Amazon, one of the world’s leading e-commerce companies, is providing services to customers all over the world, including in India, and now there are reports that the next step is to enter the crypto market.
It is known that crypto currency trading has been gaining popularity among the people for the last few years but at the same time the value of cryptocurrencies has decreased in reverse last year and the value of those who have invested in it has decreased tremendously.
However, it is worth noting that even though the cryptocurrency market is a mess, there are still some people who are very interested in cryptocurrency trading. At this stage, global ecommerce giant Amazon’s entry into the crypto market seems to be a sign of hope for traders.
Amazon is reportedly planning to enter the crypto market with its own NTF market next month. It is said that Amazon is planning to launch NTF market next month and the date will be announced soon.
It is said that Amazon is going to introduce a new feature called Amazon Digital Market Place where cryptocurrency trading will be allowed on this platform. In the first phase, Amazon plans to provide this crypto service only to its American customers, and after that, it is gradually expanding this service to the whole world, including India.
Information on how to trade cryptocurrencies can be found by clicking on the Amazon Digital Marketplace feature on the NTF website and it is said that trading cryptos can only be done with an Amazon account and credit card.
It is worth noting that Amazon had planned to launch NTF services last year, but the sudden fall in the value of the cryptocurrency put Amazon on hold. As the crypto market has been hugely embraced by the youth around the world, this new initiative of Amazon is expected to be a huge success. But it is worth noting that economic advisors continue to say that investing in the crypto market is not safe.