Early this week, KuCoin released a report on new developments in the crypto and blockchain space in India titled:

In India Cryptoverse Report

The report revealed the number of crypto investors in India, which reached 115 million investors as of June 2022.

The study claimed that these people either traded or held crypto assets in the past six months.

Young people are most interested in the crypto market:

The KuCoin India survey provided an exhilarating spectacle about investing in cryptocurrencies in the country.

The study says that 115 million crypto investors represent 15% of India’s population in the 18-60 age group, while another 10% of the same group are crypto-interested consumers planning to invest in the asset in the next six months.

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The demographic of cryptocurrency investors is increasingly young, with 39% of all investors in the first quarter of 2022 aged between 18 and 30, an increase of 7% from the previous quarter.

First-time cryptocurrency buyers make up 39% of young investors under the age of 30.

While most of them only started trading within the last three months.

The CEO of KuCoin said last month that India will emerge as a key market in the long term, thanks to local expertise and a welcoming market. He explained:

India acquired a whopping 5.6 million new customers added by KuCoin in the first half of 2022.

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