Indian Bitcoin exchanges urge investor restraint in highly volatile market

While prices of the crypto currency have crashed globally, it is trading at a 20% premium in India

Bitcoin prices have shed 20 per cent the past three days from about $5,000 per unit in international market to $4,030 on Tuesday morning. In India, however, investors are rushing to buy the crypto currency and domestic prices are quoted at 20 per cent premium.

The country's leading Bitcoin exchange, Zebpay, issued an advisory to investors saying, "Due to high demand and low supply of Bitcoins, both buying and selling prices are higher in India compared to international prices." It warned investors to observe caution while buying or selling the currency, as prices are volatile.

Unocoin, another Indian Bitcoin exchange, has also put