Technology
India’s Consumer Electronics and Home Appliances Market to Grow by USD 1.93 Billion (2024-2028), Driven by Government Initiatives, AI Powered Insights by Technavio
Published
2 years agoon
By
NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The consumer electronics and home appliances market size in India is estimated to grow by USD 1.93 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 1.1% during the forecast period. Growth in government initiatives for electronic products is driving market growth, with a trend towards adoption of smart and advanced features in home appliances. However, compliance costs in consumer electronics and home appliances poses a challenge. Key market players include AB Electrolux, Arcelik A.S., Bajaj Electricals Ltd., ENERGIA APPLIANCES PVT. LTD., General Electric Co., Haier Smart Home Co. Ltd., Hitachi Ltd., Irobot Corp., Koninklijke Philips N.V., LG Electronics Inc., Midea Group Co. Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Group Corp., Toshiba Corp., Transform Holdco LLC, Usha International Ltd., and Whirlpool Corp..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report
Consumer Electronics And Home Appliances Market Scope In India
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 1.1%
Market growth 2024-2028
USD 1932.3 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
1.07
Regional analysis
India
Performing market contribution
APAC at 100%
Key countries
India and APAC
Key companies profiled
AB Electrolux, Arcelik A.S., Bajaj Electricals Ltd., ENERGIA APPLIANCES PVT. LTD., General Electric Co., Haier Smart Home Co. Ltd., Hitachi Ltd., Irobot Corp., Koninklijke Philips N.V., LG Electronics Inc., Midea Group Co. Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Group Corp., Toshiba Corp., Transform Holdco LLC, Usha International Ltd., and Whirlpool Corp.
Market Driver
The Indian consumer electronics and home appliances market is witnessing significant growth due to the increasing preference for convenience and the emergence of smart home technology. Smart appliances, such as washing machines, refrigerators, and air conditioners, are becoming increasingly popular as they can be monitored and controlled remotely via smartphones. The Internet of Things (IoT) is a key driver of this trend, enabling interoperability between devices through wireless technologies like ZigBee and Wi-Fi. Smart washing machines, for instance, offer advanced features like Nest Learning Thermostat, enhanced self-diagnostics, and smart grid-ready capabilities, allowing consumers to optimize energy usage and save on electricity costs. Key competitors are responding to this trend by commercializing smart appliances, promoting them effectively, collaborating with platforms and internet providers, and adopting an omnichannel retailing strategy. The growing demand for energy conservation and rising electricity costs are further fueling the adoption of smart home appliances in India. As a result, the market for consumer electronics and home appliances in India is expected to continue growing during the forecast period. Companies are focusing on designing and producing more efficient and intelligent appliances to meet the evolving needs and preferences of consumers.
The Indian Consumer Electronics and Home Appliances market is witnessing significant trends. Imports have increased due to raw material price fluctuations. E-commerce platforms like Flipkart and Amazon dominate sales, driving growth in the sector. The IT industry’s demand for skilled IT labor fuels the smartphone segment. Specialty stores and B2C enterprises compete with e-commerce, offering unique selling propositions. Household appliances are in high demand due to increasing consumer spending. Industry associations conduct surveys to understand performance factors and consumer preferences. Exponential trend smoothing indicates an exponential growth trend. Current exchange rates impact imports, while ad hoc policies affect representativeness. Electricals, IoT technology, and emerging technologies like Artificial Intelligence, Augmented Reality, and Virtual Reality are key trends. The youth population, internet penetration, per-capita income, and high-income households drive demand. Rural areas present opportunities, but electronics component shortages and semiconductor supply issues persist.
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Market Challenges
The consumer electronics and home appliances market in India is experiencing an escalating cost burden due to the evolving regulatory landscape. The mandatory implementation of various compliance requirements, such as BEE Star rating compliance, BIS testing and certification, and environmental norms, adds to the production costs. The BEE Star rating compliance, which aims to promote energy-efficient appliances, has been a significant challenge due to the frequent changes in standards. The downgrading of existing highly rated appliances and the delay in BIS testing and certification, along with the increasing fees, contribute to the rising production costs. Furthermore, the lack of clarity in the implementation of environmental compliance and the uncertainty around policy changes increase the overall compliance costs. These factors ultimately impact consumer demand by making products less affordable. Despite the challenges, it is essential for the industry to adhere to these regulations to ensure product quality and consumer safety. However, the rapid and frequent changes in compliance requirements can hinder market growth during the forecast period.The Indian consumer electronics and home appliances market face several challenges. Import duties on electronics and fluctuating raw material prices impact profitability. E-commerce giants Flipkart and Amazon disrupt traditional sales channels, especially for B2C enterprises. The IT industry’s demand for skilled IT labor affects the manufacturing sector. The smartphone segment dominates consumer spending, but specialty stores struggle to compete. Industry associations conduct surveys to understand performance factors, including number of households, consumer spending, and current exchange rates. Exponential trend smoothing helps analyze market trends on an ad hoc basis. Electricals, IoT technology, and emerging technologies like Artificial Intelligence, Virtual Reality, and Augmented Reality drive growth. Rural areas and semiconductor shortages pose challenges. Mi Home app, electronics components, and microcontrollers are essential for IoT integration. The youth population, internet penetration, per-capita income, and high-income households influence purchasing power parity.
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Segment Overview
This consumer electronics and home appliances market in India report extensively covers market segmentation by
Product1.1 Consumer electronics1.2 Home appliancesDistribution Channel2.1 Offline2.2 OnlineGeography3.1 APAC
1.1 Consumer electronics- The Indian consumer electronics and home appliances market witnessed significant growth in recent years. Brands introduced various innovative products catering to diverse consumer needs. Sales increased due to rising disposable income and urbanization. E-commerce platforms and retail stores contributed to the market’s expansion. Consumers showed preference for energy-efficient and affordable products. Brands focused on after-sales service and customer satisfaction to retain market share.
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Research Analysis
The Consumer Electronics and Home Appliances market in India is witnessing an exponential growth, driven by several factors. The large youth population and increasing internet penetration are key catalysts, with over 700 million internet users expected by 2025. India’s per-capita income is also on the rise, boosting the purchasing power of consumers. High-income households are increasingly investing in advanced technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR), and emerging technologies. The number of households in India is projected to reach 324 million by 2026, creating significant opportunities for market growth. Industry associations, such as the Consumer Electronics and Appliances Manufacturers Association of India (CEAMA), are actively promoting the sector. According to a recent survey, performance factors like energy efficiency, durability, and affordability are important considerations for consumers. Brands like Haier Smart Home and LG Electronics are leading the charge in this dynamic market. Consumer spending on consumer electronics and home appliances is expected to grow at a CAGR of 12% from 2021 to 2026, according to Exponential Trend Smoothing analysis.
Market Research Overview
The Consumer Electronics and Home Appliances market in India is experiencing significant growth, driven by the large youth population, increasing internet penetration, and rising per-capita income. High-income households, with purchasing power parity, are showing a strong interest in emerging technologies such as Artificial Intelligence, Internet of Things, Augmented Reality, and Virtual Reality. The market is also witnessing a growth in demand for microcontrollers and semiconductors. The electronics component shortage is a challenge for the industry, leading to imports and raw material price hikes. E-commerce platforms like Flipkart and Amazon are playing a crucial role in the market’s growth, with B2C enterprises and speciality stores also contributing. The IT industry, with its skilled IT labour, is a key player in the development and distribution of consumer electronics. The smartphone segment is leading the way in consumer spending, with exponential trends in sales. Industry associations are conducting surveys to understand performance factors and consumer preferences. The number of households and consumer spending are expected to continue the market’s growth trajectory. Current exchange rates and ad hoc basis analysis should be considered when evaluating market representativeness. Electricals and IoT technology are key areas of focus, with the Mi Home app being a popular choice for smart home solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductConsumer ElectronicsHome AppliancesDistribution ChannelOfflineOnlineGeographyAPAC
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Technology
Best Accounting Software for Medium-Sized Business UK (2026): QuickBooks Advanced Recognised as a Scalable Finance Platform for UK Mid-Market Businesses by Consumer365
Published
1 day agoon
May 9, 2026By
NEW YORK, May 9, 2026 /PRNewswire/ — As demand for scalable financial tools grows, attention is shifting towards the best accounting software for medium-sized businesses in the UK in 2026, as organisations face increasingly complex accounting requirements. Consumer365 has recognised QuickBooks as a cloud-based platform supporting more structured financial management, reflecting a wider focus on improving automation, visibility, and compliance readiness.
Best Accounting Software for Medium-Sized Business UK
QuickBooks – developed as a cloud-based accounting platform, it enables medium-sized businesses to manage financial operations, automate core accounting processes, and maintain compliance with UK regulatory requirements.
Growing Demand for Scalable Financial Systems in the UK Mid-Market
Medium-sized businesses in the UK are operating in an environment where financial management is becoming increasingly complex. Growth introduces additional reporting layers, heightened regulatory expectations, and the need for consistent financial oversight across departments.
Traditional accounting methods are often no longer sufficient under these conditions. Spreadsheet-based systems and entry-level tools can struggle to deliver accurate, timely insights. This creates visibility gaps that can impact planning and decision-making.
QuickBooks has been identified within this context as a platform designed to support more structured financial management. Its positioning reflects a broader shift towards systems that centralise financial data and reduce fragmentation across business operations.
QuickBooks Positioned as a Scalable Financial Platform
QuickBooks operates as a cloud-based accounting system developed by Intuit. It is designed to support businesses that require more than basic bookkeeping functionality, focusing on helping organisations manage financial processes in a more connected and scalable way.
A key aspect of its design is the ability to consolidate financial information within a single system. This allows businesses to manage invoicing, expenses, reporting, and cash flow tracking without relying on multiple disconnected tools.
The platform is also structured to support growth. As businesses expand, financial operations often become more distributed across teams. QuickBooks enables multiple users to work within the same system while maintaining structured access controls, helping ensure consistency and oversight as complexity increases.
Financial Visibility, Automation, and Operational Control
One of the central functions of QuickBooks is improving financial visibility across business operations. Real-time data access allows organisations to monitor cash flow, expenses, and overall financial performance without waiting for end-of-period reporting cycles.
Automation plays a significant role in reducing manual workload. Financial processes such as invoicing, transaction categorisation, and expense tracking can be streamlined, reducing reliance on repetitive manual input and supporting more consistent financial records.
Operational control is reinforced through structured user permissions. Businesses can assign access levels based on roles, ensuring financial data is managed securely while still enabling collaboration across departments. This structure is particularly relevant for medium-sized organisations where multiple teams interact with financial systems.
Integration, Compliance, and System Connectivity
QuickBooks is designed to integrate with a range of business tools commonly used by UK organisations. These include payroll systems, customer relationship management platforms, and other operational software. This level of connectivity helps ensure that financial data remains consistent across systems.
Compliance is also a core part of the platform’s structure. UK businesses must meet specific regulatory requirements, including VAT reporting and Making Tax Digital standards. QuickBooks includes features that support these obligations within the system, reducing the need for manual compliance processes.
By aligning financial reporting with regulatory standards, the platform helps organisations maintain accurate records while reducing the administrative burden associated with tax and compliance requirements.
Operational Impact and Long-Term Financial Structure
As businesses grow, financial systems often become central to overall operational structure. Decisions related to hiring, investment, and expansion rely on access to accurate and timely financial data. Systems that lack integration or real-time visibility can slow decision-making and introduce inefficiencies.
QuickBooks supports a more structured approach by centralising financial information. This reduces fragmentation and helps ensure consistency across the organisation. It also supports continuity, minimising the need for frequent system changes as businesses scale.
The platform is designed to adapt to increasing complexity over time. As transaction volumes grow and reporting requirements expand, it remains stable while accommodating additional users and workflows.
This approach aligns with the needs of medium-sized businesses transitioning from smaller-scale operations to more advanced financial environments.
Market Context and Financial Management Trends
The recognition of QuickBooks reflects broader developments in financial technology adoption among UK medium-sized businesses. Organisations are increasingly prioritising systems that improve efficiency while reducing operational complexity.
Financial management is no longer limited to recordkeeping. It has become a core business function that influences strategic planning and overall performance. As a result, platforms that provide integrated financial oversight are becoming more relevant across a wide range of industries.
QuickBooks fits within this shift by offering a system that combines core accounting functionality with workflow automation and reporting capabilities. This supports businesses that require both day-to-day financial management and longer-term planning tools.
The emphasis on scalability also reflects changing expectations in the mid-market sector. Businesses are seeking platforms that can grow with them, rather than systems that need to be replaced as operational requirements evolve.
Conclusion
Consumer365 has recognised QuickBooks as a relevant financial platform for medium-sized businesses operating in the UK in 2026. The recognition highlights its focus on scalability, financial visibility, and structured operational control.
The platform is positioned to support organisations as they move beyond basic accounting systems and adopt more integrated financial management structures. Its emphasis on automation, compliance support, and system connectivity aligns with the operational needs of growing businesses.
As financial complexity continues to increase across the mid-market sector, tools that centralise financial data and support real-time decision-making are becoming more widely adopted. QuickBooks represents one of the platforms contributing to this shift towards more structured financial management approaches.
To read the full review, please visit the Consumer365 website.
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
About Consumer365.org: Consumer365 provides consumer news and industry insights. As an affiliate, Consumer365 may earn commissions from sales generated using links provided.
Disclaimer
Where AI content is used: This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, functionality are subject to change without notice.
General content disclaimer: This information is provided free of charge and is intended to be helpful to a wide range of businesses. Because of its general nature the information cannot be taken as comprehensive and they do not constitute and should never be used as a substitute for legal, accounting, tax or professional advice. Intuit cannot guarantee that the information applies to the individual circumstances of your business. Despite our best efforts it is possible that some information may be out of date.
Any reliance you place on information found on this site or linked to on other websites will be at your own risk. You should consider seeking the advice of independent advisers and should always check your decisions against your normal business methods and best practice in your field of business.
SOURCE Consumer365.org
Technology
BOE continues to launch new products and solutions in the field of high-end displays
Published
1 day agoon
May 9, 2026By
LOS ANGELES, May 9, 2026 /PRNewswire/ —
1、Redefine Visual Experience with Scientific Standards! BOE Releases Core Research Findings on OLED Display Clarity-Legibility Index, Paving the Way for the Industry’s First Transparent Pro Standard to Deliver Supreme Visual Experience
With the rapid popularization of OLED display technology, basic screen indicators including resolution, color gamut and brightness keep improving. Meanwhile, display transparency — a core experience metric that determines visual comfort , image authenticity and premium visual quality — has drawn growing attention across the industry.
Recently, BOE has empowered the launch of the industry’s first flagship high-transparency OLED display panel, setting an industry-leading benchmark in four key dimensions: color, depth , clarity and dynamic range. It ushers high-end display into a new era, shifting from purely numerical technical specifications to ultimate user-centric visual experience.
In addition, BOE officially unveiled its in-depth research achievements on OLED display transparency. It has identified the core underlying factors affecting visual transparency through scientific research, pioneered the industry’s first display transparency index formula, and facilitated the release of the first authoritative evaluation standard for OLED display transparency. This marks an industry’s transformation from specs-oriented to experience-driven development. This marks a full-process breakthrough covering underlying technical analysis, scientifically guided image quality development and mass production application.
At present, the group standard 《Standard of Associations Organic light emitting diode display —Evaluation method for display clarity》, led and formulated by BOE based on relevant research outcomes, has been officially issued. As the world’s first dedicated evaluation standard focusing on OLED display transparency, it fills the long-standing industry gap in correlating subjective visual perception with objective image quality parameters.
Leveraging this standard and transparency research results, BOE has assisted partners in developing the industry’s first flagship high-transparency OLED screen. The company has built a comprehensive technical system for OLED visual transparency. Supported by cutting-edge technologies such as tandem, LTPO and high-precision Demura crosstalk optimization algorithms, BOE and its partners have carried out full-link optimization from display panels to end devices.
Going forward, BOE will continue to deepen research on display human factors engineering and visual experience. Through technological innovation and standard leadership, it will bring more ultimate, high-transparency premium display experiences to users worldwide.
2、BOE Beneficial “Natural” Light Technology (BNL): Solving Visual Health Pain Points and Leading the Display Industry Trend
In an era of ubiquitous displays, users are spending increasingly longer hours on screens. Nevertheless, the luminous properties of conventional displays poorly align with the human visual system, sparking widespread consumer concerns over visual health. To address such challenges, BOE draws inspiration from natural light. By deeply analyzing natural light and extracting beneficial features highly consistent with health and comfort, BOE established the Beneficial “Natural” Light Technology (BNL) architecture. Evolving from single technical upgrades to a systematic solution, BNL replicates the merits of natural light across four core dimensions: Depolarization Adjustment, Spectrum Optimization, Light Profile Optimization and Time-varying Adaptation, advancing display technology toward healthy viewing.
BNL & Visual Health
Depolarization Adjustment: The linearly polarized light of traditional displays causes targeted stimulation to retinal lutein, resulting in dry eyes, eyelid redness and other discomforts. Based on the mainstream Circular Polarization (QWP) solution, BOE BNL has developed a series of technologies like BSF/RDF Random Depolarization technology and un-Polarization,which convert linearly polarized light into randomly polarized light, enabling balanced lutein utilization across the entire visual field, and deliver natural-light-level eye protection.
Spectrum Optimization: Conventional narrow-band RGB spectra feature poor continuity and imbalanced energy distribution, with excessive high-energy blue light that induces eye strain and increases risks of macular damage. Beyond Low Blue Light solutions, BOE BNL has developed Natural-like Spectrum, Beneficial Red Light, Infrared Light and Circadian Rhythm technologies. Multiple clinical studies have verified that Beneficial Red Light and Infrared Light can effectively inhibit axial elongation and accelerate eye microcirculation. BOE takes the lead in integrating such optics into displays,achieving a spectral distribution matching degree of over 60%, an energy ratio of Beneficial Red Light (650–670 nm) exceeding 50%, and independent on/off switching and energy adjustment of Infrared Light. Meanwhile, Circadian Rhythm technology regulates melatonin secretion to safeguard sleep quality. Shifting from passive harm reduction to active eye benefits, BOE BNL delivers all-round visual health protection.
Light Profile Optimization: Conventional screens are prone to surface reflection and glare, which interfere with visual recognition and cause cumulative eye fatigue. Powered by industry-leading Anti-Glare, Low Reflection and Wide Viewing Angle technologies, BOE BNL accurately simulates the diffuse reflection of natural light to deliver consistent visual comfort across diverse viewing angles. For instance, BOE UB Cell technology achieves a DGR value below 5 with negligible glare and reflection, ensuring sustained visual comfort.
Time-varying Adaptation: Conventional displays tend to produce low-frequency flicker and fixed brightness and color temperature that fail to adapt to ambient changes, forcing frequent eye muscle adjustments and leading to discomfort. By adopting Flicker Free and Light Self-adaptive technologies, BOE BNL delivers stable, ultra-smooth visuals that replicate the comfort of natural light.
SID 2026: BOE Launches New BNL Display Products
At SID Display Week 2026, BOE launched new BNL health display products. The highlight product is the industry’s first 13.8-inch BNL health display tablet. It integrates all four core dimensions,supported by 7 core BNL technologies, to deliver a healthy and comfortable visual experience.
As a global leader in the display industry, BOE has led the development and officially issued the world’s first “Natural Light” display standard via the Zhongguancun Standardization Association,and has jointly issued the White Paper on Natural Light Display Technologies (Engineering Considerations, Application Value and Challenges) with TÜV Rheinland to drive standardized and high-quality industrial development. In the future, BOE will continue to iterate on technologies, diversify product forms and application scenarios, advance the grading standards for Beneficial “Natural” Light displays, and protect users’ visual health.
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SOURCE BOE Technology Group Co., Ltd.
Technology
BitradeX BXC First Two Subscription Rounds Sell Out, Total Subscriptions Exceed 14M USDT
Published
1 day agoon
May 9, 2026By
LONDON, May 9, 2026 /PRNewswire/ — BitradeX Capital’s ecosystem equity token, BXC, has completed its first and second subscription rounds, selling a total of 50 million BXC with subscriptions exceeding 14 million USDT. The first round sold out in 90 seconds, while the second closed within 48 hours.
While the fundraising size is not unusually large by crypto standards, the structure of the sale has attracted market attention. The first two rounds were not open to the public, but limited to high-tier BitradeX users. The first round was available only to V5 users and above, while the second round expanded access to V3 users and above.
According to BitradeX’s tier system, V3+ users typically have higher recurring investment activity through AiBot, longer platform usage history, and stronger ecosystem participation. This means the early BXC allocation was absorbed mainly by the platform’s internal high-value user base, rather than short-term speculative participants.
This approach differs from many token fundraising campaigns that prioritize broad public participation and market hype. BitradeX instead adopted a more selective, staged model, gradually lowering the participation threshold while keeping the sale within its active ecosystem community.
BXC is positioned as more than a standard platform token. Its value framework is linked to BitradeX Capital’s broader ecosystem, including its exchange business, AiBot quantitative strategies, BTX Card payments, and Labs incubation platform. Public information indicates that BXC holders may receive staking rewards, benefit from ecosystem buybacks and burns, and gain priority access to Launchpad projects and governance participation.
The third subscription round is launched on April 30 at $0.35 USDT per BXC, with a total supply of 100 million BXC. It is now open to users participating in AiBot recurring investment. The fourth round price is expected to rise to $0.45 USDT.
The long-term value of BXC will ultimately depend on the growth of BitradeX’s underlying businesses, including exchange profitability, AiBot user expansion, and BTX Card adoption. However, the rapid sellout of the first two rounds suggests that BitradeX’s core user base has already shown strong confidence in the ecosystem’s future.
View original content:https://www.prnewswire.com/news-releases/bitradex-bxc-first-two-subscription-rounds-sell-out-total-subscriptions-exceed-14m-usdt-302767467.html
SOURCE BitradeX Capital
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