~Bitcoin continues to be the top choice for investors, making up 6.9% of total investor holdings, followed closely by Dogecoin and Ethereum~
~Ripple has emerged as the most traded asset, accounting for 13.3% of total trades—a prominent rise of 8 positions since last December~
22nd April 2025, India: CoinSwitch, India’s largest crypto trading platform, has unveiled new insights into the investment and trading patterns of Indian crypto investors for Q1 2025.
Based on an in-depth analysis of activity across 310 coins listed on the platform, the data reveals key trends of how Indians are engaging with crypto; from long-term holdings to short-term trading patterns. The findings offer a clear snapshot of India’s rapidly evolving crypto appetite, highlighting the growing maturity and diversification of investor interests across the country.
Top Invested Coins
Indian investors continue to favor well-established digital assets for their long-term investment strategies. As per CoinSwitch’s latest data, Bitcoin (6.9%), Dogecoin (6.6%), and Ethereum (5.2%) lead the list of most-held assets, underscoring investor confidence in their enduring value.
Other popular holdings include Shiba Inu (4.2%) and Ripple (3.5%), reflecting the continued trust in these widely recognized coins. Meanwhile, Cardano (3.3%), Polygon (2.9%), Internet Computer (2.8%), and Solana (2.3%) have retained their positions in the top 10 since December 2024.
A noteworthy shift in investor behaviour this year is the entry of PEPE (1.9%), replacing Loopring in the top 10. This signals a growing interest in emerging assets within India’s evolving crypto landscape.
Top Traded Coins
When it comes to trading, the data reveals a notable shift in the behaviour. Ripple (XRP) has surged to the top of the list as the most actively traded asset, commanding 13.3% of total trading activity, replacing Shiba Inu and signalling renewed trader interest in the token.
Bitcoin (8.4%) and Dogecoin (6.4%) follow closely, underscoring the continued dominance of established crypto in India’s trading landscape. Other high-activity assets include Solana (5.6%), Ethereum (4.4%), PEPE (3.1%), Shiba Inu (2.6%), and Cardano (2.5%), reflecting a blend of blue-chip assets and speculative plays.
An interesting trend is the entry of POPCAT (1.6%) into the top 10 traded assets, while BONK (1.1%) sees a drop, slipping from sixth place to the bottom of the list highlighting the dynamic and fast-evolving preferences of Indian crypto traders.
Speaking on the data, Balaji Srihari, Vice President, CoinSwitch said that “2024 was a landmark year for crypto globally, and what we’ve seen in just the first few months of 2025 is equally exciting. There’s a clear shift in how investors are engaging with the market. Bitcoin still holds its spot as a long-term favourite, and we’re seeing coins like Ripple and Solana surge in trading activity—likely driven by recent global developments in the space. Additionally, meme coins like PEPE and BONK are gaining traction, especially among young investors who are open to high-risk, high-reward opportunities. It’s a reflection of how fast evolving and layered the Indian crypto community is becoming.”
The data above underscores India’s growing participation in the global crypto economy. As the market matures and regulations evolve, India’s crypto landscape will continue to shift, with new trends likely to emerge in the coming months.