Total demat accounts are even close to 5 crores only in India. 10 crore on those platforms seems doubtful.
New demat accounts jump to a record high in FY21
According to Sebi data, new dematerialized or demat account additions rose to an all-time high of 10.7 million between April 2020 and January.Smooth and easy access to stock markets because of technology, such as e-KYC and Aadhaar e-signing helped the retail investor community grow, said expertswww.livemint.com
Youtube/FB/Insta/Twitter/Tiktockers pushed crypto pretty hard down their audience.
The overnight profit margins in crypto is way too lucrative becoming rich overnight is still the wet dream for most.
Opening an account on crypto exchange is much easier than opening a demat account.