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More Than 10 Crore Indians Has Cryptocurrency, Records Highest in the world

Reports reveals how Indians are outperforming the rest of the world when it comes to cryptocurrency adoption. Notably, this is because investors are still waiting for the official verdict on cryptocurrency exchanges in the country.

A recent study by the portal BrokerChoose’s annual crypto proliferation index makes shocking revelations. it shows that over 10 crore, India has the largest number of crypto owners in the world. Then, followed by the US and Russia.

Per population percentage, India boasts the fifth-highest rate of crypto owners at 7.3%. Notably, This index is topped by Ukraine at 12.73%, Russia at 11.91%, Kenya at 8.52% and the US at 8.31%.

Furthermore, The study also monitors internet searches in various countries to determine crypto interest.
So, India has the second-highest number (nearly 36 lakh) of total crypto searches. Meanwhile, the US has the highest number of crypto searches at 69 lakh.

Surprisingly, Indians is second out of 154 countries on the 2021 Global Crypto Adoption Index by Chainalysis in August.

Additionally, Indians market is seeing 641% increase over the past year. Data gotten from using a metric received by a country.

“Large institutional-sized transfers above $10 million worth of cryptocurrency…”
“represent 42 per cent of transactions sent from India-based addresses,”

said the report.

Also, the numbers indicates that India’s cryptocurrency investors are among big and top organizations.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.