India’s Wealthy Are Piling Into Crypto, and Exchange Data Proves It
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- Indian HNIs and family offices are raising crypto allocations, favoring Bitcoin and Ethereum.
- Trading volumes and average trade sizes surged across top Indian exchanges in July.
- U.S. Crypto Week and pro-crypto legislation add to market confidence globally.
India’s wealthiest investors are making a significant move into crypto, with top exchanges like CoinDCX and Mudrex reporting a sharp increase in trading volumes from high-net-worth individuals (HNIs) and family offices.
This transition follows the latest rally in Bitcoin and Ethereum, with leading Indian exchanges reporting a significant uptick in HNI activity. The ongoing U.S. Crypto Week has further fueled global investor confidence.
More Capital Flows Into Crypto from Indian HNIs
According to Money Control, exchanges including CoinDCX, CoinSwitch, Mudrex, and ZebPay have seen increased participation from Indian HNIs and family offices in recent weeks.
Related: No Warning: CoinDCX Delists Major Pairs, Indian Crypto Community Erupts
Crypto platform Mudrex reported that its HNI trading volumes surged 30% in one week, reaching $10 million. CoinDCX recorded a 25% to 30% month-on-month increase …
The post India’s Wealthy Are Piling Into Crypto, and Exchange Data Proves It appeared first on Coin Edition.
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