Below the top three INR P2P venues sit KuCoin, HTX, and Bitget — each with a small but real Indian merchant base. They're not the first stop, but knowing when to check them sharpens your overall pricing.
KuCoin
KuCoin's INR market is small (~50-150 active merchants). The platform was briefly blocked in early 2024 but registered with FIU-IND and resumed shortly after. Spread tends to be wider than Binance during peak hours.
Best use case: KuCoin is sometimes the only venue with a particular regional payment method (Paytm, PhonePe variants) that doesn't show up on the bigger platforms.
HTX (formerly Huobi)
HTX has a thin INR market but occasional liquidity windows where the spread compresses to <0.4%. Worth a quick check during overnight hours when Binance widens.
Bitget
Bitget is growing fast in India, especially among younger traders. Newer merchants on Bitget price aggressively to build reputation — you can occasionally find rates 20-40 paise below Binance.
Trade-off: completion rates on new Bitget merchants are lower (90-95% vs 98%+ on Binance veterans). Plan for higher dispute frequency.
Key takeaways
- KuCoin: niche, useful for unusual payment methods.
- HTX: thin but occasional tight-spread windows overnight.
- Bitget: growing, aggressive new merchants, but watch completion rates.
- All three FIU-registered since 2024.
