 "Bitcoin, cryptocurrency")
India ranked third globally in terms of the number of downloads of cryptocurrency exchange applications between August 2015 and June 2022, data from a working paper released by the Bank for International Exchange (BIS) showed. The total downloads of such apps in India stood at 31.7 million.
The United States of America (USA) saw the highest number of downloads at 126.9 million, followed by Turkey with 44.2 million downloads.
The high number of downloads in India was due to the bull run in the market, curiosity around the crypto technology and access to smartphones and better internet facilities, experts told
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