Cryptocurrency

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<ul class="news-points"> 
 <li><strong>According to Chainalysis, India has become the world’s second-largest cryptocurrency market.</strong></li> 
 <li><strong>India received approximately $268.9 billion in crypto assets between July 2022 and June 2023.</strong></li> 
 <li><strong>DeFi accounted for 55.8% of CSAO’s regional transaction volume.</strong></li> 
</ul> 
<p>According to a report by Chainalysis, a <a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/" rel="noopener noreferrer nofollow">blockchain</a> analysis firm headquartered in New York, India has become the world’s second-largest cryptocurrency market. Chainalysis based its report on raw transaction volume and shows that Central and Southern Asia and Oceania (CSAO) hosts arguably the world’s most fascinating and dynamic cryptocurrency market.</p> 
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   <p lang="en" dir="ltr">Chainalysis said that India has become the world's second-largest cryptocurrency market based on ra estimated transaction volume, receiving an estimated $268.9 billion in crypto assets from July 2022 to July 2023. India taxes cryptocurrency at a much higher rate than most other… <a href="https://t.co/egn7GIt4xS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/egn7GIt4xS</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1704309440579768550?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 20, 2023</a> 
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<p>Chainalysis’ report shows that, by regional analysis, CSAO is the third-largest cryptocurrency market, accounting for nearly 20% of global crypto activity. In exact figures, CSAO claimed 19.3% of the g…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/india-is-the-worlds-second-largest-cryptocurrency-market-report/">India Is The World’s Second-Largest Cryptocurrency Market: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

India Is The World’s Second-Largest Cryptocurrency Market: Report

Coin Edition

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