As a seasoned analyst with extensive experience in tracking and analyzing investment trends across various industries, I find it fascinating to observe the evolving landscape of crypto investments in India, particularly in Hyderabad. The city’s unique blend of modernity and tradition, coupled with its diverse cultural fabric, seems to have fostered an environment that encourages inclusive investment opportunities, as demonstrated by the significant participation of women investors in the crypto space.
In the bustling city of Hyderabad, India, female cryptocurrency investors have claimed the top spot nationwide, surpassing their male counterparts. This groundbreaking trend hints at a significant transformation in how India approaches cryptocurrency investments. According to the recently published “How India Invests in Crypto 2024” report by CoinSwitch crypto exchange, women make up an impressive 45% of all cryptocurrency investors in Hyderabad, while men account for just 55%.
According to a recent CoinSwitch report, approximately 20 million people in India are involved in cryptocurrency investments. Unfortunately, women make up just 11% of these investors. In terms of Indian cities, Hyderabad comes in fourth place with 5.1% of the nation’s total crypto investors. The top three spots are held by Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%).
Hyderabad, a city steeped in history, serves as the capital of Telangana state in India. It’s one of the country’s most populous cities, offering a unique fusion of contemporary and traditional elements through its inhabitants and culture. With a rich historical background, this vibrant city is known for being a cultural melting pot, mirroring the diverse religious and cultural landscape of present-day India. Furthermore, its forward-thinking approach towards cryptocurrency aligns well with modern India’s dynamic spirit.
In my analysis of the Hyderabad crypto investment landscape, it’s interesting to note that women make up approximately 45% of the total investor base, while men account for about 55%. When it comes to the distribution of capital among different market caps, a significant 42% is invested in large-cap coins. Mid-cap investments follow closely at 26%, with small cap investments accounting for just 4%. Notably, around 28% of Hyderabad’s crypto investors have their funds allocated to bluechip investments.
Ashish Singhal, founder of CoinSwitch, expressed his excitement as he presented the 2024 version of ‘India’s Crypto Portfolio.’ This yearly publication details India’s crypto investment activities. The report delves into India’s growing bond with cryptocurrency, offering a comprehensive look at investment patterns, category-wise insights, and city-specific data,” said Ashish Singhal upon launching the report.
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2024-12-20 16:38