India's crypto trading has jumped 900% in a year, study shows

znm/iStock Editorial via Getty Images The daily trading values of cryptocurrency in India have climbed over 900% in the last 12 months, according to data compiled by blockchain data platform Chainalysis. In addition, the Chainalysis statistics showed that crypto investments in the world's second-most populous country have climbed to $40 billion, per Bloomberg. This compares to around $200 million a year ago. The rise in crypto trading in India comes despite signs of hostility from authorities in the country, a fact that underlines conflicting responses to crypto from around the world. Official reactions to the asset class have spanned from full acceptance in places like El Salvador to open opposition in areas like China. As to India, Bloomberg reports that more than 15 million people in the county now trade crypto, more than six times the number currently operating in the U.K. Bloomberg's figures put the U.S. crypto trading community