Some years are more eventful than others. 2022 felt especially so. Post-pandemic optimism gave way to rising inflation rates, a prolonged war, and nervous markets. Capital markets, both traditional and crypto, were swept into choppy waters.
Such testing times can be challenging to any investor—one has to rethink and re-evaluate their original investment thesis, rebalance the portfolio, and spread out the risks. How did India respond? What crypto projects did they bank on? Which crypto did they hold the most?
This report, India’s Portfolio, provides the answers.
Did you know…
… India is most active in the crypto market between 6 PM and 9 PM
… On Akshaya Tritiya, Bangalore invested the most in bitcoin, the digital gold
Capital city Delhi leads India on crypto adoption—measured in terms of value invested—followed by India’s tech hubs of Bangalore and Hyderabad.
The pink city of Jaipur has the highest crypto adoption among tier-2 and tier-3 cities, followed by Lucknow and Pune.
Everyone loves classics. In crypto, bitcoin is the classic. Bitcoin was the most-held crypto asset in India in 2022.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.