Telangana Emerges as Least Active Crypto Market in South India
<p>HYDERABAD: Telangana has emerged as the least active cryptocurrency market in South India. This is despite being one of the higher-income states, according to a survey by Giottus. Low Trading Volumes Reflect Conservative Approach The report shows that Telangana ranks lowest in per-customer trade volumes. This suggests a cautious investment approach among investors. The average [...]<content:encoded><![CDATA[ <p data-start="183" data-end="396"><strong data-start="183" data-end="197">HYDERABAD:</strong> Telangana has emerged as the least active <a href="https://x.com/WatcherGuru/status/2035506218458845411?s=20">cryptocurrency</a> market in South India. This is despite being one of the higher-income states, according to a survey by <a href="https://x.com/giottus"><span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Giottus</span></span></a>.</p> <h3 data-section-id="17sglrg" data-start="403" data-end="456">Low Trading Volumes Reflect Conservative Approach</h3> <p data-start="458" data-end="595">The report shows that Telangana ranks lowest in per-customer trade volumes. This suggests a cautious investment approach among investors.</p> <p data-start="597" data-end="973">The average trade volume in <a href="https://hyderabadmail.com/hyderabad-man-loses-rs-29-lakh-in-crypto-trading-scam/">Telangana</a> is ₹60,600 per trader. In comparison, trading activity is much higher in other states. It is about 113% higher in <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Tamil Nadu</span></span>. It is 78% higher in <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Karnataka</span></span>. <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Andhra Pradesh</span></span> records 37% higher activity. <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Kerala</span></span> is around 25% higher.</p> <h3 data-section-id="30cehu" data-start="980" data-end="1020">Income Not a Key Driver, Says Report</h3> <p data-start="1022" data-end="1228">According to <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Vikram Subburaj</span></span>, income levels do not directly influence crypto participation. This challenges the common belief that higher income leads to more digital asset investment.</p> <p data-start="1230" data-end="1270">The survey covered around 12 lakh users.</p> <p data-start="1272" data-end="1434">He added that Telangana’s lower volumes reflect a cautious mindset. In contrast, Tamil Nadu leads in trading activity. This is largely due to higher urbanisation.</p> <h3 data-section-id="w7kmwk" data-start="1441" data-end="1484">Preference for Safer Investment Options</h3> <p data-start="1486" data-end="1556">Experts say the trend reflects broader investment habits in the state.</p> <p data-start="1558" data-end="1692"><span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Alok Kumar Mishra</span></span> noted that investors in Telangana prefer low-risk options. These include gold, silver, and land.</p> <p data-start="1694" data-end="1826">He added that even in equities and mutual funds, participation remains low. Despite high remittances, people avoid short-term risks.</p> <h3 data-section-id="7r2uc0" data-start="1833" data-end="1876">Lack of Awareness Slows Crypto Adoption</h3> <p data-start="1878" data-end="1930">Industry players also highlight a lack of awareness.</p> <p data-start="1932" data-end="2096"><span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Abrar Khan</span></span> said there are very few awareness initiatives in Telangana. This creates confusion about the legitimacy of crypto investments.</p> <p data-start="2098" data-end="2156">As a result, many potential investors choose to stay away.</p> <h3 data-section-id="1va804k" data-start="2163" data-end="2179">Key Takeaway</h3> <p data-start="2181" data-end="2353">The report highlights that higher income does not always drive crypto adoption. Instead, awareness levels and risk appetite play a bigger role in shaping investment trends.</p> ]]>
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