Delhi tops crypto investment with young investors driving surge
economictimes.indiatimes.comDelhi continued to assert its dominance in India's cryptocurrency adoption landscape, maintaining its lead in terms of the value invested. This was followed by the IT hubs Bangalore and Hyderabad.
Recent data from CoinSwitch report reveals that Delhi boasts the highest percentage of cryptocurrency investors in the country. However, the phenomenon extends beyond Delhi's borders, with other cities like Hyderabad, Pune, and Jaipur also witnessing a surge in crypto adoption.
According to the report, more than 20% of India’s total crypto investments are concentrated in the three major metropolitan areas: Delhi (8.8%), Bangalore (8.3%) and Mumbai (5.2%). Ghaziabad claimed the 10th position in the list of the top invested cities, replacing Patna.
One striking aspect of India's crypto landscape is the overwhelming participation of young investors. In cities like Gurgaon, over 60% of crypto enthusiasts are under the age of 25. Moreover, approximately 75% of crypto investors nationwide are below the age of 35, underscoring the growing interest among the youth in exploring alternative investment avenues.
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View Details»Among overall cryptocurrency investors, 10.19% fall within the 26-35 age bracket, 34.27% are aged 18-25, 15.52% belong to the 36-45 age range, and 10.02% are categorized as being 46 years old or older.
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