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Crypto Trading Booms in India’s Smaller Cities as Job Growth and Incomes Disappoint



Ashish Nagose, a flower-shop owner from Nagpur, India, is among a growing number of Indians turning to cryptocurrency trading. He’s been attending daily classes for two months, seeking to understand the complexities of the crypto market.

Nagose previously traded stock options but is now drawn to cryptocurrencies due to tightening regulations on equity derivatives in India. He sees crypto as a potential hedge against economic downturns that could impact his family business. He hopes his new skills will help safeguard his flower shop and provide financial stability for his family. This shift reflects a wider trend of Indians exploring cryptocurrencies as alternative investments.



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