3 cities investing the most in crypto in India..!!

Sowmiya Sriram
3 cities investing the most in crypto in India..!!
The global boom in crypto markets over the past few days has now started to reverberate in india as well. Accordingly, investment in cryptocurrencies has increased in some major cities in India. Cryptocurrencies have started to rise with the certainty that donald trump will win the US presidential election and take office. Although tax-related restrictions are in place in india, there are people sending money to the crypto market in many cities. CoinSwitch, the country's third-largest crypto trading platform, has released its annual investor report. Here are the key information in this report.
 List of cities: In terms of city-based investments, the report says that the crypto ecosystem is growing in the country. delhi NCR has won the title of the city with the highest number of crypto investments for the third consecutive time. delhi has invested twice as much as Bengaluru, which is in second place. mumbai has taken the third place. More than 36 percent of India's total crypto investment is in three cities. They are delhi (20.1%), Bengaluru (9.6%), and mumbai (6.5%). Investment has increased in all these places compared to last year. kolkata (9) and Gujarat's Potad (10) made it into the top 10 cities for the first time. According to the report, this is evidence that cryptocurrency is being accepted across the country.
 Top 10 List: pune has performed well in the top 10 cities. 86% of investors here have earned excellent returns. pune has become the indian city with the highest percentage of profitable portfolios. Crypto investments are also increasing in tier-2 and tier-3 cities like jaipur and Lucknow. According to the report, crypto investment is increasing at a grassroots level not only in major metro cities but also in other places in the country.
Crypto Investment by Age: In india, people under 35 years of age are mostly investing in cryptocurrencies. 75% of them have invested. The number of investors between the ages of 36 and 45 is gradually increasing. Mid-career professionals are also showing interest in the crypto market. At the same time, only 11% of the total investors are women. Bitcoin (BTC) and Ethereum (ETH) are the preferred coins for investors.
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