WazirX Says 55% Surge In Indian Crypto users On Their Platform
WazirX exchange claimed that there is a huge increment in the number of users at their platform can be seen from the small cities of India. They also noted that 65% womens are showing an inclination towards crypto assets out of 55% users which are from small cities.
In the present time crypto is neither legal nor illegal in India. But time to time indian government authorities keep warning about the risks associated with the crypto Investment. But still the population of India is showing huge Inclination towards crypto adoption, no matter what the reasons are.
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Indian exchange Wazirx, which is fully owned by Binance Exchange, claimed that they are getting a huge boost in the users to get signup on their platform. Around 2,648% surge in the users can be seen from small cities of India in 2021.
“Tier-II and tier-III cities have driven almost 55% of total user signups on WazirX in 2021.”
This data gives Avery important information also. The numbers of users who sign-up from the Tier-II and tier-III cities have around 64% female users. This shows a shocking report for the exchange, because the government of India is still working on education & women empowerment which is indication that majority of Indian women are facing problems of lack of education and awareness in technology related fields.
Well no matter, whether these are because users want to save themselves from tax or something else trick, but probably this will surely indicate that Indian users’ flow is very high in the present crypto space.
Also, WazirX reported that during the Covid-19 pandemic situation huge numbers of users got. They gained around 2,950% users in tier-II cities like Ahmedabad, Lucknow and Patna, followed by a similar 2,455% spike in tier-III cities like Ranchi, Imphal and Mohali.
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