Crypto in India is still in its infancy, but recent data suggests that the country is gradually making strides to make crypto a major financial line. According to Sumit Gupta of CoinDCX just stated that India currently ranks #1 in the grassroot crypto adoption. This suggests that India is slowly but surely gearing itself up for a more robust adoption.
As per experts, the grassroot adoption programs of India can surge the individual and institutional interest in the landscape. This can also increase the overall liquidity of crypto as per Indian standards. This will make major crypto firms interested in India and it could become another superpower to wholeheartedly adopt crypto.
Is India The Next Big Name?
As per Sumit Gupta, India is actually showing heightened interest in crypto over the last few years. Gupta also pointed out that the environment of crypto is driven forward by honest feedback and genuine support. Therefore, this unique blend of these two factors will encourage a culture of transparency.
The biggest and most important factor about crypto adoption is that India is laying the foundation before that final push. This means, that the crypto landscape of the state will be more stable and less prone to sudden regulatory changes.
This stability is crucial as it provides a sense of safety to the traders. As a result, making the landscape better suited for experimentation and innovation. Then again, crypto has a mind of its own and the recent geopolitoical tenmsion between India and Pakistan could derail the plan.
Hence, only time will tell us what the outcome will be in the future.
