We have couple of large users/ partners plugged into our API. We offer some pretty neat addons for custom requests, etc and the rest of the trades are organic or bot based. This was an expected outcome as we built Coinsecure. India did lack infra for most of this. Our next few steps are gonna be even cooler in terms of adoption and volumes.
what do you mean by bot based trades? when we see volumes on coinsecure (exchange data) does each transaction mean at least one person involved was a human customer?
by users and partners you mean indian people and companies who had stock of bitcoins that offered to sell on Coinsecure? i am just struggling to understand how "bootstrapping" happened in such an enormous way when the volume of bitcion in india was so little. it was a real challenge, kudos to early bitcoin companies.
Humans run those bots
, through our api.The transactions and logic are set by users. We just provide the platform and tools to make that happen easily.
Really can't disclose more than this without getting into nitty gritties, that I wont be getting into
But the overall tempo of Bitcoin trades across India has improved dramatically. And its growing faster each day.
fair enough
i feel that if all the bitcoins we trade in india were india mined, then govt will not give any troubles. that will be a superb self sustained ecosystem. govt can later regulate foreign transfers if they want.and yes, it is obvious bitcoins is picking up seeing how companies like zebpay,unocoin,coinsecure,btcxindia are still up and running enthusiastically
obviously there seems to be a future.