In India, cryptocurrencies are starting to interest a lot of people. The statistics show it: despite a relatively difficult context, new users are joining the ranks of people who already used cryptocurrencies to make transactions in the country. The figures of the WazirX stock exchange make it possible to realize the interest that investors have in digital assets.
Women are registering more and more on WazirX
WazirX, the India-based cryptocurrency exchange, has released figures for 2021 on the number of people using it. Its statistics show that metropolitan cities have had a increase of 1 851% regarding the total number of new registrants on WazirX. Last year, this percentage was 1,759%.
When you zoom in on the numbers, you discover another reality, said Nischal Shetty, the creator of WazirX. He claimed that women are the most interested in cryptocurrency. “Growth in the number of new users increased by 1,009% compared to an 829% increase in male enrollment.“
CoinDCX Reports Increase in Activity
Other cryptocurrency exchanges have also indicated that the number of people adopting digital assets, especially in small towns, is growing. For example, CoinDCX clarified that in cities like Indore, Lucknow and Agra there is some increase. The site also indicated that investors are mainly young people between 18 and 34 years old. This class of investors represents 70% of the site’s user base.
Sumit Gupta, the co-founder and CEO of CoinDCX, made a statement in which he provided further details. “Among the major geographies, the northern region was a key driver of new currency trafficking through a mix of cities. Pune, Pana, Jaipur, Indore and Agra are among the top 15 cities in the ranking of regions with a high concentration of users.“
When it comes to the most used cryptocurrencies, the top ranking consists of bitcoin (BTC) and ether (ETH). “Major tokens like BTC and ETH remain in the top five choices closely followed by memes tokens. In 2021, there was also a real interest in the use of metaverse and NFT tokens.Added the CEO of CoinDCX.
The cryptocurrency industry attracts a lot of people in several countries. Many investors have decided to join the ranks of individuals who use it. In India, cryptocurrency exchange platforms are recording strong growth in the number of registrants.
Source: Times of India
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