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BCH $541.23 (-1.5%)
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BNB $366.22 (-0.9%)
ADA $2.10 (-1.5%)
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Crypto Transaction Volume Increases by 30% in India

Crypto Transaction Volume Increases by 30% in India
  • Crypto transaction volume has increased to over 30% in India.
  • India considers Bitcoin, Ripple, Tether, and Tron as its most popular digital currencies.
  • BTC price soared by 400% in just a year.

According to a report, cryptocurrency transactions have increased drastically to 30% in India since last year. The countries most popular cryptos include — Bitcoin, Tron, Tether, and Ripple.

In fact, cryptocurrency prices saw a massive bull run for a couple of years so far. This fortune affected BTC and many more cryptos. However, amid the crypto prices bull run, BTC price soared by over 400% in just a year.

About the crypto transaction volume, ZebPay chief marketing officer, Vikram Rangala, reported that many factors led to the rise in crypto transaction volume. Notably, Rangala said Indians focus more on the latest investment vehicles and trends.

Rangala further said,

The crypto industry in India is trying to create a new asset class for investments, and also new software for various kinds of applications built on the blockchain. Bitcoin was under $5,000 and ETH around $100 when the lockdown started, and now, since a year of the lockdown, they have gone up by 10 times.

Meanwhile, the Supreme court of India recently decided to ban all crypto accounts in the country. Regardless of the country’s several attempts at crypto bans,  Indians’ interest in crypto never seems to fade away. To be precise, the country always seems to be excited when it comes to cryptocurrency.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.