3 min read.Updated: 18 Oct 2021, 09:43 PM ISTAndy Mukherjee, Bloomberg
They’re advertised heavily and could even rival mutual funds soon
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In hundreds of India’s small cities and towns, a generation that has hardly had any experience with stocks and bonds is heading straight for Bitcoin, Ethereum, Cardano and Solana. The average age of the 11 million users of CoinSwitch Kuber, a cryptocurrency trading app that didn’t exist 18 months ago, is 25, and 55% of them are from outside large metropolises like New Delhi or Mumbai.