

20 Jan 2025
Kolkata and Botad (Gujarat) entered the list of top 10 cities for crypto traders in India.
Over two-thirds of the Indian population is below 35 years (2022). Besides Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune, smaller cities like Jaipur, Thane, Lucknow, and new entrants Kolkata and Botad (Gujarat) have seen the number of cryptocurrency investors spike recently. While three-fourths of the investors fall below the age of 35, the generation from 36 years and above forms up to 28% of the investor base in India.
Profit potential and blockchain technology combined with enhanced access to the internet and smartphones attract the younger generation to crypto trading. Also, cryptocurrencies allow users to transact without relying on a regulatory authority and are more secure.
Indians invest mainly in Layer-1 tokens, Decentralised Finance or DeFi tokens, Meme and Gaming and Layer-2 tokens.
As per a CryptoQuant survey, 60% of Crypto traders fall between 25-44, invest less than $10,000 annually, and Asia leads the global market with 40% of users.
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