- KuCoin released a survey detailing bitcoin and crypto adoption in India.
- 56% of surveyed investors believe bitcoin and crypto are the future of finance.
- India’s investor class is becoming increasingly younger with time.
Cryptocurrency exchange KuCoin published a survey titled “Into The Cryptoverse” showcasing the rising bitcoin and cryptocurrency adoption in India, per a blog post from the company.
Over 115 million investors aged 18 to 60, or 15% of India’s population, reported they currently hold or have traded bitcoin or other cryptocurrencies within the past six months. Another 10% of Indian adults were labeled “crypto-curious”, as they intend to begin investing in the ecosystem sometime within the next six months.
While over half of the investors surveyed plan to increase their holdings within the next six months, 41% of respondents stated they were unsure which cryptocurrencies to invest in. Similarly, 37% of respondents struggle with risk-management and 21% aren’t even sure how the assets work.
Therefore, even though there is a large amount of investor interest in India, there are still many informational hurdles hindering wider adoption. Furthermore, 33% of respondents cited government intervention as a concern when deciding if they wanted to invest.
Additionally, 26% of respondents expressed concern about being hacked while another 23% noted worries regarding the loss of funds due to security incidents.
Anxieties paired with the government’s levying of a 30% tax on digital asset income are arguably not enough to deter the growing investor class of India. Indeed, 56% of surveyed investors believe that bitcoin and cryptocurrency are the future of finance while only 24% stated “hype” as the reason they entered the ecosystem.
In addition, Indian investors are growing younger as 39% of those surveyed were aged 18 to 30, which represented a 7% increase in that age group from the previous quarter.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Cardano 
Lido Staked Ether 
TRON 
Avalanche 
Toncoin 
Shiba Inu 
Wrapped stETH 
Stellar 
Wrapped Bitcoin 
Polkadot 
Chainlink 
Bitcoin Cash 
WETH 
Sui 
Pepe 
NEAR Protocol 
LEO Token 
Litecoin 
Aptos 
Uniswap 
Wrapped eETH 
Hedera 
USDS 
Internet Computer 
Cronos 
POL (ex-MATIC) 
Ethereum Classic 
Ethena USDe 
Render 
Artificial Superintelligence Alliance 
Kaspa 
Bittensor 
WhiteBIT Coin 
Dai 
Arbitrum 
MANTRA 
Bonk 
Celestia 
VeChain 
Filecoin 
Cosmos Hub 
OKB 
