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Crypto Exploded In India In 2021 Despite Uncertainty And Volatility
The second most populous country in the world has been flocking to investing in cryptocurrency even as it grapples on how to handle its future
Cryptocurrency continues to grow and flourish around the globe. One area where it has steadily gained traction is India, the second most populous country in the world. Their leading trading platform recently released the results of a user survey they conducted that showed some fascinating information about how, why and what people are investing in. It is also a powerful statement about the size of the footprint the country of more than 1.3 billion people is starting to make in crypto.
WazirX is the largest crypto trading platform in India, overseeing $43 billion in 2021 trading, an amazing 1,735% increase over last year, according to CNBC. With more than 10 million users, they are rapidly making their mark as a mover and shaker in crypto.
WazirX decided to survey their users to detect trends within their expanding community. It revealed a lot of about what Indian investors are doing and how they are finding crypto.
51% of respondents reported they entered crypto investing at the behest of a friend or family member…
