Highlights

  • Women accounted for only 8% of the total crypto investors in India
  • Highest adoption in terms of value was in Delhi, followed by Bengaluru, Hyderabad and Mumbai
  • Tier 2 cities, Jaipur, Lucknow, and Pune: top adopters

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Year ender 2022: these coins are the most held cryptos in India

Ethereum and Bitcoin have underlying platforms that are being used to build other web3 applications

Year ender 2022: these coins are the most held cryptos in India

Despite having one of the worst years for cryptocurrencies, Indian investors avoided panic selling.

According to a report by crypto exchange CoinSwitch, which claims to have over 19 million users said Bitcoin was the most held crypto asset, with 12% of users opting to invest in the world’s most valuable crypto asset. This was followed by Dogecoin, Ethereum and Shiba Inu, which saw investments from 11.54%, 9.43% and 6.92% users, respectively.

The CoinSwitch report also said that investors in the age group of 18-25 years, which includes GenZ population, accounted for the highest (45%) crypto investments, while 34% of the investors were millennials in the age group of 26-35 in India.

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