A new report shows India has roughly 115 million crypto investors and more than half plan to increase their cryptocurrency investments in the coming 6 months. bitcoin $BTC
Indian Crypto Market Is Growing: Report Shows the Country Has 115 Million Crypto Investors
The survey respondents were 2,042 Indian adults aged 18 to 60, the company explained, adding that 1,541 of them were self-identifying crypto investors and 501 were crypto-curious consumers, who were interested in investing in crypto in the coming six months.There are roughly 115 million crypto investors in India who either currently hold crypto or have traded crypto in the past six months, accounting for 15% of the Indian population aged 18 to 60 years.
The United Nations Conference on Trade and Development also recently estimated the number of crypto investors in India. In a report published in June, the organization stated that 7.3% of the total population in India owns digital currency. The UN estimated in July that India had 1.41 billion people.More than half [of] crypto investors plan to increase their investment in crypto in the coming six months, indicating an optimistic sentiment towards the market.
According to survey respondents, the top barriers to investing in crypto assets are knowledge, regulation, and security. “The ambiguity in government regulations has been a key factor deterring potential investors,” the report details, elaborating:“The safety of investing in crypto is also a concern for many, as 26% worry about hackers being a threat, and 23% fear that they may not get their money back in case of security incidents,” the report adds.
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