Indian Bitcoin exchange and wallet provider Zebpay has experienced an exponential growth in its user base over the past 12 months. Recently, the company reached a major milestone of 500,000 mobile Android users, a mobile user base that is larger than all the mobile applications of Bitcoin exchanges and service providers in South Korea combined.
Such metric is important to assess the actual growth rate of the Indian Bitcoin exchange market and industry as South Korea is the fourth largest Bitcoin exchange market with a market share of nearly 10 percent and a $63 mln daily trading volume. In contrast, the Indian Bitcoin exchange market accounts for around one percent of the global Bitcoin exchange market with a relatively small daily trading volume.
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