Indian cryptocurrency trading volume has increased 17-fold! Men love memes and women love bitcoin

According to foreign media reports, WazirX has announced the 16th new release, with market volume exceeding $ 43 billion in 2021 alone, an increase of 1,735% by 2020.

Mumbai-based WazirX is part of Binance, the world's largest cryptocurrency exchange. The report, titled "Importance and Approval of Cryptocurrency by 2021," includes several small towns including Guwahati in northeastern Assam and Karnal, the 20th largest city in northern Assam. 'India. The number of registrants in small towns like Bareilly in Uttar Pradesh has increased by more than 700%, indicating that an increasing number of small rural towns in India are using cryptocurrencies.

Among them, Bitcoin is still the largest cryptocurrency market, followed by TEDA, Dogecoin, Shiba Inu, the WRX token exchange and Polygon's MATIC.

An investor in India prefers to invest in cheap and affordable cryptocurrencies like Dogecoin and Shiba Inu in order to make more money with small investments. It is also used in Turkey, which is targeted. Ahead of the Indian Festival of Lights in November, investors doubled their investment in cryptocurrencies.

The report notes that men dominate in the conflict meme, with women mainly trading Bitcoin. New female users increased by 1,009%, or over 82% of new male users.

The report notes that the number of registered WazirX users has increased, to over 10 million.

“Only 11% of respondents aged 51 and over said they spent more than 50% of their total investment in cryptocurrency, while 29% of respondents aged 18-24 did. 66% of WazirX users are under 35 years old. "

More uncertainty has been added to the spread of COVID-19 over time, according to a WazirX review. Cryptocurrencies will not only provide the average person with a new way to make money online, but also help the lower and middle class meet the challenge.

According to the local media ruling, although cryptocurrency is booming across India, the cryptocurrency bill is unlikely to be passed in the National Assembly this year. Indian banking companies are still against cryptocurrencies, and the mayor of Shakhtikanta Das recently said 10-year-old blockchain technology could thrive without digital currency.

However, WazirX believes the government will focus more on governance than ban. WazirX CEO Nischal Shetty Said Managing Cryptocurrency In India Will Help Provide India With Developing Countries On The World Map And Pave The Way For India To Become An Indian Identity (Atmanirbhar Bharat Abhiyaan) for future crypto assets. to help.

The India Independence Initiative is a new vision in India where on May 12, 2020, President Modi announced a special financial plan and the completion of Rs 200 million to tackle the epidemic in India. The goal is for countries and their citizens to be independent and self-reliant. Self-promotion in India includes five indicators: economy, infrastructure, system, power of people and demand.