Indian investors look beyond Bitcoin, Japan to soften crypto tax: Asia Express

Indian crypto holders now hold 5 tokens on average, Ripple secures regulatory approval in Singapore, and Japan’s crypto tax: Asia Express

The average Indian crypto holder has become less one-track-minded when it comes to cryptocurrency and is starting to spread out their portfolio, according to recent survey results.

The Indian crypto investor today holds an average of 5 tokens per portfolio, local crypto exchange CoinDCX said in a survey report released on Thursday. This indicates the average investor in India has almost doubled the range of crypto tokens they hold, up from around two to three tokens in 2022.

The data suggests Indian investors are moving away from the belief that Bitcoin alone offers sufficient exposure to the broader crypto ecosystem. CoinDCX said that investors are increasingly exploring the potential of other blockchain networks rather than focusing solely on Bitcoin.

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