India’s Crypto Trading Analyzed
India’s cryptocurrency market is buzzing, particularly late at night. Between 10 pm and 11 pm, most crypto investors are active. This data comes from CoinSwitch’s ‘India’s Crypto Portfolio 2025’ report, which analyzed the trading habits of over 25 million users. January was the busiest month, with January 19 being the peak trading day, fueled by a rise in Bitcoin prices.
Key Points
- Most Indian crypto trading happens between 10 pm and 11 pm.
- Young investors (18-35) drive the majority of crypto activity.
- Bitcoin is the most popular cryptocurrency held by investors.
- Tier 3 and 4 towns are experiencing significant crypto adoption.
- Digital infrastructure (UPI, Aadhaar) is boosting crypto usage.
- Men still dominate the crypto investor base significantly.
The report highlights that younger people (18-35) are the main drivers of crypto trading in India. This group accounts for 45% of all crypto investors annually. Older investors (36-45) and those 46 and over also contribute to the market’s growth, showing a broadening adoption across age groups.
Beyond age, the report shows that digital infrastructure is a key factor. India’s strong Digital Public Infrastructure – like UPI for payments and Aadhaar for identification – is helping to make crypto more accessible and affordable. This is contributing to India’s leading position in global crypto adoption.
Asset preferences are also changing. Bitcoin regained its top position, holding 8.1% of total holdings. Dogecoin and Ethereum remain popular, but Shiba Inu continues to show strong interest. Geographically, Uttar Pradesh emerged as a leading market for crypto investments, showcasing the market’s growing reach across the country.
“India has led the world in retail crypto adoption for the third consecutive year. This is not a spike; it is a structural trend shaped by demographic strength, digital-native behaviour, and rising financial participation.” – Ashish Singhal, Co-founder of CoinSwitch.
