Crypto Trading Thrives In India’s Smaller Cities
What’s going on here?
Cryptocurrency trading is booming in India’s smaller cities, powered by young traders shifting away from stock options due to tighter equity regulations.
What does this mean?
With tighter regulations on equity derivatives in India, many traders are turning to cryptocurrency, especially in non-metro areas. This trend is exemplified by traders like a flower-shop owner in Nagpur diving into crypto to supplement income during off-seasons. CoinGecko notes a doubling of trading volumes to $1.9 billion on India’s leading crypto exchanges in late 2024, showcasing this shift. Young Indians, a substantial demographic, are at the forefront of this movement, aiming to boost their earnings in a fast-growing economy. Even with a…
