The popularity of cryptocurrencies has been growing rapidly in India since last year as more investors try their luck in the lucrative virtual coin trading space. Indian cryptocurrency exchanges confirm that they are adding people to their platform at a faster rate in 2021.
In view of the rapid customer base growth, cryptocurrency exchanges are optimistic that the emerging asset class will keep attracting more investors in India. However, the amount of cryptocurrency investments in India is only a fraction of traditional investment-class assets like equities.
The trend indicates that while younger Indian investors are placing their bets on crypto assets instead of traditional options, a larger number of individuals still remain hesitant, even though they are keen on exploring the cryptocurrency space.
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