Cryptocurrency Q&A
What is the average monthly crypto trading volume in India?
What is the average monthly crypto trading volume in India?
isabella_bailey_economist
Thu Jul 11 2024
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7 answers
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Could you please elaborate on the current status of the crypto trading landscape in India? Specifically, I'm interested in understanding the average monthly trading volume. Given the recent surge in cryptocurrency popularity and adoption, has this figure increased significantly over the past year? What factors contribute to this volume, such as the availability of crypto exchanges, regulatory frameworks, or investor sentiment? Is there a noticeable trend in the types of cryptocurrencies that are most actively traded in India? Your insights would be greatly appreciated.
7 answers
Giuseppe
Sat Jul 13 2024
In India, the average monthly crypto trading volume underwent a significant shift in 2023.
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ethan_thompson_journalist
Sat Jul 13 2024
Previously, in 2022, the figure stood at a robust $1.66 billion.
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EmeraldPulse
Sat Jul 13 2024
However, as of 2023, this figure has dwindled to less than a third of its previous value.
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EclipseChaser
Sat Jul 13 2024
Specifically, the average monthly crypto trading volume in India now stands at $0.52 billion.
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Raffaele
Fri Jul 12 2024
This decrease is not just a one-off occurrence, but rather a trend that has been observed for some time.
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