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Crypto market is 'rapidly maturing' in India, Sri Lanka, and other South Asian countries: Report
The Island
|April 29, 2025
South Asia's crypto market, including India and Sri Lanka, is "rapidly maturing" as investors are focusing on security and education even while a greater number adopts crypto, according to a report by Binance, one of the world's largest cryptocurrency exchanges, The Hindu reported yesterday (28).
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The Asia Crypto Security Survey involved the study of 29,847 valid responses, with 3,321 of these coming from South Asia. Rather than being a market of early adopters, Binance's survey noted that nearly 28% of those surveyed in the region started adopting crypto around six months ago. An almost equal segment has been in the crypto market for over a year, while some have been active for more than two years, said Binance.
This story is from the April 29, 2025 edition of The Island.
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