The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data.
There had been an increasing number of users, mostly young investors in remote locations across India last year. According to the Economic Times report, these investors seek to buy and trade stocks and cryptocurrencies.
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The Times report states that Wealth management and Cryptocurrency platforms attract new users due to strong market performance. The success can also be attributed to increased awareness and targeted ads-the report added.
Report From BSE Stock Exchange Data
The report from the BSE stock exchange data revealed that the increase in new user sign-ups had reached 45%. This equals 70 million when rated with the figure of the previous year.
BSE stock exchange can be referred to as either the