Delhi has emerged as the cryptocurrency hub of India

Delhi boasts highest percentage of cryptocurrency investors

There are over 19 million crypto investors nationwide

In a surprising turn of events, Delhi has emerged as the cryptocurrency hub of India, outshining Mumbai and Bengaluru, traditionally known as the financial and technological capitals, respectively.

According to a recent report by CoinSwitch, Delhi boasts the highest percentage of cryptocurrency investors in the country. The report indicates a significant presence of over 19 million crypto investors nationwide, with Delhi leading the pack at 8.8 percent, surpassing Mumbai and Bengaluru.

This revelation positions Delhi as the epicenter of the burgeoning cryptocurrency market in India. Mumbai and Hyderabad secure the second spot, with Bengaluru closely following in the fourth position, all showcasing substantial but comparatively lower percentages of crypto investors.

The report also sheds light on the demographic composition of the crypto community, emphasizing that a staggering 75 percent of investors fall within the age group of 18 to 35 years.

This demographic, known for its technological savvy and progressive outlook, actively participates in and influences the dynamics of the cryptocurrency market.

As Delhi takes the lead in this financial revolution, it signifies a shift in the traditional hierarchy of economic and technological influence within the nation.