Majority of India’s crypto investors are investing in blue-chip coins that have a market cap of $50 billion or more, as per Coinswitch data in its Q2 portfolio for 2025.
The data shows that over 27 per cent of India’s crypto investments are concentrated in metros of Delhi, Bengaluru and Mumbai, averaging returns of 62-63 per cent.
Delhi reports the most investments at 14.6 per cent, followed by Bengaluru at 6.8 per cent and Mumbai at 5.2 per cent. While majority of Delhi investments (36 per cent) were in large-cap coins of market cap between $1 billion to $50 billion, Bengaluru (37 per cent) and Mumbai (39 per cent) invested more towards blue-chip coins.
Among the top 10 cities, Kolkata reported the highest percentage of portfolios, with 75.61 per cent of investors recording positive returns.
Tier 2 and Tier 3 cities like Jaipur, Lucknow, and Patna are witnessing strong adoption, reflecting the rising grassroots momentum. This shift signals how crypto awareness and participation are expanding beyond tier 1 cities, said CoinSwitch.
Balaji Srihari, Vice President at CoinSwitch, said, “Crypto is clearly mainstreaming in India, and the fact that a majority of investor wallets are in profit reflects just how far the ecosystem has come. We’re seeing Indians build well-rounded portfolios, from blue-chip assets like BTC and ETH to bold bets on Meme and gaming tokens. The momentum is real, the adoption is deepening, and it’s making India one of the most dynamic crypto markets in the world.”
BTC, the top coin
Bitcoin (BTC) retained its position as the most preferred crypto asset, capturing a 6.5 per cent share of investor interest, followed closely by Dogecoin (6.49 per cent) and Ethereum (5.2 per cent).
Meme coins made up 13.2 per cent per cent of total crypto investments, including Shiba Inu (4.7 per cent) and PEPE (2 per cent).
Bitcoin (BTC) was also the most traded asset at 7.2 per cent, followed by Ripple (XRP) and Ethereum (ETH), each contributing 4.2 per cent to the trading volume. In Q1, XRP, BTC, and DOGE collectively accounted for 28.1 per cent of total trading activity.
May recorded the most trading in Q2 with May 9 and May 12 reported as peak trading days on CoinSwitch, driven by major global trade deals.
“Tariff reductions between the U.S., UK, and China boosted market sentiment and spurred increased BTC activity,” said CoinSwitch.
Published on July 30, 2025
