CandleFocus Crypto trading nears $2b in India as smaller cities invest amid weak job growth: report
2025-02-25
Author: Content Editor
The crypto trading market in India is experiencing significant growth, with trading volumes reaching $1.9 billion in Q4 2024. This increase is driven by smaller-city investors seeking new income sources due to weak job growth and wages. Regulatory changes and growing interest in cryptocurrencies are also contributing to the shift towards crypto trading. Retail traders are leading this activity, particularly in smaller cities such as Jaipur, Lucknow, and Pune. Despite challenges such as high taxes and regulatory uncertainty, experts predict that India's crypto market could surpass $15 billion by 2035. U.S.-based exchanges like Kraken and Coinbase are looking to re-enter the Indian market to capitalize on this trend.
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