Indian crypto start-ups have received 73% more funding in the two quarters of 2021 compared to the whole of 2021, data from Tracxn shows. Equally, NASSCOM reports in a research entitled ‘Crypto Industry in India’, that above 60% of states in India are sprouting as cryptotech adopters.
According to market intelligence platform, Blockdata, the total amount of funding for global blockchain companies hit a record $6.586 billion in the September quarter. This is due to the influx of larger crypto and other digital assets investors.
India Crypto Adoption IndexA survey conducted by the BrokerChoose’s annual crypto proliferation index reveals that over 10 million Indians own crypto. Invariably, India has the largest number of crypto owners in the world and then the U.S. with 27 million and Russia records over 17 million crypto owners.
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