Reuters: To cope with the slowdown in employment and wage growth, young people in India are turning to cryptocurrency trading

On February 25, according to Cryptonews citing Reuters, more and more young Indians are starting to increase their income through cryptocurrency trading against the backdrop of stagnant job growth and slow wage increases.

Data shows that the cumulative trading volume of cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin on India's four major exchanges doubled to $1.9 billion in the fourth quarter of 2024.

According to Grant Thornton Bharat's forecast, the size of India's cryptocurrency market is expected to grow from $2.5 billion in 2024 to over $15 billion by 2035, with an average annual growth rate of 18.5%.