In response to BuyUcoin statistics, the highest 5 Indian states contributed greater than ₹830 crore to crypto investments in 2021. Karnataka, Maharashtra, Uttar Pradesh, Delhi, and Haryana are among the many high states that contributed between ₹150 and ₹200 crore respectively.
BuyUcoin, based in July 2016, is the main cryptocurrency pockets and trade platform, permitting companies and prospects to transact with digital property reminiscent of Bitcoin, Ethereum, Ripple, and others.
BuyUcoin is on a mission to ‘convey cryptocurrencies into 1,000,000 Indian pockets’, with over 350,000 prospects testifying to the convenience with which BuyUcoin permits digital asset buying and selling.
Between January and December 2021, BuyUcoin’s consumer base elevated by greater than 1,400%. With an 843% enhance in 2021, each fourth BuyUcoin consumer is a lady.
Southern Indian states dominated in consumer base, with Karnataka, Telangana, and Tamil Nadu accounting for 27% of the consumer share. Northern states reminiscent of Uttar Pradesh, Delhi, and Haryana account for round 24 p.c of all customers.
Each fifth consumer on the community comes from Western states like Maharashtra, Gujarat, and Rajasthan. In the meantime, West Bengal accounts for lower than 5% of the consumer base.
“We’re trying on the 12 months 2022 with a large amount of optimism and hope. We’ll see the crypto market enter a extra mature part with sustained development momentum,” acknowledged BuyUcoin CEO, Shivam Thakral.
Shivam Thakral, CEO of BuyUcoin, famous that the regulatory surroundings in India and all through the world could be crucial in altering the crypto enterprise from budding to a mainstream business.
Roughly two-thirds of BuyUcoin customers are between the ages of 18 and 34, with greater than 1 / 4 between 35 and 55. Greater than 20% of customers are past the age of 45.
In 2021, the platform’s employees greater than quadrupled, using greater than 55 staff.
The administration thinks that good regulation of crypto property will assure that an in depth crypto startup ecosystem is nurtured appropriately to contribute considerably to the nation’s GDP.
“We’ll see a big rise of metaverse in India which is able to start with elevated consciousness of the metaverse idea and the way it can contribute to the digital financial system of India,” mentioned Thakral.