SlideShare a Scribd company logo
1 of 3
Download to read offline
Indian Crypto Exchange Market is expected to expand at a CAGR of
around 30% by 2027- What will lead to India’s crypto growth? Ken
Research
Average Transaction Value for Cryptocurrency Investments per Month in India is
about 9000 INR. Total addressable market (TAM), is estimated based on yearly salary
of those trading/investing in cryptocurrencies which is considered to be > 5,00,000
INR. Bitcoin and Ethereum dominated the Indian crypto exchange market in 2021.
1. Surge in Crypto Investments, Non-Fungible Tokens to gain traction going
forward and entry of International Cryptocurrency Exchanges in India indicates
towards the potential of Market
The market potential for cryptocurrency exchanges is huge in India, with WazirX
clocking close to $43 Billion in trading volume during the year 2021. A report by
Bloomberg has also stated that crypto investments in India increased from around
$923 Million in April, 2020 to nearly $6.5 Billion in May, 2021.
Other Challenges in Indian Crypto Exchange Market
The NFT (Non-Fungible Token) space is expected to gain more traction going
forward, with artists potentially being able to get about 100% of the revenue through
cryptocurrency transactions. Unlike other platforms like YouTube where a big chunk
of the revenue accrued against an artist gets retained by the platform itself. This
reflects the market Potential of Crypto Exchange in India.
Binance's acqusition of WazirX has also laid a pathway for international
cryptocurrency exchanges to explore an entry into India, in the form of either a
merger/acquisition. KuCoin is one of the exchanges which has started laying out a
team for India operations. Exchanges such as Singapore-based Coinstore and the US-
headquartered exchange Crosstower have already set up local units for India
operations.
2. Centralized Crypto Exchanges provide higher liquidity which leads to much
better speed of trading along with user-friendly and transparent interface for
transactions
Interested to Know More about this Report, Request for the sample report
 A centralized exchange (CEX) is a platform to buy and sell cryptocurrencies online.
CEXs are the dominant way of trading cryptocurrencies as of now.
 As part of trading/investing through a CEX, fiat currency transactions are usually
allowed. Market makers and takers both are a part of the platform, and provide
liquidity.
 CEXs act as a middle-man/third party that helps to conduct the transaction. These
CEXs provide a robust security mechanism through Know-Your-Customer
(KYC) and Anti-Money-Laundering (AML) practices.
 Private keys of user wallets, associated with user credentials in the crypto
exchange application, are stored in the internal systems of the CEX.
3. Around 70% of the overall Indian crypto investors are aged between 20-40 years;
attributed to tech savvy generation who is keen on crypto investment
Visit This link :- Request For Custom Report
Indians who are most likely interested in trading and cryptocurrency market are aged
between 20-40 years accounting for highest market share of about 70% in 2021.
With an easy access to internet, this tech savvy generation has started to take
initiatives to have a strong understanding of cryptocurrency market and its benefits.
Overall Growth in women participation was observed through increase in signups
by 1000% on the cryptocurrency exchange platforms in 2021. While Bitcoin is a huge
favorite among women, Shiba Inu was the most traded crypto among men on
WazirX in 2021.

More Related Content

Similar to India Buy Now Pay Later Market :Ken Research

Cryptocurrency_ A New Investment Opportunity
Cryptocurrency_ A New Investment OpportunityCryptocurrency_ A New Investment Opportunity
Cryptocurrency_ A New Investment OpportunityQutomatic
 
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdf
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdfWhat is Cryptocurrency _ All About Cryptocurrency in India [2022].pdf
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdfMLM4EVER INDIA
 
How To Create A Cryptocurrency Exchange App Like Binance.pdf
How To Create A Cryptocurrency Exchange App Like Binance.pdfHow To Create A Cryptocurrency Exchange App Like Binance.pdf
How To Create A Cryptocurrency Exchange App Like Binance.pdfLucas Lagone
 
Cryptocurrency Advantages and Disadvantages
Cryptocurrency Advantages and DisadvantagesCryptocurrency Advantages and Disadvantages
Cryptocurrency Advantages and Disadvantagesijtsrd
 
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...ijtsrd
 
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...ijtsrd
 
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...cryptolearn
 
Which is the best cryptocurrency to invest in 2023
Which is the best cryptocurrency to invest in 2023Which is the best cryptocurrency to invest in 2023
Which is the best cryptocurrency to invest in 2023Crispiniano Vital
 
Cryptocurrency: Evolution in Finance
Cryptocurrency: Evolution in FinanceCryptocurrency: Evolution in Finance
Cryptocurrency: Evolution in FinanceIRJET Journal
 
Harish Mini project review 3.pptx
Harish Mini project review 3.pptxHarish Mini project review 3.pptx
Harish Mini project review 3.pptxwarlord37
 
A Survey on Crypto Currencies
A Survey on Crypto CurrenciesA Survey on Crypto Currencies
A Survey on Crypto Currenciesidescitation
 
bitcoin - Google Docs.pdf
bitcoin - Google Docs.pdfbitcoin - Google Docs.pdf
bitcoin - Google Docs.pdfharikacheluru
 
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125AaqilFaraj1
 
digital currancy in india - the future of your money.pptx
digital currancy in india - the future of your money.pptxdigital currancy in india - the future of your money.pptx
digital currancy in india - the future of your money.pptxvenkatasivakumar6
 

Similar to India Buy Now Pay Later Market :Ken Research (20)

Cryptocurrency_ A New Investment Opportunity
Cryptocurrency_ A New Investment OpportunityCryptocurrency_ A New Investment Opportunity
Cryptocurrency_ A New Investment Opportunity
 
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdf
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdfWhat is Cryptocurrency _ All About Cryptocurrency in India [2022].pdf
What is Cryptocurrency _ All About Cryptocurrency in India [2022].pdf
 
How To Create A Cryptocurrency Exchange App Like Binance.pdf
How To Create A Cryptocurrency Exchange App Like Binance.pdfHow To Create A Cryptocurrency Exchange App Like Binance.pdf
How To Create A Cryptocurrency Exchange App Like Binance.pdf
 
Genotik pitch
Genotik pitchGenotik pitch
Genotik pitch
 
suraj seminar 2022.pptx
suraj seminar 2022.pptxsuraj seminar 2022.pptx
suraj seminar 2022.pptx
 
Cryptocurrency Advantages and Disadvantages
Cryptocurrency Advantages and DisadvantagesCryptocurrency Advantages and Disadvantages
Cryptocurrency Advantages and Disadvantages
 
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
 
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
Cryptocurrency Market Movement and Tendency Forecasting using Twitter Emotion...
 
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...
Demystifying Cryptocurrency : A Beginner's Guide to Earning Profits in the Di...
 
Which is the best cryptocurrency to invest in 2023
Which is the best cryptocurrency to invest in 2023Which is the best cryptocurrency to invest in 2023
Which is the best cryptocurrency to invest in 2023
 
14784493 Indian Capital Market
14784493 Indian Capital Market14784493 Indian Capital Market
14784493 Indian Capital Market
 
Fintech.pdf
Fintech.pdfFintech.pdf
Fintech.pdf
 
Cryptocurrency: Evolution in Finance
Cryptocurrency: Evolution in FinanceCryptocurrency: Evolution in Finance
Cryptocurrency: Evolution in Finance
 
Harish Mini project review 3.pptx
Harish Mini project review 3.pptxHarish Mini project review 3.pptx
Harish Mini project review 3.pptx
 
EBU1063.pdf
EBU1063.pdfEBU1063.pdf
EBU1063.pdf
 
A Survey on Crypto Currencies
A Survey on Crypto CurrenciesA Survey on Crypto Currencies
A Survey on Crypto Currencies
 
bitcoin - Google Docs.pdf
bitcoin - Google Docs.pdfbitcoin - Google Docs.pdf
bitcoin - Google Docs.pdf
 
Magiccoin Whitepaper MAGE coin
Magiccoin Whitepaper MAGE coinMagiccoin Whitepaper MAGE coin
Magiccoin Whitepaper MAGE coin
 
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125
 
digital currancy in india - the future of your money.pptx
digital currancy in india - the future of your money.pptxdigital currancy in india - the future of your money.pptx
digital currancy in india - the future of your money.pptx
 

Recently uploaded

Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312LR1709MUSIC
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Falcon Invoice Discounting
 
Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024Holger Mueller
 
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxThompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxtmthompson1
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptxRoofing Contractor
 
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfHolger Mueller
 
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR ESCORTS SERVICE PROVIDE
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR  ESCORTS SERVICE PROVIDEJAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR  ESCORTS SERVICE PROVIDE
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR ESCORTS SERVICE PROVIDEkajalroy875762
 
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptxBoundify
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxDitasDelaCruz
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfwill854175
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfbelieveminhh
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxNetapsFoundationAdmi
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...yulianti213969
 
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDE
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDEJHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDE
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDEkajalroy875762
 
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDE
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDEUJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDE
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDEkajalroy875762
 
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...ssuserf63bd7
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckHajeJanKamps
 
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDEJIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDEkajalroy875762
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAITim Wilson
 

Recently uploaded (20)

Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024
 
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxThompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
 
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR ESCORTS SERVICE PROVIDE
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR  ESCORTS SERVICE PROVIDEJAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR  ESCORTS SERVICE PROVIDE
JAJPUR CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JAJPUR ESCORTS SERVICE PROVIDE
 
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
 
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDE
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDEJHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDE
JHANSI CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JHANSI ESCORTS SERVICE PROVIDE
 
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDE
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDEUJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDE
UJJAIN CALL GIRL ❤ 8272964427❤ CALL GIRLS IN UJJAIN ESCORTS SERVICE PROVIDE
 
Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024
 
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
 
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDEJIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 

India Buy Now Pay Later Market :Ken Research

  • 1. Indian Crypto Exchange Market is expected to expand at a CAGR of around 30% by 2027- What will lead to India’s crypto growth? Ken Research Average Transaction Value for Cryptocurrency Investments per Month in India is about 9000 INR. Total addressable market (TAM), is estimated based on yearly salary of those trading/investing in cryptocurrencies which is considered to be > 5,00,000 INR. Bitcoin and Ethereum dominated the Indian crypto exchange market in 2021. 1. Surge in Crypto Investments, Non-Fungible Tokens to gain traction going forward and entry of International Cryptocurrency Exchanges in India indicates towards the potential of Market The market potential for cryptocurrency exchanges is huge in India, with WazirX clocking close to $43 Billion in trading volume during the year 2021. A report by Bloomberg has also stated that crypto investments in India increased from around $923 Million in April, 2020 to nearly $6.5 Billion in May, 2021. Other Challenges in Indian Crypto Exchange Market The NFT (Non-Fungible Token) space is expected to gain more traction going forward, with artists potentially being able to get about 100% of the revenue through cryptocurrency transactions. Unlike other platforms like YouTube where a big chunk of the revenue accrued against an artist gets retained by the platform itself. This reflects the market Potential of Crypto Exchange in India. Binance's acqusition of WazirX has also laid a pathway for international cryptocurrency exchanges to explore an entry into India, in the form of either a merger/acquisition. KuCoin is one of the exchanges which has started laying out a team for India operations. Exchanges such as Singapore-based Coinstore and the US-
  • 2. headquartered exchange Crosstower have already set up local units for India operations. 2. Centralized Crypto Exchanges provide higher liquidity which leads to much better speed of trading along with user-friendly and transparent interface for transactions Interested to Know More about this Report, Request for the sample report  A centralized exchange (CEX) is a platform to buy and sell cryptocurrencies online. CEXs are the dominant way of trading cryptocurrencies as of now.  As part of trading/investing through a CEX, fiat currency transactions are usually allowed. Market makers and takers both are a part of the platform, and provide liquidity.  CEXs act as a middle-man/third party that helps to conduct the transaction. These CEXs provide a robust security mechanism through Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) practices.  Private keys of user wallets, associated with user credentials in the crypto exchange application, are stored in the internal systems of the CEX. 3. Around 70% of the overall Indian crypto investors are aged between 20-40 years; attributed to tech savvy generation who is keen on crypto investment
  • 3. Visit This link :- Request For Custom Report Indians who are most likely interested in trading and cryptocurrency market are aged between 20-40 years accounting for highest market share of about 70% in 2021. With an easy access to internet, this tech savvy generation has started to take initiatives to have a strong understanding of cryptocurrency market and its benefits. Overall Growth in women participation was observed through increase in signups by 1000% on the cryptocurrency exchange platforms in 2021. While Bitcoin is a huge favorite among women, Shiba Inu was the most traded crypto among men on WazirX in 2021.