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India Cryptocurrency Markets, Competition, Forecast & Opportunities, 2029F Featuring Prominent Platforms – WazirX, CoinSwitch, ZebPay, and Unocoin

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2 years ago

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India Cryptocurrency Markets, Competition, Forecast & Opportunities, 2029F Featuring Prominent Platforms – WazirX, CoinSwitch, ZebPay, and Unocoin

DUBLIN, Feb. 22, 2024 /PRNewswire/ — The “India Cryptocurrency Market, By Region, By Competition Forecast & Opportunities, 2019-2029″ report has been added to  ResearchAndMarkets.com’s offering.

The India Cryptocurrency Market was valued at USD 221.5 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.75% through 2029, reaching USD 326.6 million.

The India cryptocurrency market has witnessed significant growth and evolving dynamics in recent years. Cryptocurrencies, digital or virtual assets designed to work as a medium of exchange, have gained prominence among investors, traders, and the general public in India. The India cryptocurrency market has experienced remarkable growth in terms of adoption and trading volumes.

Several factors have contributed to this growth, including increasing awareness, a tech-savvy population, and the potential for high returns on investments. The regulatory landscape for cryptocurrencies in India has been a subject of debate and change. In early 2020, there was uncertainty surrounding the legal status of cryptocurrencies, as there were concerns about their potential use for illicit activities. However, in March 2020, the Supreme Court of India lifted the banking ban imposed by the Reserve Bank of India (RBI) on cryptocurrency transactions, providing a significant boost to the market.

Despite this, the regulatory environment remained fluid, with discussions on potential cryptocurrency regulations ongoing. The Indian government was reportedly considering a bill to regulate cryptocurrencies, but the specifics of the regulations were not clear as of my last knowledge update.

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India has seen the emergence of numerous cryptocurrency exchanges and trading platforms. Some of the prominent platforms include WazirX, CoinSwitch, ZebPay, and Unocoin. These platforms allow users to buy, sell, and trade a variety of cryptocurrencies, catering to both beginners and experienced traders.

Cryptocurrencies have garnered substantial interest from Indian investors and traders. Many individuals and institutional investors have started diversifying their portfolios by including cryptocurrencies as an asset class. Bitcoin and Ethereum have been particularly popular choices among Indian investors.

The India cryptocurrency market is poised for further growth and maturation. The regulatory landscape will likely play a crucial role in shaping the market’s future. Clarity in regulations and investor protection measures could attract more participants and capital into the market. As cryptocurrencies become more integrated into the global financial ecosystem, India will likely continue to be a significant player in the space, with the potential for increased adoption and innovation in the years ahead.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India cryptocurrency market.

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  • Intel Corporation India Private Limited
  • NVIDIA Corporation
  • Microsoft Corporation India Pvt Ltd
  • Xilinx India Private Limited
  • Advanced Microdevices Pvt. Ltd.
  • Amazon India Pvt Ltd.
  • Unocoin
  • BitGo
  • Coinbase
  • Ripple Labs Private Limited

Report Scope

India Cryptocurrency Market, By Type:

India Cryptocurrency Market, By Process:

India Cryptocurrency Market, By Offering:

  • Bitcoin
  • Etgereum
  • Bitcoin Cash
  • Ripple
  • Dashcoin
  • Litecoin
  • Others

India Cryptocurrency Market, By End User:

  • Banking
  • Real Estate
  • Stock Market
  • Virtual Currency

India Cryptocurrency Market, By Region:

For more information about this report visit https://www.researchandmarkets.com/r/yritw

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Crypto

Millions of dollars in crypto left Iranian exchanges after strikes, researchers say

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5 hours ago

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March 3, 2026

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Millions of dollars in crypto left Iranian exchanges after strikes, researchers say
Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli ‌strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.
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Wisconsin lawmakers crack down on cryptocurrency scams

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17 hours ago

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March 3, 2026

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Wisconsin lawmakers crack down on cryptocurrency scams

MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.

Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.

Americans lost over $330 million to scams involving crypto-kiosks in 2025.

As amended; the bill that passed the assembly would:

  • set daily transaction limits at $1,000
  • require cryptocurrency-kiosk operators to provide users with receipts
  • implement consumer-identification measures for every transaction
  • allow scam victims to receive refunds

“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”

Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.

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Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.

“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”

The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.

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Crypto

HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities

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1 day ago

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March 2, 2026

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HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities
Rising Iran conflict risks are jolting global markets, with HSBC warning oil shocks, currency swings, and equity volatility hinge on whether supply routes and production are disrupted, shaping inflation expectations and investor risk appetite worldwide. HSBC: Long-Running Conflict Would Reshape FX, Rates, and Equity Leadership Escalating geopolitical tensions are reshaping the global market outlook. Global […]
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