Investor Behavior Shifts Towards Diversified Portfolios
According to CoinDCX’s annual report for 2025, an average investor now holds 4–6 tokens, a notable increase from the 2–3 held in 2022. These trends align with the Indian crypto market recording a total spot trading volume of $618.5 million for 2025, with an average monthly trading volume of $51.6 million.
The composition of investment portfolios has shifted from speculation-driven bets to more strategic asset allocation. Capital is now spread across diverse token categories, rather than being concentrated in a single cryptocurrency.
Bitcoin remains the most held token on CoinDCX, while Ethereum has emerged as the most traded asset. This distinction suggests that investors tend to maintain Bitcoin as a core portfolio position while actively trading a variety of other assets. Layer 1 tokens represent a significant portion of investor preference, accounting for 43.3% of holdings.
Crypto SIP Adoption Surges by 623% in India
The adoption of Systematic Investment Plans (SIPs) in cryptocurrency saw a substantial surge in 2025. The number of investors participating in crypto SIPs jumped by 623% compared to 2024, with 572,000 new SIPs created during the year.
Bitcoin was the most preferred token for SIP investments. Investors favored dollar-cost averaging through SIPs to accumulate Bitcoin over time, rather than making lump-sum purchases. SIPs, starting as low as $1.20, have made long-term crypto investing accessible across various income levels.
The average age of crypto investors in India is 32.
Institutional Participation Increases by 35.5%
The onboarding of institutional clients saw a significant increase of 35.5% in 2025. This indicates stronger engagement from corporates and high-net-worth individuals within India's crypto market. CoinDCX reported over 3,500 VIP Prime users, a tier designed for high-value investors, who collectively contributed to half of the platform's total trading volume.
Interest in crypto-earning products also grew, with a 31.6% year-over-year increase in participation. CoinDCX reported that 329,000 users are actively earning yield across 16 supported crypto assets, with annual returns ranging from 12% to 13%, facilitated by staking, lending, and margin activities.
The Earn product offers flexibility with no lock-in periods, anytime withdrawal options, and a minimum tenor of seven days. Users can enhance their returns over time through compounding options, a feature that traditional savings accounts often cannot match in keeping pace with inflation.
Geographical Insights Reveal Depth of Crypto Adoption
Delhi recorded the highest trading volume, followed closely by Mumbai and Hyderabad. The top 10 cities for crypto trading volume also included Bengaluru, Chennai, Kolkata, Ahmedabad, Jaipur, Pune, and Lucknow.
In non-metropolitan areas, Lucknow led in trading volume, followed by Jodhpur, Patna, Vadodara, Nagpur, Chandigarh, Bhopal, Indore, and Guwahati. This expansion in non-metro regions signifies a growing crypto adoption beyond major urban centers.
Among metropolitan areas, women investors were most active in Kolkata. In non-metro regions, Bhubaneswar led in female investor activity, followed by Siliguri, Imphal, and Ernakulam.
Trust and Infrastructure Strengthen in the Indian Market
CoinDCX reached over 20 million verified users in 2025, marking a 25% increase from 16 million users in 2024. This growth demonstrates the platform's continued success in user acquisition, even amidst regulatory uncertainties experienced throughout the year.
The platform maintained a proof-of-reserves level of $62.8 million, which was fully verifiable on-chain. Additionally, the Crypto Investor Protection Fund corpus stood at $758,000, providing further user protection beyond standard disclosures.
CoinDCX achieved a significant milestone by becoming the first crypto exchange in India to obtain ISO 27001:2022 certification. The platform also secured registration status with the FIU, making it the first Indian crypto exchange to do so.