Report cover image

Cryptocurrency Market in India 2023

Publisher Netscribes (India) Pvt. Ltd.
Published May 01, 2023
Length 51 Pages
SKU # NBS18138620

Description

Cryptocurrency Market in India 2023


Market insights:

According to statistics provided by cryptocurrency exchanges CoinSwitch Kuber and WazirX, India is gradually becoming a major worldwide center for cryptocurrencies, with the millennial and Generation Z populations serving as the main drivers of this expansion. The Indian economy would benefit from the wide use of Bitcoin and Ethereum by potentially reducing middlemen and lowering transaction costs. Indian Cryptocurrency market was valued at INR 8.62 Bn in 2022 and is expected to reach INR 10.75 Bn by 2027 at a Compound Annual Growth Rate (CAGR) of ~5.16% during the 2023 – 2027 period.

Market Trends:

Non-Fungible Tokens (NFTs): NFTs are used to represent ownership of digital content such as art, music, videos, and other creative works. They allow creators to sell their work as a one-of-a-kind item, with the buyer owning the original digital asset.

Move to Earn (M2E): This is a physical activity to reward with cryptocurrency. It involves using an app or platform that tracks your physical activity, such as steps taken or distance traveled, and then rewards you with cryptocurrency.

Play to Earn (P2E): The idea behind Play to Earn is to incentivize players to spend more time playing a particular game, as the more they play, the more digital tokens or coins they can earn.

Central Bank Digital Currency (CBDC): CBDCs operate on a blockchain network or other distributed ledger technology, which enables the central bank to maintain control over the currency while providing faster and more secure transactions.

Table of Contents

51 Pages
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Introduction to digital currency
3.2. Introduction to cryptocurrency
3.3. Evolution of cryptocurrency in India
4.4. Public and private cryptocurrencies
Chapter 4: Market overview
4.1. Market size and growth forecast based on revenue (2021 – 2027e)
4.2. Number of Crypto Exchange Users and growth forecast (2021 – 2027e)
4.3. Average Revenue Per User 2022
4.4. Global Crypto Adoption Index across Different Categories
4.5. Top Investments in India’s Crypto and Blockchain sector 2022
4.6. Cryptocurrency Prices in India
4.7. Top 3 cryptocurrency price over time
Chapter 5: Government Initiatives
5.1. Government initiatives
Chapter 6: Market Influencers
6.1. Market drivers
6.2. Market challenges
Chapter 7: Market Trends
7.1. Market trends
Chapter 8: Technology Landscape
8.1. Technology landscape
Chapter 9: Cryptocurrency Exchanges in India
9.1. Cryptocurrency exchanges
9.1.1. Bitbns
9.1.2. CoinDCX
9.1.3. CoinSwitch Kuber
9.1.4. Giottus
9.1.5. Unocoin
9.1.6. WazirX
Chapter 10: Website Benchmarking
10.1. Website benchmarking
Chapter 11: Emerging Startups
11.1. Emerging startups
Chapter 12: Recent Development
12.1. Recent Development
Chapter 13: Appendix
13.1. Research methodology
13.2. About Netscribes
13.3. Disclaimer

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us