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

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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