Crypto Adoption In India: CoinSwitch has said that Uttar Pradesh and Maharashtra are leading the crypto adoption in India. As per the findings of CoinSwitch's Q1 2026 edition of its flagship report, India’s Crypto Portfolio: How India Invests, the two states continue to lead crypto adoption, with more than 12 per cent.
The report further said that investors aged between 26–35 continue to dominate participation in the crypto market at 48 per cent. It said that the 35+ segment emerged as the fastest-growing demographic, led by Gen X and older millennials entering the market.
CoinSwitch, founded in 2017, is India’s largest crypto investing and trading platform.
The company said that its findings are based on the activity of over 2.5 crore of its investors across the country.
Crypto Adoption In India: Gen X, Older Millennials
As per the report, unlike younger cohorts who enter markets early in experimentation phases, Gen X and older millennials typically adopt new financial assets after gaining confidence in their long-term value and regulatory clarity.
Ashish Singhal, co-founder of CoinSwitch, said that the rise of the 35+ segment signals a clear shift toward a more mature market.
Despite the 24x7 trading, most trading takes place between 10–11 PM. Besides, weekdays continue to outperform weekends.
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The CoinSwitch report also noted that long-term investing continues to dominate, with 61.3 per cent of investors holding assets for more than a year, while 28.3 per cent engage in momentum trading and 20.4 per cent adopting dip-buying strategies.
Crypto Adoption In India: Regional Insights
- Karnataka shows the highest conviction in blue-chip assets, with 32% portfolio allocation.
- Bihar shows the highest participation in small-cap assets
- Andhra Pradesh leads with 59.1% female participation
- Haryana records the highest male participation
