India · Updated 29 Oct, 05:38 pm IST
India’s crypto market is moving from speculation to utility, says industry piece
Why it matters for readers: Helps understand that recent developments mean crypto is becoming more integrated with regular finance in India.
- The author says Indian crypto investors are becoming more sophisticated and portfolios more diversified.1
- Key opportunities now are infrastructure, trust and scale rather than basic access which was the main challenge in 2018.1
- Compliant INR on- and off-ramps are seen as important for making digital assets more accessible, transparent and integrated with the financial system.1
- Coinbase’s return to India is presented as a signal that global capital, technology and operating expertise increasingly recognise India as a market.1
- The article notes the opportunity extends beyond trading, mentioning that stablecoins could transform cross-border payments.1
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