Crypto-to-crypto trading: Beware higher volatility, avail of multiple bases

Why go for crypto-to-crypto trading at all and how does one profit from such trading? The cryptocurrencies that were launched later are technologically smarter than those that came earlier

On April 6, the Reserve Bank of India (RBI) asked banks to sever all ties with cryptocurrency exchanges.

Once the three-month deadline gets over and banks close down the accounts of cryptocurrency exchanges, it will become difficult for Indian investors to buy cryptocurrencies. Many exchanges in India are now offering their clients the option to trade between one cryptocurrency and another, instead of doing so between the rupee and a cryptocurrency. Investors should understand the risks of such trading before venturing into it.

Right now, the rupee is the base currency that investors use to purchase cryptocurrencies. In the new