The volume of cryptocurrency transactions in India soars by 30% in a year; BTC, XRP, and TRX most popular

Amid a massive crypto bull run that saw the price of Bitcoin increasing by over 400 percent within a year, cryptocurrency transactions in India soared by 30 percent since March 2020, Business Line reports.

Bitcoin (BTC), Ripple (XRP), Tether (USDT), and Tron (TRX) lead the list of the most popular digital assets in India.

ZebPay chief marketing officer Vikram Rangala cites several factors that drive the surging volume of crypto transactions. He told Business Line that Indians are open to new investment vehicles and go with global trends. The younger generations, who experienced the 2008 financial crisis and are skeptical of the economic status quo, also explore alternative ways to store wealth.

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