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India Has Highest Number of Cryptocurrency Owners in the World at Over 10 Crore: Report

YB WEB DESK. Dated: 10/15/2021 3:44:51 PM

Cryptocurrency's legal standing in India is uncertain but that hasn't dampened the spirit of Indians from investing in the asset. As per an annual proliferation index put together by broker discovery and comparison platform BrokerChoose, India has the highest number of cryptocurrency owners globally in terms of an individual number of holders. The United States and Russia were ranked a fairly distant second and third, respectively. In terms of number of crypto owners in terms of population, India has the fifth-highest crypto ownership rate, but the country's sheer population blows other countries away. Based on the percentage of a country's population who are crypto owners, the rankings are led by Ukraine (12.73 percent), Russia (11.91 percent), Kenya (8.52 percent), and the US (8.31 percent), while stood fifth with 7.3 percent. But since India's population is gargantuan in comparison to the likes of Ukraine and Russia, the two nations aren't even remotely.