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Chennai: Cryptocurrencies continue to capture Indians’ mindshare despite regulatory crackdown and a slump in trading. According to a survey, 20% of Indians own some cryptocurrency — Bitcoin and Ethereum are the top picks. Curiosity, long-term returns, and diversification of portfolio are the three key reasons driving cryptocurrency trading in India.
A survey by Web3 and blockchain firm Consensys and YouGov also found that the majority (57%) of Indian respondents plan to invest in crypto in the next 12 months. The north, central, eastern and northeastern states of India show the highest traction for cryptocurrencies at around 94%. Asia is fast becoming the new hub for cryptocurrency markets after the recent US crackdown on crypto exchanges. Investors are flocking to Singapore, South Korea, and Hong Kong due to favourable regulations. About 15,100 individuals participated in the survey.
A survey by Web3 and blockchain firm Consensys and YouGov also found that the majority (57%) of Indian respondents plan to invest in crypto in the next 12 months. The north, central, eastern and northeastern states of India show the highest traction for cryptocurrencies at around 94%. Asia is fast becoming the new hub for cryptocurrency markets after the recent US crackdown on crypto exchanges. Investors are flocking to Singapore, South Korea, and Hong Kong due to favourable regulations. About 15,100 individuals participated in the survey.
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