The report said that Hyderabad also stands out for its investor success, boasting the third-highest percentage of portfolios in green, with 84 percent of its investors seeing positive returns among the top 10 cities
Published Date – 18 December 2024, 04:01 PM
Hyderabad: Hyderabad not only leads in recording the highest ratio of women investors at 45 percent in crypto but also ranks as the fourth-largest contributor to India’s crypto investments in 2024, the annual investor report ‘India’s Crypto Portfolio 2024: How India Invests’ published by CoinSwitch, said.
The report, which deep-dives into India’s diverse crypto ecosystem and highlights the country’s growing engagement with digital assets, said that Hyderabad also stands out for its investor success, boasting the third-highest percentage of portfolios in green, with 84 percent of its investors seeing positive returns among the top 10 cities, press release said.
“At CoinSwitch, we’ve witnessed a spike in crypto investment across India. What was once concentrated in major metros is now quickly expanding to Tier-2 and Tier-3 cities, reflecting the growing appeal. With Bitcoin crossing the $100,000 mark to close out the year, it sets the stage for an exciting journey of growth in 2025.” said Balaji Srihari, vice president, CoinSwitch, in a press release said.
