Connect with us

Crypto

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

Published

2 years ago

on

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.

Advertisement

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.

Advertisement
  • 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.

Advertisement


Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo – https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Advertisement
Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Crypto

Standard Chartered and Coinbase Expand Institutional Crypto Rails as Banking and Exchange Infrastructure Lock in

Published

2 hours ago

on

December 15, 2025

By

Standard Chartered and Coinbase Expand Institutional Crypto Rails as Banking and Exchange Infrastructure Lock in
Standard Chartered and Coinbase are pushing institutional crypto adoption forward by expanding a global digital asset partnership, signaling deeper integration between regulated banking infrastructure and crypto-native platforms as institutional demand accelerates.
Continue Reading

Crypto

UK Treasury to regulate cryptocurrency under new legislation

Published

14 hours ago

on

December 14, 2025

By

UK Treasury to regulate cryptocurrency under new legislation

The UK is set to introduce new legislation by 2027 that will bring cryptocurrencies, including Bitcoin, under a regulatory framework akin to traditional financial products.

The Treasury has unveiled plans for these new laws, which will mandate crypto firms to adhere to a specific set of standards and rules. These will be rigorously overseen by the Financial Conduct Authority (FCA).

This move comes amidst a broader push to reform the burgeoning crypto market, which has seen a surge in popularity as both an alternative investment and a method of payment.

Currently, unlike established financial instruments such as stocks and shares, the cryptocurrency sector lacks comparable regulation, potentially leaving consumers with reduced protection.

Chancellor Rachel Reeves said: “Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age.
Chancellor Rachel Reeves said: “Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age. (Ben Birchall/PA)

The Government said the new rules, coming into force in 2027, will make the industry more transparent and make it easier to detect suspicious activity, impose sanctions or hold firms to account over their activity.

Chancellor Rachel Reeves said: “Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age.

Advertisement

“By giving firms clear rules of the road, we are providing the certainty they need to invest, innovate and create high-skilled jobs here in the UK, while giving millions strong consumer protections, and locking dodgy actors out of the UK market.”

Crypto firms, which can include crypto exchanges and digital wallets, currently have to register with the FCA if they provide services that fall within the scope of money laundering regulations.

The changes will bring firms that provide crypto services into the remit of the FCA with the intention of supporting legitimate businesses.

City minister Lucy Rigby said: “We want the UK to be at the top of the list for cryptoassets firms looking to grow and these new rules will give firms the clarity and consistency they need to plan for the long term.”

Advertisement
Continue Reading

Crypto

SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

Published

1 day ago

on

December 14, 2025

By

SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
The SEC is signaling a decisive push to move U.S. financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and regulatory strategy under Chair Paul Atkins.
Continue Reading

Trending