Indian Crypto Users Represent 53% of the Global Total in 2023, 5x More than the US

Possibly crypto users this year will cross 150 million marks, as per the report that is shared with BrInCrypto. This will give India more exceedingly half the worldwide crypto users' market share. What aspects could help accelerate it? Over the past few years, India has experienced a good increase in crypto investors regardless of the negative attitude of the government regarding the crypto world. Several factors which also include the rise of fintech, the increase in the popularity of online payments and mobile technology adoption, and the growth of crypto in India have driven.

The potential of India in bringing crypto

Another reason for the rise of crypto in India is mobile technology adoption. India is home to the world's second largest market of smartphones, with the users of smartphones more than 1 billion.

The precise value of crypto transactions globally varies and depends on the conditions of the market, regulatory authorities, and worldwide adoption rates.