CoinDCX launches Mood of the Nation Survey 2020

By Edil Corneille

India’s cryptocurrency exchange, CoinDCX, announced the launch of a survey on cryptocurrency. The “Mood of the Nation Survey 2020” aims to understand the sentiments of India’s billion consumers around cryptocurrency, the technology and the investment potential of this new and emerging asset class.

Post the Supreme Court ruling, overturning the RBI banking ban, there has been a lot of interest and intrigue around what cryptocurrencies are and ways in which individuals can invest in them. The survey targets a wide variety of user bases across the depth and breadth of India. Many citizens have already taken part in the survey and various industry leaders have lent their voice and support to the survey, as mentioned by CoinDCX in a press release.

As bitcoin touches the annual highs, this is said to be the right time for a survey of this kind. The survey is expected to pave the way for Indians to get closer to the novel asset class. Today, it is estimated that around 5-6 million Indians are into crypto, and in the coming years it is expected to grow multifold.

As an extension of CoinDCX’s #TryCrypto campaign, the Mood of the Nation survey will help not only the cryptocurrency exchange CoinDCX but also the industry as a whole to prepare and work towards developing new products and services for the country. CoinDCX’s #TryCrypto campaign launched in April 2020 and is helping users to learn about crypto and help newcomers take their first step.

Mumbai-based CoinDCX is said to be built with user experience and security in mind. The KYC and Bank Account verification process are done within a few minutes and it give users a smooth onboarding experience. The exchange provides users with single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance.