Shiba Inu has achieved a remarkable milestone in India, ranking among the most traded coins this year in the country, outpacing even Bitcoin$BTC
.
Kashif Raza, the founder of the #bitcoin education platform Bitinning, called attention to this development in a recent post on X, providing an insight into India’s crypto landscape in 2024.
Although Raza initially claimed that the data reflects India’s broader crypto landscape in 2024, further insight shows that the stats were limited to activity on the popular India-based exchange CoinSwitch.
CoinSwitch User Activity
Notably, the exchange now has 20 million users, with women representing 11% of them. These investors were mostly active between 9 PM and 11 PM daily. Also, most of them are young, with about 72% aged below 35.
The data showcased interesting facts about users’ activity, including the most traded asset and most held token.