27-October-2021
Markets and Finance
 
'Youngistaan' has a passion for cryptos, too
13-Oct-2021

Crypto exchanges have recorded a spurt in students investing in cryptocurrencies as the disruptive asset class has found favour with the community as an investment option. Data from top exchanges indicate that about 15% to 20% of all the users are students and in the 18-20 year age group. The number of students trading and investing in cryptocurrencies has jumped up to six times at the top exchanges when compared with last year - or for that matter even a few months ago. Data from the exchanges also indicate that about 30% of all the students investing in cryptocurrencies are either engineers or have a technology background. About 20% are pursuing fashion and related courses, while 10% are studying arts, media and entertainment. A sudden crypto buying event seems to have taken place over the last two months when the global rally in cryptocurrencies has caught everyone's attention. "We have seen an increase of 480.78% in students buying crypto-assets and 18.2% participation from female traders," said Shivam Thakral, CEO, BuyUcoin, a cryptocurrency exchange.

News Source:- https://economictimes.indiatimes.com/markets/cryptocurrency/youngistaan-has-a-passion-for-cryptos-too/articleshow/86981750.cms