In March 2020, When Supreme Court Removes the Ban Imposed by the Reserve Bank of India on Cryptocurrency. Then People Starts Taking Interest in Investing in Cryptocurrency. During Corona Pandemic To Get Good Returns Investors From India Starts Investing in Digital Cryptocurrency. A Report by American Research Firm “Finder” Tells that Most Indians Invest in Bitcoin Followed by Ripple, Etherum and Bitcoin Cash.
30% Indians Invests in Bitcoin
American Research Firm Finder Shares the Data of 47,000 Indian Users. 30% of Indians Investors Accept that They Invest in Cryptocurrency. According to Finder Report Bitcoin Comes on First Number in Investment in Cryptocurrency. Ripple Comes on Second, Etherum on Third, and Bitcoin Cash on Fourth. Finder Also Told that in India Remittance is also being Sent in Cryptocurrency. India’s Rank is Number one in accepting Remittance in Cryptocurrency.
India Surpasses America, UK and China in Adopting Cryptocurrency
Chainalysis which is a Blockchain Data Platform Releases its Report on Global Crypto Adoption Index. Report Shows that In Adopting Cryptocurrency India Surpasses USA, UK, and China. This Analysis was Done in 154 Countries of the World. India Comes at second Position in this list. Vietnam Comes at First Position in this Index.
According to a Report From June 2020 to July 2021 Percentage of Accepting Cryptocurrency Increases by 880%. IN the Third Quarter of FY 2019-20 i.e. October – December 2019 This Percentage was 2300%.
In Last One Year Trading of around 1.5 Lakh Crore Rupees done through WazirX Platform
WazirX is India’s Largest Cryptocurrency Trading Platform. WazirX Told that In India More People are Now Investing From Tier-2 and Tier-3 Cities. Number of Users Significantly Increases by 2648%. This Increase in the Number of users Clearly Indicates that Noe Investors from Smaller Cities are Investing in Cryptocurrency. WairX Claims that it has 73 Lakh Crypto Users on its Platform. In the Last One Year, These Users did the Trading of Around 21.8 Billion Dollars or 1.5 Lakh Crore Rupees.
Women from Tier-2 and Tier-3 Cities are Investing in Cryptocurrency.
According to a Report Published in CNBC TV18, WazirX COO (Chief Operating Officer) and Co-Founder Siddarth Menon told that in India During 2017-18 People are not interested in Digital Currency. But Now Environment is Totally Changed. Women from Smaller Cities are Investing in Digital Assets. Coin switch Kuber also Told the same thing in its Report.