Earlier this week, KuCoin revealed a survey on new developments in blockchain and crypto India – Into The Cryptoverse Report India, which revealed the number of crypto investors in the country is in the 115 million range as of June 2022.
surveyKuCoin’s stance on crypto investments in the country said that 115 million crypto investors accounted for 15% of the Indian population in the 18-60 age group, while the other 10% of the same group were consumers. who are curious about crypto and plans to invest in this asset in the next six months.
Indian crypto investors are on the rise as 39% of all first quarter 2022 are aged 18-30, up 7% from the previous quarter, with 39% of first-time crypto buyers making up. of young investors under 30 and they only started trading in the last three months.
Barriers to Crypto Investing
“The ambiguity in government regulations Cryptocurrency is a major deterrent for potential investors, with 33% reporting that government regulation is a concern when considering investing in crypto, followed by the security of investing in crypto that remains a concern for many. People, because 26% are worried that hackers are a threat, and 23% fear that they will not get their money back in the event of a security incident.”
The study says lack of sufficient knowledge about crypto investing is the biggest obstacle to the growth of crypto investments in India, with 41% of respondents saying they don’t know which crypto product to choose for. investment and 21% of respondents said They do not understand how digital assets work and 27% find it difficult to predict the direction of the market.
Last month, KuCoin’s CEO said India would becomemain marketin the long term and thanks Local “expertise” and The “Welcome Market” by KuCoin had 5.6 million new Indian customers in the first half of 2022.
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