India leads in the total number of first-time crypto investors in the last three months, according to a new report

India leads in the total number of first-time crypto investors in the last three months, according to a new report
Representative imageIANS
  • Crypto investors around the world are also looking for more educational resources for investing in digital assets.
  • India, Brazil, and Hong Kong had the most first-time investors around the world.
  • More women are investing in cryptocurrencies than ever before.
India is amongst the top three countries where crypto adoption has skyrocketed over the last three months. According to a report by crypto exchange Gemini, over 54% of respondents from India were first-time investors in cryptocurrencies over the past year. The country ranked ahead of Brazil and Hong Kong, each of which had 51% of respondents saying they were first-time investors over the past year.

The company surveyed about 30,000 individuals in 20 countries between November 2021 and February 2021, which includes 1706 respondents from India, 1700 from Brazil, and 1105 from Hong Kong.

Further, the report also said that 41% of all respondents across the world were “crypto curious”. These are people “who do not currently own crypto, but are either interested in learning more or say they are likely to acquire cryptocurrency in the next year”, the report said.

“Compared to other regions, nations in Europe had a high number of crypto-curious respondents. Ireland led among the crypto-curious with 58% saying they are interested in learning more about crypto or purchasing crypto in the coming year,” the report said.

Perhaps an even more interesting nugget is that 47% of the respondents who planned to buy crypto for the first time in the next year were women. And amongst these respondents, “at least half” of the women were from developing nations like Israel, Indonesia, and Nigeria. “Conversely, in developed countries and regions, only a third of current crypto owners are women, including in the United States (32%), Europe (33%), and Australia (27%), said the report.


Additionally, the report noted that users are more likely to seek education about cryptocurrencies now. 40% of the respondents globally said that more educational resources on cryptocurrency would help them get started in the industry; a stark difference from yesteryears when users were investing in crypto based on recommendations from friends. Only 22% of the respondents said they would take advice from friends for investing in crypto.

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