Decoding India’s driving demand for cryptocurrencies among users

Unlike US and other prominent countries of the world, Cryptocurrency, a digital medium of exchange is gaining tremendous traction across the globe. Despite the fluctuations, the cryptocurrency has taken the world by storm, with the combined value of crypto coins regaining the $2 trillion cap last week. Aiming to reshape the crypto industry in the country, several trading platforms or apps have emerged allowing users to trade in crypto with ease and transparency.

CryptoBiz is one of the most popular crypto trading platforms in India, offering a highly immersive and easy-to-access user interface to its active users. With time, the platform has gained thousands of clients who are actively trading on the platform, crediting to its popularity as the digital asset in India.

Built by experts with extensive knowledge in the Blockchain environment and Cryptocurrency trading, Cryptobiz Exchange aims to provide an experience that is fast, secure and convenient to accommodate even a first-time user and introduce more and more people to the digital assets ecosystem. The company has its financial headquarters in Estonia, but with an Indian team at the heart of its operations, it aims to make Cryptocurrency-trading a seamless experience amid a plethora of innovative features it brings to the table.

Retail investors- an asset class known for notorious volatility and potential to deliver high returns have signed up on their portals to invest in cryptocurrencies. As per data and studies, more than 1.5 crore Indians have invested in cryptocurrencies, signaling strong cryptocurrency growth in the nation. The growing number of crypto adopters also suggests a shift in the investment paradigm, driven mostly by the country's younger population.

Moreover, rapid fintech advancements and a rising interest in crypto will likely increase the number of crypto users in the near future. In fact, some of the world’s largest cryptocurrency exchanges have invested in India due to growing virtual coin trade volumes and the rising number of retail participants.

While there is uncertainty over the cryptocurrency ecosystem in India, global coin exchanges have found it hard to ignore the potential for growth in a country of 1.3 billion people. As a result, more and more people are going to invest heavily in the crypto market making it a massive industry for growth and development.