115 million Indians Have Invested In Crypto, KuCoin Survey Notes
KuCoin was recently surveyed to show the level of crypto adoption and the nature of its landscape in India. According to the survey, there are now 115 million crypto investors in the country. The demographic Analysis also shows that the investor profile is predominantly youthful, with 39% of them aged between 18 and 30 years. The report also noted that the investors have either held crypto assets or traded in them in the past six months. 15% of the population is aged between 18 and 60 years, while another 10% are people who want to invest in crypto assets in the next six months. This represents a 7% increase over the previous quarter. Also, 39% of the young investors are first-time crypto buyers who started trading over the past three months. Crypto Investment Hurdles The uncertainty in government regulations has been a major factor that deters potential investors. In the survey, 33% of them stated that government regulation is a major consideration for them before investi...