commodities, the first asset market, wallet service and OTC exchange of its kind to be founded in the country.
Jimmy Nguyen, founding President of Bitcoin Association, which advocates for BSV worldwide, said the announcement was an important next step in the growth of BSV across India.
“With the Bitcoin SV ecosystem expanding every day with new applications and services, we want to make the process of onboarding new users simple and accessible, so that everyone can experience the innovation made possible with a blockchain allowed to scale unbounded. That process just got easier with the introduction of a new fiat onramp to buy and sell BSV at BuyUCoin—an important next step in the growth of Bitcoin SV across India.”
Co-founder and CMO at BuyUCoin, Atulya Bhatt, said the exchange shared many of the same views on adoption and regulation as BSV, making the partnership a natural fit.
“At BuyUCoin, we are constantly working towards bringing blockchain and digital asset use mainstream. We do so with a focus on improving both adoption and regulation, so are looking forward to working with an innovative blockchain project that shares this vision.”
The move comes at a time of increasing adoption of Bitcoin by exchanges and other platforms, driven by sustained growth in user demand for access to BSV.