{"id":5898,"date":"2023-03-20T06:29:46","date_gmt":"2023-03-20T06:29:46","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=5898"},"modified":"2023-03-20T06:29:46","modified_gmt":"2023-03-20T06:29:46","slug":"india-to-hit-156-million-crypto-users-in-2023-5x-more-than-the-united-states","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/03\/20\/india-to-hit-156-million-crypto-users-in-2023-5x-more-than-the-united-states\/","title":{"rendered":"India to Hit 156 million Crypto Users in 2023, 5x more than the United States"},"content":{"rendered":"

In 2023, cryptocurrency is expected to account for almost $43bn worth of transactions worldwide, up 24% from $34.3bn a year ago. Over half of that value will come from the United States, the world`s largest crypto market. Still, the US market is far behind India when it comes to crypto ownership.<\/p>\n

According to data presented by BitcoinCasinos.com<\/a>, India is expected to hit over 156 million crypto users in 2023, or five times more than the United States.<\/p>\n

India Has 3x more Crypto Users than the US, Japan, the UK, and Russia Combined<\/strong><\/h3>\n

Over the past six years, India has seen a major rise in crypto investors, despite a historically negative attitude toward the sector from the government. The country`s cryptocurrency market gained traction during the pandemic years, with the number of crypto users swelling by a massive 760% between 2017 and 2022 to 134 million, according to Statista data.<\/p>\n

One of the key reasons for such an impressive crypto adoption was a growing, well-educated middle class combined with a less-developed traditional financial system in the country. Statista expects the number of crypto owners in India to continue growing and hit new highs this year. With 156 million people using digital coins in 2023, India will have three times more crypto users than the United States, Japan, United Kingdom, and Russia Combined.<\/p>\n