{"id":7677,"date":"2021-08-11T11:33:33","date_gmt":"2021-08-11T10:33:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7677"},"modified":"2021-08-11T11:33:43","modified_gmt":"2021-08-11T10:33:43","slug":"survey-shows-women-from-small-cities-in-india-contribute-to-65-of-crypto-sign-ups","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/survey-shows-women-from-small-cities-in-india-contribute-to-65-of-crypto-sign-ups\/","title":{"rendered":"Survey shows women from small cities in India contribute to 65% of crypto sign ups"},"content":{"rendered":"\n
India's Mumbai-based WazirX cryptocurrency exchange<\/a> in its latest data shows an increase in signups from smaller cities across India has amounted to a 2,648%.<\/h5>\n\n\n\n
\"Survey<\/figure>\n\n\n\n

India's legislative uncertainty hasn't dampened investor enthusiasm for cryptocurrency\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, according to the most recent data from cryptocurrency exchanges.<\/p>\n\n\n\n

WazirX, a Binance-owned Indian crypto exchange, has seen a 2,648% increase in user signups from smaller Indian cities, generally known as tier-II and tier-III cities, with populations of up to 100,000 people. According to the Mumbai-based exchange:<\/p>\n\n\n\n

\u201cTier-II and tier-III cities have driven almost 55% of total user signups on WazirX in 2021.\u201d<\/p><\/blockquote>\n\n\n\n

In addition, the data revealed an increase in the number of female investors and fans across the country. 65% of the accounts ascribed to Indian women on WazirX are headquartered in India's tier-II and tier-III cities, according to the data.<\/p>\n\n\n\n

WazirX claimed a 2,950% increase in tier-II cities like Ahmedabad<\/a>, Lucknow, and Patna, as well as a 2,455% increase in tier-III cities like Ranchi, Imphal, and Mohali, citing pandemic-induced lockdown as the main trigger.<\/p>\n\n\n\n

Razorpay, a Bengaluru-based fiat payments gateway provider, also revealed that smaller cities accounted for about 54% of the traffic on their network, indicating a 92% increase in digital transactions.<\/p>\n\n\n\n

WazirX said that investors are looking to crypto as a way to achieve financial independence, a higher standard of life, and a source of secondary income based on an immediate follow up with female traders.<\/p>\n\n\n\n

Despite conventional finance's opposition, the Indian crypto scene continues to reach new heights. CoinDCX, a Mumbai-based cryptocurrency exchange, raised $90 million in a Series C fundraising round<\/a> yesterday, making it India's first crypto unicorn.<\/p>\n\n\n\n

IndiaTech.org, a non-profit organization, recently advocated a regulatory framework for the Indian government, outlining how to regulate crypto assets and exchanges.<\/p>\n\n\n\n

Sumit Gupta, CEO of CoinDCX, praised the action, saying that the proposals might \u201copen the huge potential for Indians to engage in this new global asset class.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s Mumbai-based WazirX cryptocurrency exchange in its latest data shows an increase in signups from smaller cities across India has amounted to a 2,648%. India’s legislative uncertainty hasn’t dampened investor enthusiasm for cryptocurrency , according to the most recent data from cryptocurrency exchanges. WazirX, a Binance-owned Indian crypto exchange, has seen a 2,648% increase in […]<\/p>\n","protected":false},"author":12,"featured_media":7678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[416,2115,2116,1597],"class_list":["post-7677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-survey","tag-tier-ii","tag-tier-iii","tag-wazirx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Survey-shows-women-from-small-cities-in-India-contribute-to-65-of-crypto-sign-ups.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7677"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7678"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}