Indian cryptocurrency exchanges are in survival mode, cutting costs wherever possible, renegotiating partner contracts, suspending employee pay raises, conducting layoffs, exploring new revenue models, and rebranding themselves in an effort to extend their financial runways – when they run out of money. CoinDesk met with staff and executives from six major Indian cryptocurrency platforms: CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay, and Giottus. Several of these exchanges have stated that their runways vary from 21 months to four years, which, if true, will most certainly take them into the next bull market. CoinSwitch and ZebPay did not provide CoinDesk with financial runway timelines.