RATE Group | India Crypto Volume Only 1% Of Global Market, Says Unocoin CEO
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India Crypto Volume Only 1% Of Global Market, Says Unocoin CEO

03 May India Crypto Volume Only 1% Of Global Market, Says Unocoin CEO

Posted at 16:24h in Cryptocurrency News by

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Cryptocurrency This Week: India Crypto Volume Only 1% Of Global Market, Says Unocoin CEO & More

According to a recent ResearchAndMarkets report, the global blockchain devices market is expected to grow at a compound annual growth rate (CAGR) of 48.7% to reach $23.5 Bn by 2030, from $0.3 Bn in 2019. The growth is said to be fuelled by corporate users in banking, financial services, and insurance (BFSI) sector and government offices are increasingly adopting digital tokens.

Speaking to Inc42, Sathvik Vishwanath, cofounder and CEO of Unocoin, said that since the trading restrictions have been lifted, Indian companies have started allowing instant deposit platform, where people can now buy Bitcoins, without any hassles. India contributes to 17% of the world’s population, but if you have seen the volume of trades happening in the cryptocurrency in India, it is not even close to 1% of the world, added…

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