India’s Crypto Revenue Expected to Reach $3.33 Billion in 2023

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India’s crypto revenue will reach $3.33 billion by 2023, as per the reports by Statista.
The current position of India in crypto adoption is second, with the US in the first position.
In the coming years, India will surpass the leading countries including the US, the UK, Japan, and Russia, predicts the report.

According to a recent analysis, India’s cryptocurrency revenue is expected to reach $3.33 billion in 2023, with the adoption of crypto by almost 156 million users.

Notably, as per the findings of the online crypto analytical platform Statista, India would overpower major countries such as the United States, the United Kingdom, Japan, and Russia this year in terms of crypto adoption.

According to the yearly revenue graph provided by the platform, since 2017, India had substantial growth in its crypto revenue, from 2017’s $0.10 billion to 2022’s $2.49 billion. As per the reports, the revenue that is expected to reach $3.33 billion by the end of 2023, would escalate to $5.34 billion in 2026 and $5.92 billion in 2027.