A report by crypto trading platform CoinSwitch showed Delhi maintained its lead in India’s crypto adoption, followed by Bangalore and Mumbai. The parameter for this was in terms of value invested.

• According to the report, more than 20 per cent of India’s total crypto investments are concentrated in the three major metropolitan areas:
• Delhi (9 per cent), Bangalore (8 per cent) and Mumbai (5 per cent). Ghaziabad claimed the 10th position in the list of the top invested cities, replacing Patna. 
• The report also states that the markets picked up significantly towards the end of 2023. Bitcoin, which the company claims to be the most prominent crypto, ended with more than 150 per cent year-on-year (compared with last year).
• Meanwhile, Ethereum and several meme coins also ended the year in green. After touching a low of less than $1 trillion in June 2022, the total crypto market capitalisation grew to over $1.5 trillion by December 2023.