In the dynamic realm of digital currency, India leads the way in adoption, with major cities taking the lead. As per the recent Mudrex Crypto Investment Survey, Delhi-NCR emerges as the top contender, housing the largest number of cryptocurrency investors in the urban landscape. Bengaluru, Mumbai, Hyderabad, and Chennai closely follow suit, indicating a growing interest in cryptocurrencies nationwide.

Delhi boasts a significant 25% share of crypto investors, closely trailed by Bengaluru at 16%. Mumbai (9%), Hyderabad (8.9%), Chennai (8%), as well as Kolkata, Pune, Lucknow, and Ahmedabad, also play a substantial role in the expanding community of crypto enthusiasts across the country.

The surge in this trend can be attributed to various factors such as robust digital infrastructure, widespread internet access, increasing financial awareness, changing investment patterns, and the pursuit of higher returns. These elements collectively foster an environment conducive to the proliferation of cryptocurrency usage, particularly in urban hubs, as highlighted by Mudrex.

Crypto Tracker

• Bitcoin: 45,526 (0.27%)
• Ethereum: 83 (-0.29%)
• Binance Coin: 248,784 (-3.78%)
• Dogecoin: 5,096,707 (-4.71%)
• Cardano: 11,085 (-4.88%)

The survey discloses a notable engagement from both male and female investors, with 69% and 29% representation respectively, while 2% opted not to disclose their gender. This balanced participation can be linked to factors like the pursuit of financial autonomy, a readiness to undertake calculated risks, and varying degrees of digital literacy among respondents. Among different age brackets, individuals aged 20-30 exhibit the highest affinity towards crypto investments, constituting roughly 63.06% of the surveyed population. The percentage of investors decreases as the age groups advance, indicating a generational contrast in the acceptance and integration of cryptocurrencies as investment avenues.

Startups emerge as prominent players in crypto investments, with 56.91% of employees in this sector actively engaging in crypto markets. Notably, crypto investments transcend income categories, with minimal variations observed among high, mid, and low-income investors. Even individuals earning below Rs 5 lakh annually are actively participating in cryptocurrency markets, emphasizing the democratization and accessibility of digital assets.

Further insights from the survey underscore a significant overlap between crypto and traditional equities (stocks & mutual funds) investments. A substantial 58.5% of investors have diversified their portfolios across both asset classes, demonstrating a multifaceted approach to wealth building. Conversely, only 5.5% of respondents exclusively focus on crypto investments, while 17% concentrate solely on equities.

The survey conducted by Mudrex encompassed a diverse group of adults across India, ranging from 20 to 60 years old and spanning various income brackets.

The majority of participants were young adults, with 80% falling within the 20 to 35 age bracket, maintaining a male-to-female ratio of 3:1. Annual incomes varied widely, ranging from below 5 lakh to above 50 lakh. Moreover, participants were drawn from all major sectors of the economy, ensuring a comprehensive representation across diverse industries.

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