Cryptos faced winter but since then they have moved from survival to scale. Cryptos these days are riding a surge in market momentum. Many users are returning, and volumes are swelling.
There was high volatility in 2023, but since the second half of 2024, the tide turned. The user registration rose 2.5 times and trading volumes jumped 6.5 times. It is expected to be profitable scale soon. The direction is clear. The eco-system is fast evolving.
Bitcoin crossed $1.21 lac mark for the first time on July 14, 2025. The previous peaks were beaten. The political leaders adopted a pro-crypto stance. There was growing institutional participation, e.g. BlackRock, Coin DCX group (Coin DCX India, BitOasis, UAE and Bahrain) and Okto registered annual revenues Rs.1179 crore. Transaction volume, spot trading volume and crypto SIPs increased. There was growing traction in Tier 2 cities.
Crypto sentiment has turned positive. The hyper-bull market is still ahead.
Regulations have firmed up in the UAE. In Europe, at the end of 2024, there was Crypto Assets (MICA) Regulation. In the US the Genius Act was signed in July 2025. It created the first federal framework for regulating payments in stablecoins. In India, we have moved from regulating crypto to the procedure to regulate cryptos.
The talk of banning cryptos has vanished. Today, there are well-defined guidelines.
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