Cryptocurrencies
India Fueling One of World’s Fastest-Growing Crypto Regions
- Chainalysis flags growth in southern, central Asia and Oceania
- Study says India’s crypto market expanded 641% over 12 months
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Demand for digital coins in India is helping to make a region spanning central and southern Asia and Oceania one of the fastest-growing cryptocurrency markets globally, according to Chainalysis.
The pace of expansion there is the strongest after the Middle East and much of Europe, with India’s market growing 641% and Pakistan’s 711% over 12 months. The Chainalysis report looked at trends over the year to June using a metric that estimates the total cryptocurrency received by a country.