Friday, August 20, 2021

Cryptocurrency investment: India ranks second

Cryptocurrency investment: India ranks second


 New Delhi: The number of Indians investing in cryptocurrencies is on the rise.
India tops the list of countries investing in cryptocurrencies worldwide India ranks far ahead of the US, UK, and China. India ranks second in the 2021 Global Crypto Adoption Index of blockchain data platform Chinalosis. Vietnam is number one.Between June 2020 and July 2021, there was an 880 percent increase in crypto adoption worldwide, according to the report. According to a report by Finder, a US-based research platform, all of the top five countries in terms of cryptocurrency transactions
Is from Asia‌. The report is based on a survey of 47,000 people worldwide. About 30 percent of those surveyed from India said they had invested in cryptocurrencies. Bitcoin is the most popular cryptocurrency in India. Indians have also invested heavily in Ripple, Ethereum, and Bitcoin Cash.

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