Showing posts with label Indian Crypto Exchange Market. Show all posts
Showing posts with label Indian Crypto Exchange Market. Show all posts

Thursday, August 17, 2023

What lies ahead for India Crypto Exchange market? : Ken Research

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This white paper delves into the promising potential of India's crypto exchange market, by presenting a comprehensive analysis based on extensive primary and secondary research. By examining growth drivers, government actions, and future prospects, this whitepaper aims to provide valuable insights into the evolving landscape of cryptocurrency trading in India.
Our research is rooted in a rigorous methodology that combines in-depth interviews with key industry players, a thorough examination of market trends, and an analysis of government regulations. We present a holistic view of the Indian crypto exchange market, exploring its current state, growth trajectory, and the factors influencing its development.
By delving into the dynamics of this market, we aim to equip stakeholders, investors, and policymakers with the knowledge required to navigate the opportunities and challenges that lie ahead. Read on to learn more on the potential of India's crypto exchange market, as we uncover its untapped possibilities.

1. The last decade saw an increase in awareness of virtual currencies, and a fast-growing tech-savvy population seeking alternative modes of investments created a buzzing crypto universeIndia’s Crypto Exchange market

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2. Young Investors Are Driving The Crypto Exchange Industry Growth In India Coupled With Cross-Border Remittances & Decentralized Finance (Defi) Which Are Major Traction For Investors

India’s Crypto Exchange market2.1 Moreover, factors such as strict foreign regulations made Rupee conversation complicated, therefore Indians are opting for digital currencies for conversion of INR to a more stable fiat currency

India’s Crypto Exchange market2.2 The introduction of Central Bank Digital Currency (CBDC) and the increasing popularity of NFTs among others has contributed to enhanced visibility of digital currencies in the market.

India’s Crypto Exchange market3. Though India is booming as a hub for Cryptos, there are several issues associated with it such as operational risks, cyber risks and governance risks.

India’s Crypto Exchange market4. To curb the issues, the Government of India played a major role to form a committee to draft regulatory frameworks on Cryptos, working with the Financial Action Task Force to update Crypto policies, and…

India’s Crypto Exchange market4.1. ... Pushed for the upliftment of the blanket ban on virtual currencies and set up Cybercrime unit for detection of the crypto-related frauds held online

India’s Crypto Exchange market5. Indian Crypto market shows good potential due to a surge in Crypto investments, Non-Fungible Tokens and entry of International Cryptocurrency Exchanges in India indicates a strong step forward

India’s Crypto Exchange marketSome of the Intelligence Curated by Ken Research in Crypto Exchange Market Space:

  • MENA Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
  • Australia Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
  • Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
  • Global Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
  • India Payment Service Market Outlook to 2027F driven by government initiatives & rising need for faster payment modes

To Know more about this Whitepaper, Visit this link:-

Indian crypto exchange market

Monday, October 10, 2022

Indian Crypto Exchange Market is expected to expand at a CAGR of ~30% on the basis of Revenue in between FY’22-FY’27: Ken Research

 

  • Crypto currencies will come up as a medium for cross border remittances which will reduce the fees involved in transaction
  • Crypto currencies can be seen as an alternative medium of foreign exchange in the coming future due to the higher flexibility specially for unstable currencies

Cross-border Remittances

Cryptocurrency as a cross-border payment medium will make a big difference in the Indian market. Due to great remittance demand, it will drive the prosperity of digital currency growth in India for a long time. Since cross-border transactions traditionally carry high fee using bitcoin or other cryptocurrencies as a cross-border payment medium, Indians can save a large number of remittance fees

Online and Offline (OnO)

In near future, users will be able to spend their cryptocurrency to purchase products, vouchers, pay bills and do even more at discounted rates on all major e-commerce websites around the world. Such purchases & transactions would be aided by a browser plugin that helps buyers calculate the real-time value of an equivalent amount of cryptocurrency to be paid in fiat for the purchase. Providing support for online and offline purchases  by crypto exchange platforms could pave as traction for users which serves as an immediate opportunity of crypto exchange platforms  and enabling offline purchases could be made possible by virtual currencies tying up with local merchant

Strict Foreign Exchange Regulations

Due to strict foreign exchange regulations, it is complicated to convert rupee directly to US dollars. The value of Indian rupee is not stable, especially during the Covid-19 pandemic. The exchange rate between rupee and USD continued to rise, causing the former to enter constant depreciation. Therefore, most Indians will choose to convert rupee to bitcoin & then to US dollars (a more stable fiat currency) through C2C trading platforms such bitcoins which paves a way for crypto exchange platforms to increase their user base.

Central Bank Digital Currency

There has been an increased adoption of CBDCs (Central Bank Digital Currency), with India also now moving on the path of having its own CBDC by the year 2023 (as per the address by Finance Minister of India in the Union Budget for FY 2022-23). India’s high currency to GDP ratio holds out another benefit of CBDCs. To the extent large cash usage can be replaced by CBDCs, the cost of printing, transporting, storing and distributing currency can be reduced

Future Opportunities for Indian Crypto Exchange Platforms

With increasing operational efficiency of crypto exchange platforms, higher liquidity and transparency in financial payments, crypto exchange platforms have a huge opportunity to cater the ever-increasing user base due to surging awareness among the country residents leading to wide scale adoption of virtual currency in India.

The publication titled Indian Crypto Market Outlook to 2027: Driven by growing adoption of cryptocurrencies, with high liquidity, proper risk management facilitated by Indian crypto exchange platformsprovides a comprehensive analysis of the crypto exchange industry in India. The report covers various aspects including crypto exchange industry market size on the basis of revenue, market overview, genesis of the market, market potential, value chain analysis of centralized and decentralized exchanges, ecosystem, business model of leading crypto exchanges, growth drivers, issues and challenges, SWOT analysis, major trends and developments, role of government, regulation and tax implications, investment analysis, merger and acquisitions in the last 3 years, segmentation by funding rounds, segmentation by type of institutional investors, segmentation by origin of funding source and impact of COVID-19. Insights on competitive landscape of crypto exchange industry, company profile of major players along-with cross comparison between leading crypto exchange platforms operating in the ecosystem on the basis of company overview, number of employees, revenue generated, number of registered users, country of origin, revenue model, fee structure, key features, strengths, weaknesses and recent developments is also covered in the report. Further report also focuses on the Indian Crypto Exchange Market Segmentation by By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency. Indian Crypto Exchange Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in Indian Crypto Exchange Industry

Indian Crypto Exchange Market

  • By Origin of Company
  • Domestic
  • International
  • By Type of Transaction
  • Regular
  • Peer to Peer
  • By Geographic Region
  • Northern
  • Southern
  • Eastern
  • Western

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  • By Age Group of Users
  • Below 20 years
  • Between 20-40 years
  • Between 40-60 years
  • Above 60 years
  • By Type of Cryptocurrency
  • Bitcoin
  • Ethereum
  • Cardano
  • Tether
  • Binance Coin-USD
  • Polygon
  • Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage,2019-2021
  • Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors,2019-2021
  • Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges,2019-2021

Indian Crypto Demand Side: End User Analysis

  • Target Addressable Market, Service Addressable Market and Service Obtainable market in the Indian Crypto Exchange Industry

Key Target Audience

  • Crypto Exchange Platforms
  • Investors such Venture Capitals and Angel Investors
  • Traders
  • Banking Institutions
  • Regulatory Bodies
  • Potential Crypto users

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecast Period: 2022-2026F

Indian Crypto Exchange Industry Players/Ecosystem

  • Indian Crypto Exchanges
  • CoinDCX
  • ZebPay
  • WazirX
  • CoinSwitch Kuber
  • Unocoin
  • BuyUCoin
  • Bitbns
  • Giottus
  • Flitpay
  • Belfrics
  • in
  • PCEX Member
  • Non-Indian Exchanges
  • Binance
  • Okx
  • Coinbase
  • Kraken
  • Bitfinex
  • Bitstamp
  • Vauld
  • Coinmama
  • Coinstore

Key Topics Covered in the Report

  • Overview and Genesis of Indian Crypto Exchange Market
  • Market Potential of Indian Crypto Exchange Market.
  • Ecosystem of Major Entities in Cryptocurrency Exchange Market
  • Value Chain Analysis of Centralized Exchanges
  • Value Chain Analysis of Decentralized Exchanges
  • Business Models of Major Indian Crypto Exchange
  • Indian Crypto Exchange Market Size on the basis of Revenue and Total Transaction Value
  • Indian Crypto Exchange Market Segmentation (By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency)
  • Domestic Consumer Demographics: Age group, Gender and Occupational Domains
  • Consumer Perception: User-Interface, Customer Experience and Delighters
  • Preference for P2P Vs Regular Transaction model for Cryptocurrencies in India
  • Trends and Developments in the End User Preferences in the last 5 years
  • Growth Drivers of the Indian Crypto Exchange Market
  • Issues and Challenges
  • Role of Government in the Indian Crypto Exchange Market
  • Regulations and Tax Implications in the Indian Crypto Exchange Market
  • SWOT Analysis
  • Start-Ups (Split by Year of Formation) across Indian Crypto Exchange Market and Other Ecosystem Players
  • Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage
  • Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors
  • Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges
  • Investment Analysis of the Indian Crypto Exchange Market, Mergers and Acquisitions in the last 3 years within the Indian Crypto Exchange Market
  • Cross comparison of major players in the Indian Crypto Exchange Market (Year of Establishment, Number of Employees, Revenue Generated, Number of Registered users, Country of Origin)

Company Profile of leading Indian Crypto Exchange Platforms (Company Snapshot, About the Exchange, Revenue model, Fee structure, Key Features, Strength, Weakness, Recent Developments and Key Takeaways)

  • Impact of Covid-19 on the Indian Crypto Exchange Market
  • Target Addressable Market, Service Addressable Market and Service Obtainable Market in Indian Crypto Exchange Industry
  • Analyst Recommendations
  • Industry Speaks

For more information on the research report, refer to the below link: -

Indian Crypto Exchange Market Outlook to 2027:Ken Research

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