Cryptocurrency Is Picking up Steam in Small Cities in India: Report
Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only focused just on bitcoin, and are open to diversifying their portfolios with more exotic offerings. Crypto Grows in India’s Small Cities Cryptocurrency usage and trading are being embraced by Indian citizens as a way of investing and gaining additional money after the Covid-19....
Related News
Mumbai-based WazirX crypto exchange's latest data shows a 2,648% growth till date in user signups from smaller cities across India. India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to 100,000 citizens. The Mumbai-based exchange reported:“Tier-II and tier-III cities have driven almost 55% of....
Crypto exchange Kucoin recently published a report that provided insight into the cryptocurrency space in India. This survey conducted published information about the new developments in India’s blockchain space According to the Cryptoverse Report India, the number of investors in the country was in the range of 115 Million as of June 2022. The basis […]
Bitcoin has recently been picking up steam, stealing some of the capital and thunder from the DeFi trend and Ethereum. XRP, however, continues to lag behind both top crypto assets and linger sideways. According to the Bitcoin trading pair, however, Ripple could soon rip against the leading cryptocurrency by market cap and catch up against […]
One of the four cities that will be the “hotbeds” of the blockchain financial services is Hong Kong as the technology is expected to be implemented by banks and other financial institutions within three years. That’s according to the director business development and strategy, Cloud + Enterprise at the U.S. tech giant, Microsoft, Marley Gray. The other cities are London, New York, and Singapore. A report by South China Morning Post quotes Gray as saying that these cities “are the anchor points in which blockchain will be solved, and it will just grow from there.” Blockchain is New in Hong....
Earlier today, video game developer Valve banned all NFTs and cryptocurrency related games from its Steam platform. Steam is one of the world’s largest video game platforms, featuring a catalogue of thousands of games alongside 25 million daily concurrent players. Steam Removes All Crypto Related Products from Its Store Earlier today, the newly updated Steam […]