KuCoin Survey Says India Has 115 Million Crypto Investors

Early this week, KuCoin released a survey regarding the new developments in India’s blockchain and crypto space – Into The Cryptoverse Report India, which revealed the number of crypto investors in the country to be in the range of 115 million as of June 2022.Crypto Investors Have a Youthful Profilepresents a cheerful crypto investment landscape in the country.

The demographic profile of crypto investors is increasingly becoming young, as 39% of all in the first quarter of 2022 are aged between 18-30 years, a rise of 7% over the previous quarter. First-time crypto buyers constitute 39% of young investors below 30 years. They have started trading only over the past three months.“The ambiguity in government regulations has been a key factor deterring potential investors.

The study says the lack of sufficient knowledge about crypto investment is the most significant hurdle in the growth of crypto investments in India. It cites 41% of respondents as saying they don’t know which type of crypto products they should choose for investments. Twenty-one percent of respondents said they don’t understand how digital assets work, and 27% find it difficult to predict market directions.The investment sentiment is currently subdued because of the market downturn.

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