The Crypto trading in India is booming, falling down by about 2 billion dollars as small -town investors seek financial stability between dull jobs and wages.
Crypto Trading Volume Q4 in India reached $ 1.9 billion in 2024, more than double the previous quarter, as small town investors demanded new income sources between weak job development and wages, Reuters Reports,
Tight stock market rules about cryptocurrency and increasing curiosity about cryptocurrency have pushed more traders towards Crypto. Many young Indians, already commercial stocks and derivatives, now see digital assets as an alternative “especially with Trump with full taste of US President and Crypto,” Edul Patel, Madrex Co-founder, an Indian Crypto Exchange said. , “An Indian Crypto Exchange, Madrex co-founder Edul Patel said.
Retail traders are running most of the activity, the exchange officials told Reuters. Out of the top 10 cities adopting Crypto in 2024, seven were small cities like Jaipur, Lucknow and Pune, where people are turning to Crypto for additional income.
Despite high taxes and regulatory uncertainty, India’s Crypto market is estimated to increase by more than $ 15 billion by 2035, Consulting firm Grant Thorndon says India’s partner Kush Wadhwa.
With a rapid in the crypto among retail investors, we are looking at the US-based exchange trend. As Crypto.NuS reported earlier, Crackon is preparing to re-enter the Indian market after being banned for money-laundering violations in 2024. Its opponent, coinbase, India’s National Payment Corporation is considering a return even after facing resistance from the National Payment Corporation of India and has reported “informal pressure” from the Reserve Bank of India.
