Smaller Indian cities join the crypto boom, expanding beyond major metros

economictimes.indiatimes.com:

Crypto trading in India is rapidly expanding beyond major metropolitan areas, with smaller cities and towns emerging as key players in the digital assets market.

A report by CoinSwitch revealed that regions like Botad, Barbaka, Jalandhar, Ludhiana, Patna, Kanchipuram, and Dehradun are increasingly active in the crypto ecosystem, joining larger cities where digital asset trading has been flourishing for years.

This shift is largely driven by younger investors, primarily aged 35 or younger, who are keen to diversify their portfolios and explore the potential of cryptocurrencies.

India now has more than 2 crore crypto users, with the majority (18-35 years old) actively engaging in the market. As interest in crypto assets continues to grow, investors are exploring a variety of digital currencies, ranging from meme coins to Layer-1 assets like Bitcoin and Ethereum, as well as DeFi tokens.

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

In a year marked by Bitcoin’s historic rise to $100,000, one of the most notable developments is the increasing popularity of meme coins, which