CoinSwitch Report Finds Gen Z Leads India’s Crypto Investments

CoinSwitch, India’s largest crypto trading platform, today released the Q3 2025 edition of its flagship report, India’s Crypto Portfolio: How India Invests. The report draws insights from over 2.5 crore users, mapping India’s evolving crypto investment behaviours, trading patterns, and demographic trends.

The findings reveal that Gen Z (18–25) now leads India’s crypto investor base for the first time with 37.6%, narrowly surpassing Millennials (26–35) at 37.3% and (36-45) at 17.8%.

Metro cities continue to dominate, led by Delhi (19.3%), Bengaluru (8.9%), and Mumbai (7.0%). However, Tier-2 hubs like Jaipur, Lucknow, Patna and others are emerging as new centres of adoption. 

Investment data shows Bitcoin (7.2%), Dogecoin (6.1%), and Ethereum (4.9%) as the most held assets. Seven of the top ten tokens are established large-cap coins, indicating that investors are moving towards long-term, utility-driven portfolios.

“Our insights reflect one of the largest retail investor bases in the country. The data clearly shows India’s crypto market is entering a more mature phase. What we’re seeing is financial empowerment beyond the big cities. Though metros continue to lead, the next phase of India’s crypto story will be shaped by Tier 2 & 3 cities”, said Balaji Srihari, Vice President of CoinSwitch.

·         Mumbai leads in Blue-Chip investments (37.4%)

·         Hyderabad tops Large-Cap allocations (37.3%)

·         Patna dominates Mid-Cap allocations (42%)

·         Jaipur leads Small-Cap portfolios (9.4%)

·         Kolkata recorded the highest profitability, with 77% of portfolios in green

According to the report, July 2025 emerged as the busiest month of the quarter, accounting for the highest share of overall trading volumes on the platform. Peak trading activity was recorded on July 11 and July 18, coinciding with Bitcoin’s record-breaking rally and the U.S. passage of the GENIUS Act. 

The Q3 2025 findings reaffirm that India’s crypto market is expanding in both maturity and reach. As India’s largest crypto trading platform, CoinSwitch remains committed to building a secure, transparent, and education-first environment that enables every Indian investor to participate in long-term wealth creation in crypto responsibly and confidently.