According to CoinSwitch's "India's Crypto Portfolio Q3 2025" report, Gen Z investors aged 18 to 25 now represent 37.6% of India's crypto user base, slightly surpassing Millennials at 37.3%. This shift highlights growing confidence among younger generations in digital assets as long-term investments, based on a user base of 25 million.
The report reveals that while metro cities like Delhi (19.3% share), Bengaluru (8.9%), and Mumbai (7%) dominate crypto activity, Tier-2 cities such as Jaipur, Lucknow, and Patna are experiencing significant growth in adoption and portfolio activities. Regional investment preferences vary, with Mumbai focusing on blue-chip assets, Hyderabad on large-cap, Patna on mid-cap, and Jaipur leading in small-cap investments. Notably, Kolkata investors report the highest profitability, with 77% of portfolios in profit.
In terms of cryptocurrency holdings, Bitcoin leads with 7.2% of total holdings, followed closely by Dogecoin at 6.1% and Ethereum at 4.9%. However, Ethereum is the most traded token, accounting for 8.9% of trading volume, with XRP and Bitcoin following at 7.6% each. The report notes that July 2025 saw the highest trading volumes, coinciding with a Bitcoin rally and increased retail participation post the U.S. GENIUS Act.
Indian investors are increasingly adopting a "buy and hold" strategy, emphasizing long-term growth over short-term gains. This maturation in approach is supported by broader market trends, as India's crypto transaction volume grew 80% from January to July 2025, with retail investors increasing by 125%. Stablecoin trades in India reached nearly $4 trillion, representing about 30% of global volume, underscoring the country's rising importance in the digital asset sector and projections that India could become the world's largest crypto adoption market in 2025.
MIM
LTC
ZK