The published data reveals that New Delhi (National Capital Region) is the area with the most active cryptocurrency users, 22.03 percent of the total. The city also has the largest share of female crypto investors – 8.8 percent, while men are 91.2 percent. Mumbai, the financial capital of India, takes the second position with 14.42 percent active users, 93.4 percent of which are male and 6.6 percent are female. Bangalore is in third place with 13.91 percent, men are 93.2 percent and women account for 6.8 percent.

They are followed by Hyderabad – 9.6%, Pune – 8.09%, Chennai – 5.94%, and Ahmedabad – 3.81% of active users. Kolkata is at the bottom of the table with only 3.23 percent of all users, 95.8 percent of which are men and 4.2 percent women. The 8 cities covered account for three quarters of all cryptocurrency investments in the report