India’s Cryptocurrency Adoption Analyzed
In 2025, the growth of cryptocurrency in India happened mainly in smaller cities and towns. A report by CoinSwitch found that 75% of all crypto activity came from Tier-II, Tier-III, and Tier-IV cities – just like how investments are growing in regular Indian stocks. This shows that people are starting to use crypto more and more, even outside of big cities.
Key Points
- Crypto growth shifted to smaller Indian cities (Tier-II, III, IV).
- 75% of crypto activity occurred outside major metropolitan areas.
- Uttar Pradesh led in crypto investments (13%), followed by Maharashtra (12.1%) and Karnataka (7.9%).
- Bitcoin (BTC) became the most popular investment again.
- Young investors (18-35) made the largest investments (45%).
- Women invested more in Andhra Pradesh (59%) than men.
The report looked at where people were investing and who was using crypto. It found that most people were investing in smaller cities and towns, not just big cities like Mumbai or Delhi. This is important because it means that crypto is becoming more popular across India.
A lot of the money was going into Bitcoin, which is a well-known cryptocurrency. Ripple (XRP) also saw a big increase in people using it. This shows that investors are paying attention to different cryptocurrencies.
The people using crypto are mostly young – those between 18 and 35. However, older investors are also starting to get involved. It’s good to see a wider range of people using crypto.
In Andhra Pradesh, women were investing more in crypto than men. This shows that crypto is becoming more inclusive and attracting a wider range of investors.
Some states were taking bigger risks than others. Karnataka invested more in safe, established companies. Bihar and Uttar Pradesh were more willing to take risks with smaller companies. This shows that investors are reacting to market changes and making different choices.
Overall, the report showed that crypto is growing in India, and it’s becoming more widespread and diverse. It’s a sign that crypto is becoming a more important part of the Indian economy.
The future of cryptocurrency in India is looking more diverse and accessible.
