Investors from non-metropolitan cities crowd to online brokers and crypto platforms
A rush of young investors from non-metropolitan cities are rapidly trading stocks and buying cryptocurrencies online. Industry executives told ET that development commenced simultaneously with the Covid-19 pandemic and the nationwide lockdown last year. Crypto sales platforms and wealth management professionals have drawn these new investors through raised knowledge of financial products, stock market growth, new-age startup listings, and targeted advertising aimed at this Group, the executives announced. According to user registration data by BSE State, user registrations in Uttar Pradesh expanded by almost 60% as of August 23 if compared to the previous year. It grew by 70% in Odisha, 191% in…