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Delhi, Jaipur recorded highest crypto adoption in 2022: CoinSwitch

CoinSwitch annual report: The highest holdings in the virtual currencies in India were in Bitcoin, and it was followed by Dogecoin and Ethereum

Photo: Bloomberg
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Photo: Bloomberg

Raghav Aggarwal New Delhi
The highest crypto adoption in India in 2022 was recorded in New Delhi, a report showed on Wednesday. It was followed by Bangalore and Hyderabad. In tier-2 cities, Jaipur saw the highest adoption of cryptocurrency, followed by Lucknow and Pune.

"Capital city Delhi leads India on crypto adoption—measured in terms of value invested—followed by India's tech hubs of Bangalore and Hyderabad," according to the "India's Portfolio 2022" report released by crypto exchange CoinSwitch.

"The pink city of Jaipur has the highest crypto adoption among tier-2 and tier-3 cities, followed by Lucknow and Pune," the report said.

The highest holdings in