Indian cryptocurrency investors place long-term bets
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CoinDCX report: Indian cryptocurrency investors place long-term bets on Bitcoin and other altcoins.
Indian cryptocurrency investors place long-term bets In its 2024 annual report, the cryptocurrency exchange also noted that 20% of CoinDCX’s high-net-worth individual clients are now female.
A CoinDCX analysis found that 51.5% of investors’ portfolios now include Bitcoin and altcoins, showing a move towards long-term investing methods. This suggests that more Indian investors are profiting from cryptocurrencies. All coins other than Bitcoin are referred to as altcoins. Investors are increasingly considering cryptocurrency assets as long-term investments rather than short-term ones, according to a previous YourStory article. The finding also coincides with soaring Bitcoin values, which recently surpassed $100,000 due to increased institutional investor interest in the asset class and Donald Trump’s reelection as US president. Indian cryptocurrency investors place long-term bets
Exchange of cryptocurrency In its 2024 annual report, CoinDCX noted these findings and highlighted important user trends, such as changing investing and strategy patterns. With a 34.5% allocation, altcoins are in the lead, according to the research, thanks to growing interest in initiatives like decentralized banking, Layer 2 solutions, and decentralized applications. The use of systematic investment plans (SIPs) on CoinDCX also increased by 253.33%. Additionally, the company’s trading volume increased by 159.65%, which reflects the growing number of cryptocurrency traders in the nation as a result of market momentum. Additionally, it announced that the assets under control had increased by 366.67%. Indian cryptocurrency investors place long-term bets
The survey claims that because of digital penetration and rising interest in the asset class, 40% of all cryptocurrency activity worldwide took place in Tier II cities. With a combined 22% activity, Delhi and Mumbai were in the lead. 20% of CoinDCX’s high-net-worth individual (HNI) clientele are now women from places like Hyderabad, Lucknow, and Delhi. Bitcoin, Ethereum, MATIC, and the meme coin DOGE are some of their favorite tokens. Indian cryptocurrency investors place long-term bets
Frequently Asked Question
The report highlights the long-term investment trends of Indian cryptocurrency investors, with 51.5% of investor portfolios including Bitcoin and altcoins. It also showcases significant growth in systematic investment plans (SIPs) and trading volume, reflecting increased market momentum and adoption.
CoinDCX’s report reveals that 20% of its HNI clientele are now women, with many hailing from cities like Hyderabad, Lucknow, and Delhi. Their preferred tokens include Bitcoin, Ethereum, MATIC, and DOGE.
Altcoins now account for 34.5% of investor portfolios, driven by interest in projects related to decentralized finance (DeFi), Layer 2 solutions, and decentralized applications (dApps). This shift indicates a growing preference for diversified cryptocurrency investments.
According to the report, 40% of all cryptocurrency activity worldwide originated from Tier II cities in India. This showcases the expanding digital penetration and growing interest in cryptocurrency beyond metropolitan areas like Delhi and Mumbai.
The report highlights a 253.33% increase in SIP adoption, a 159.65% rise in trading volume, and a remarkable 366.67% growth in assets under control. These figures underline the rapid growth of cryptocurrency adoption in India.
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