Cryptocurrency Q&A
How big is the crypto market in India in 2021?
How big is the crypto market in India in 2021?
MysticStorm
Mon Sep 09 2024
|
6 answers
1299
Could you elaborate on the current size of the cryptocurrency market in India as of 2021? I'm particularly interested in understanding the growth trends, the number of active users, and the overall value of transactions taking place within this market. How does it compare to other global markets, and what are the main factors driving its expansion?
6 answers
alexander_watson_astronaut
Wed Sep 11 2024
By 2030, the market size is anticipated to reach an even more substantial figure of $241.1 million. This long-term prediction highlights the sustained growth trajectory of the Indian crypto market.
Was this helpful?
271
35
CryptoElite
Wed Sep 11 2024
Despite the regulatory challenges faced by the crypto sector in India, global exchanges have recognized the potential of the market. Binance and Kraken, two of the largest exchanges worldwide, have actively catered to Indian crypto users.
Was this helpful?
123
82
noah_wright_author
Wed Sep 11 2024
However, not all global exchanges have chosen to enter the Indian market. Coinbase, a renowned platform, opted to remain outside, potentially due to the complexities and uncertainties associated with Indian crypto regulations.
Was this helpful?
319
81
CryptoVisionary
Wed Sep 11 2024
The National Association of Software and Service Companies released a report highlighting the significant growth of the crypto market in India. In 2021, the market size was valued at $73.8 million, indicating a strong foundation for further expansion.
Was this helpful?
245
24
Sofia
Wed Sep 11 2024
Among the exchanges that have ventured into the Indian market, BTCC stands out as a top cryptocurrency exchange. BTCC offers a comprehensive suite of services tailored to meet the diverse needs of crypto enthusiasts in India.
Was this helpful?
191
27
Load 5 more related questions
