Indian Crypto Exchange says that 82% of users make profits this year, the trading volume increases by 1.735% -
Indian Crypto Exchange says that 82% of users make profits this year, the trading volume increases by 1.735% -
A large cryptocurrency exchange in India, Wazirx, has reported a “massive increase in user registrations” this year, with 82% of users achieving profits with their crypto investments. The trading volume also rose by 1,735 %compared to the previous year. Meanwhile, the Indian government is actively working on the crypto regulation of the country.
$ 43 billion trade volume, 82% of users achieved profit
The Indian cryptocurrency exchange Wazirx has published its "2021 Year of Crypto" test report Thursday. "Wazirx experienced a massive increase in user registrations that led us to exceed 10 million users," says the report, adding that the stock exchange recorded a trading volume of over $ 43 billion, an increase of
The report states:
By November 30, 2021, 82% of Wazirx users have achieved profits with their crypto investments, ie a growth of their crypto portfolio.
The stock exchange explained that Bitcoin ( btc ) remained on its platform. Other strongly traded cryptocurrencies were tether ( usdt ), shiba inu (shib), dogecoin (doge), wazirx-token (WRX) and Matic (Matic).
"In our efforts to make crypto accessible to everyone in India, Wazirx 2021 added more than 200 market pairs," wrote the stock exchange.
The report contains a survey to exchange its users. Overall, 44 % of those surveyed stated that cryptocurrencies make up to 10 % of their investment portfolio. Wazirx detailed:
We have observed growth of over 700% in registrations from smaller cities such as Guwahati, Karnal, Bareilly and others. It shows a growing crypto acceptance in semi-cities and rural India.
In addition, 61 % of those surveyed stated that Krypto helped them, while 78 % expressly said that it helped them financially. The stock exchange also recorded an increase in the number of female registrations by 1.09 % and the number of male registrations by 829 %.
In the meantime, the Indian government is actively working on cryptocurrency legislation. In the current session of Lok Sabha, the lower house of the Indian parliament, a draft law on cryptocurrency was submitted for examination. According to reports, however, the government revises the draft law and will do this probably present instead in the household meeting.
Prime Minister Narendra Modi was also involved in the Indian cryptocurrency legislation. He supposedly takes a target = "_ blank" href = "https://news.bitcoin.com/indian-prime-minzmin-narendra-modi-final-final--on-cryptocurrency-regulation/" Rel = "noopener"> Last request Although the government has not published its plan, there are reports that India is planning to do "_ blank" https://news.bitcoin.com/indias-cabinet-no-no-crypto-government-will-regulate-cryptoassets/ "Rel =" noopener "> Krypto-assets regulate .
What do you think of the knowledge of the Wazirx crypto tour? Let us know in the comment area below.
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