Average age of Indian crypto investors has risen from 25 in 2022 to 30 in 2023: Report

CoinDCX, a crypto exchange, has unveiled its ‘‘Year End Report – 2023’ Unfolding India’s Crypto Story’’.

According to an official release, 10 cities hold 60% of the user base, them being tier-2 cities such as Lucknow and Patna emerging as frontrunners in adoption, with Jaipur, Indore, Bhubaneswar, and Ludhiana, all ranking among the top 15. From what it’s understood, Indian crypto investors are maturing, with the average age rising from 25 in 2022 to 30 in 2023. Though male investors seemingly still outnumber females 7:1, 65% of women crypto users are believed to come from tier-2, tier-3 cities, and smaller towns.