1. Indian exchanges are promoting themselves as being FIU-compliant (following financial regulations) instead of focusing on the main problems faced by users.
2. The real problems that users are experiencing are: a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade. b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly. c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges. d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading. e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities. f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it. g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.
To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
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