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Time of India
6 days ago
- Business
- Time of India
Why India's next 100 million traders will rise from Tier 2 & 3 cities
Dinesh Patil, a small business owner from Ahmednagar, Maharashtra, speaks the language of the stock market with ease, rattling off terms like stop loss, open position, index expiry, and call/put options. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chau Phu B: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo An active trader who tracks the markets closely and trades with his demat accounts, Dinesh represents a growing segment of individuals from non-metro cities who are embracing equity trading . Riding on the wave of growing retail participation, demat accounts in India, in all probability, are set to hit the 200-million mark in FY26. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 -3.81% Buy Smart Contract Tracker -5.59% Buy DeFi Tracker -10.55% Buy Web3 Tracker -11.14% Buy NFT & Metaverse Tracker -12.56% Buy TOP COINS (₹) XRP 193 ( 2.51% ) Buy BNB 56,624 ( 0.54% ) Buy Bitcoin 9,209,519 ( 0.28% ) Buy Ethereum 222,310 ( -1.22% ) Buy Solana 13,185 ( -2.22% ) Buy The milestone is well within the reach given the fact that the total number of demat accounts increased to 192.4 million in FY25, registering a 27.1 percent increase. As India has emerged as the fourth largest economy surpassing Japan, capital markets are offering the much-needed platform to the retail traders to become a part of the India growth story. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Live Events Small cities, big numbers What makes the growth story even more compelling is that the tier-2 and tier-3 cities are driving the growth of the demat accounts. As per an estimate, tier-2 and tier-3 cities account for more than 50 percent of these new accounts and the average monthly additions stood at 3.42 million. As per the recent BSE data, share of the cities beyond top cities in the cash market turnover on BSE has increased from 18 percent to 32 percent between FY14 and FY24. According to the NSE data, as of April 11, 2025, the number of traders accounts exceeded 22 crore (220 million), with 2 crore accounts being added in just six months since October 2024. This surge is primarily driven by retail traders from Tier 2 and 3 cities. Moreover, individual participation in NSE's equity derivatives segment rose YoY from 16.5% in April 2024 to 26.4 percent in April 2025 — marking a sharp 900 basis points (or 9%) increase, indicating rising confidence and activity among retail traders, particularly from non-metro regions. Regions previously underrepresented in the investment domain are now emerging as significant contributors. The growth of active capital market participants in small towns - majorly young generations, working professionals, households and business owners and traders – underlines a definitive shift in the investment philosophy. It reflects the growing appetite for long-term financial planning and wealth creation and a stronger interest in equity markets over other conventional asset classes such as gold, real estate and fixed deposits. It was pretty clear long before that equity participation of the retail traders will grow stronger with time. The growth catalysts Multiple factors are driving the growth of retail traders in the non-metro cities. The key ones are easy availability of low-cost smartphones and cheap data, strong internet network, growing popularity of equity as asset class, financial literacy , disposable income, etc. What's particularly noteworthy is the widening traders base ranging from homemakers to small kirana shop owners. Many of them from cities like Raipur in Chhattisgarh, Kochi in Kerala, Ranga Reddy in Telangana, Bhopal in Madhya Pradesh, etc., invest regularly through SIPs and actively track market trends. Streamlined Know Your Customer processes have also reduced barriers to entry for new traders. Another important driver is the growing maturity of traders from these cities. Thanks to wider availability of knowledge-based content on capital markets on social media in regional languages and deeper geographical penetration of financial literacy initiatives undertaken by stock exchanges and market regulators, they now have a fair amount of understanding on the cyclicality of the markets and are more inclined towards seizing the trading opportunities. Digital platforms , local playbook Online stock broking platforms are also playing the role of a critical enabler by modifying their service models to cater to the unique needs of traders in Tier 2 and 3 cities. They focus on user-friendly digital platforms and localised customer support to bridge service gaps and offer tailored investment solutions in underserved markets. As a result, there has been a surge of new generation tech-savvy traders who are reshaping the trading landscape. There's a notable surge in assets under management for direct mutual fund plans, largely driven by these traders who prefer digital-first investment approaches. The access to capital markets is no longer limited to urban centres. A new wave of retail participation is rising from Tier 2 and 3 cities, powered by digital convenience, increasing awareness, and an aspiration for financial growth through equity investment and trading. India's unique investor base on NSE grew from 5.94 crore in FY22 to 11.38 crore by Apr '25—an increase of 91 percent in just 3 years. This explosive rise demonstrates deepening market inclusion, driven by digital platforms, vernacular content, and rising financial awareness across non-metro India. The small towns are no longer passive spectators as India's economic story unfolds. In fact, they are writing it and are part of it. The next 100 million traders will come not from Mumbai or Delhi, but from towns like Ranchi, Surat or Kozhikode where ambition meets access. The next 100 million traders will not just participate in markets; they will redefine them. Therefore, it is imperative for the policy makers in the government to pave the way for building the right infrastructure - digital, educational, and regulatory to support this wave. (The author, Gagan Singla is MD, Blinkx - JM Financial . Views are own)
Time of India
7 days ago
- Business
- Time of India
Explainer-What are bitcoin treasury strategies, the latest trend in the public markets?
Certain public companies, including one founded by President Donald Trump , have been going on a cryptocurrency buying spree, capitalizing on higher token prices and a softening regulatory environment to load up on the attention-grabbing investment. Sixty-one publicly-listed companies not primarily engaged in digital assets have adopted what are known as bitcoin treasury strategies, in which firms allocate a portion of their cash and reserves toward the world's largest cryptocurrency, according to a report from Standard Chartered. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Not Sold in Stores. Recommended Quietly by NHS Staff showbizinsider Learn More Undo Here is what you need to know about the trend: Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.26% Buy DeFi Tracker -1.33% Buy BTC 50 :: ETH 50 -1.47% Buy Web3 Tracker -7.06% Buy AI Tracker -8.19% Buy TOP COINS (₹) XRP 197 ( 5.47% ) Buy Ethereum 226,895 ( 3.33% ) Buy Solana 13,487 ( 2.87% ) Buy Bitcoin 9,242,172 ( 1.52% ) Buy BNB 56,541 ( 1.33% ) Buy WHY ARE COMPANIES DOING THIS? Many of those companies are seeking to replicate the success of Strategy, formerly known as MicroStrategy, a software company that began accumulating bitcoin in 2020 and now holds more than $63 billion worth. Its stock is up more than 3,000% since 2020 as the price of bitcoin has skyrocketed, hitting fresh all-time highs above $110,000 this year. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Strategy copycats have doubled their holdings in bitcoin in just the last two months to collectively hold just under 100,000 bitcoin, Standard Chartered said. Those firms include Trump Media & Technology Group, which raised $2.5 billion last month to invest in bitcoin. Live Events While investors can readily buy bitcoin directly or through an exchange-traded fund, investors typically cannot get the same kind of leverage a public company might be able to get through the convertible debt markets to buy bitcoin. Companies like Strategy trade at a premium to their bitcoin holdings because investors believe that those firms can utilize their access to credit markets to purchase even more bitcoin. Strategy and Trump Media & Technology Group did not immediately respond to requests for comment. WHICH COMPANIES ARE DOING THIS? Besides Strategy and Trump Media & Technology Group, a joint venture announced in April between SoftBank, stablecoin issuer Tether, and Cantor Fitzgerald - previously helmed by U.S. Commerce Secretary Howard Lutnick - caught investors' attention. The group is launching a $3.6-billion venture called Twenty One with the goal of acquiring bitcoin. SolarBank, a Toronto-based solar energy company, announced this month it would implement a bitcoin treasury strategy, saying it would expose the company "to a new category of tech-savvy investors." SolarBank has not disclosed how much bitcoin it plans to buy, only saying that the allocation strategy will be determined by management. "Traditionally, people invest in utilities as (an) afterthought. It's a very low return. It's a stable return," said SolarBank CEO Richard Lu. "So, how do we bridge the excitement of the new world and a classic industry? We feel that the crypto part of that is a bridge we need to cross." Upexi, a consumer products company, recently launched a treasury for Solana, another top cryptocurrency. "It is a great way for a company to really bring attention to itself and grow," said Brian Rudick, the firm's chief strategy officer. "If a company has a fiduciary duty to do what's best for shareholders, and if you're going to raise funds and invest it in the operating business, or if you can invest in funds and put it into a digital asset treasury that the market is rewarding companies that do so, you should do the latter," Rudick said. WHY NOW? The trend comes as Trump has sought to overhaul U.S. cryptocurrency policy after courting cash from the industry on the campaign trail. He signed an executive order in March to establish a strategic bitcoin reserve and has hosted industry leaders at the White House. Those moves have boosted the price of bitcoin and other cryptocurrencies. "It may be that some firms are trying to get political attention. This is clearly something President Trump has signaled his interest in," said Chester Spatt, a finance professor at Carnegie Mellon University. The stark shift in policy under Trump "is a serious tailwind for more and more institutions to get into the space," said Roshan Robert, CEO of crypto exchange OKX. "How institutions are looking at building out treasury applications is just a part of that broader picture." WHAT ARE THE RISKS? It is unclear if the various crypto treasury strategies will ultimately be successful, particularly if firms are buying in now as prices flirt with record highs in a sector that is no stranger to volatility. Charles Schwab, in a report last month, noted that if a company has significant crypto holdings that suddenly collapse in value, the firm could experience a liquidity crisis. Standard Chartered estimated that if bitcoin were to fall back below $90,000 it would put half of companies' bitcoin treasuries underwater. "As always, there will be some really, really big winners and some really big losers whenever there's a mania like this," said Ravi Doshi, the global co-head of markets at crypto platform FalconX.
Time of India
15-06-2025
- Business
- Time of India
Trump pocketed over $57 mn from crypto coin sales
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230-page document issued by the Office of Government Ethics, dated Friday, lists the US president's holdings including stocks, dividends, real estate and investment portfolios. It showed that Trump, who during his first presidential election campaign in 2016 broke with the long tradition of candidates publishing their income tax returns, raked in $57.4 million from the sale of World Liberty Financial tokens. Crypto Tracker TOP COIN SETS DeFi Tracker 0.56% Buy BTC 50 :: ETH 50 -0.24% Buy Smart Contract Tracker -2.02% Buy NFT & Metaverse Tracker -5.35% Buy Web3 Tracker -7.31% Buy TOP COINS (₹) Bitcoin 9,056,585 ( 0.12% ) Buy Solana 12,555 ( 0.07% ) Buy BNB 55,872 ( -0.27% ) Buy XRP 186 ( -0.35% ) Buy Ethereum 217,031 ( -0.52% ) Buy Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » He lent his name to this new company and launched a "Trump" memecoin in January, just hours before his inauguration. Live Events World Liberty Financial had issued 100 billion tokens, of which some 22.5 billion were allocated to the Trump-affiliated company DT Marks Defi. Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles and making large-scale investments. Trump has, among other moves, appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC). He has also established a federal "Strategic Bitcoin Reserve" aimed at auditing the government's bitcoin holdings, which were mainly accumulated by law enforcement from judicial seizures. Cryptocurrencies now have "a champion and an ally" in the White House, Vice President JD Vance said last month during a bitcoin conference in Las Vegas. The document also provides an overview of the royalties that Trump has received through the sale of branded products and licensing agreements around the world. For instance, he earned $2.8 million from watches and $2.5 million from perfumes and sneakers. His Mar-a-Lago club in Florida also generated over $50 million in income for the president. Trump's golf courses around the world also helped pad his coffers, allowing him to pocket $29.1 million from the one in West Palm Beach, and $110.4 from the one in Miami. The president also received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG).
Time of India
13-06-2025
- Business
- Time of India
Shaquille O'Neal to pay $1.8 million to settle FTX class action lawsuit
Former NBA player Shaquille O'Neal will pay $1.8 million to settle a class action lawsuit related to the demise of cryptocurrency exchange FTX. O'Neal, and other celebrities like Tom Brady and Stephen Curry , were named in the lawsuit in 2022. They had been accused of touting FTX as a reputable and trustworthy investment option via paid endorsements. The proposed settlement only pertains to O'Neal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dog licks arent kisses. Heres what your dog really means when it licks you. Cleverst Undo Three years ago FTX was the third-largest cryptocurrency exchange, but it ended up with billions of dollars worth of losses and had to seek bankruptcy protection. The Bahamas-based company and its founder, Sam Bankman-Fried, came under investigation by state and federal authorities for allegedly investing depositors funds in ventures without their approval. Crypto Tracker TOP COIN SETS DeFi Tracker 3.18% Buy BTC 50 :: ETH 50 0.46% Buy Crypto Blue Chip - 5 -0.49% Buy Web3 Tracker -7.67% Buy AI Tracker -10.02% Buy TOP COINS (₹) BNB 55,941 ( -1.6% ) Buy Bitcoin 8,983,727 ( -2.33% ) Buy XRP 183 ( -4.68% ) Buy Ethereum 216,498 ( -8.36% ) Buy Solana 12,435 ( -9.3% ) Buy Before its failure, FTX was known to use high-profile Hollywood and sports celebrities to promote its products. It had the naming rights to a Formula One racing team as well as a sports arena in Miami. Its commercials featured "Seinfeld" creator Larry David, as well as Brady, the former quarterback of the Tampa Bay Buccaneers and New England Patriots, basketball players O'Neal and Curry, and tennis star Naomi Osaka. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Bankman-Fried was sentenced to 25 years in prison in March 2024. A little more than a month after that, FTX said in a court filing that nearly all of its customers would receive the money back that they were owed. Live Events While the proposed settlement with O'Neal had been agreed to in April, the payment amount and other terms were disclosed in a filing with the U.S. District Court, Southern District of Florida, Miami Division, earlier this week. The settlement class includes anyone who deposited funds into FTX or bought its FTT token between May 2019 and late 2022. The agreement, which still needs court approval, would provide O'Neal with a broad release from future claims and also includes a stipulation that he can't seek reimbursement from the FTX estate. The payment will be made within 30 days of the settlement being finalized, according to the filing.
Time of India
11-06-2025
- Business
- Time of India
Mudrex unveils upgraded Alpha Program with India's lowest trading fees
Mudrex, a global crypto investment platform, has announced the launch of an upgraded version of its flagship loyalty initiative, the Mudrex Alpha Program . The enhanced six-tier system introduces some of the lowest trading fees in India—dropping to as low as 0.03% for Futures and 0.12% for Spot trades. Effective from 6th June, the revamped Alpha program is open to all Spot and Futures traders on the platform. Benefits are determined based on a user's 30-day trading volume, with eligibility tied to the higher activity between Spot and Futures markets. Depending on the tier, users can access reduced trading fees, zero-fee INR withdrawals (previously 1%), priority customer support, advanced research insights, and exclusive entry to events and educational content. The new tiered framework introduces a more structured loyalty system aligned with user trading behaviour. Support response times have also been optimised—ranging from a 12-hour turnaround for entry-level users to one-hour resolutions and dedicated relationship managers for top-tier members. Crypto Tracker TOP COIN SETS DeFi Tracker 14.52% Buy Smart Contract Tracker 5.94% Buy Web3 Tracker 5.86% Buy NFT & Metaverse Tracker 5.61% Buy BTC 50 :: ETH 50 5.35% Buy TOP COINS (₹) Solana 14,082 ( 4.13% ) Buy Ethereum 236,611 ( 2.84% ) Buy XRP 199 ( 1.75% ) Buy BNB 57,165 ( 1.21% ) Buy Bitcoin 9,344,059 ( -0.15% ) Buy Commenting on the launch, Edul Patel, Co-founder and CEO of Mudrex, said, "Over the years, we've spoken to thousands of users and identified the key challenges they face—high fees, inadequate support, and lack of trust. The upgraded Alpha Program addresses these issues directly. With the lowest fees in the country, faster support, and a transparent loyalty system, we aim to make crypto investing more accessible, secure, and rewarding for all." Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The upgraded Alpha Program reinforces Mudrex's position in India's growing crypto landscape, arriving at a time when investors are actively diversifying their portfolios in response to global macroeconomic trends and rising interest in digital assets. Founded in 2018, Mudrex aims to democratise crypto investing by enabling everyday investors to participate in digital asset wealth creation. The platform is registered as a Virtual Asset Service Provider (VASP) in India and Europe and holds OAM registration in Italy. Headquartered in the U.S. with offices in Bengaluru, Mudrex is building toward becoming the world's leading crypto asset management platform. ETMarkets WhatsApp channel )
