The report, based on activity across over 2.5 crore users, indicated that while global markets faced volatility due to geopolitical tensions, rising oil prices and fluctuating equities, India’s crypto ecosystem remained relatively resilient with steady user engagement.
A key development during the quarter was the shift in investor demographics. The 26–35 age group continued to account for the largest share at 48%, but the fastest growth was seen among investors aged 35 and above. The trend points to rising participation from older millennials and Gen X users, suggesting broader acceptance of crypto as a financial asset class.
Geographically, crypto activity remained concentrated in major states. Uttar Pradesh led with around 12.9% share, followed by Maharashtra at 12.3%, with Karnataka and Delhi also among the leading contributors. However, the report noted that participation is gradually becoming more evenly distributed across regions.
In terms of portfolio preferences, Bitcoin continued to dominate, accounting for 9.2% of total holdings and 17.4% of trading activity. Ethereum, Dogecoin and Shiba Inu also remained popular, reflecting a mix of long-term holdings and speculative interest.
Investor behaviour indicated a balance between conviction and active trading. Around 61.3% of users held assets for more than a year, while 28.3% engaged in momentum trading and 20.4% adopted dip-buying strategies during price corrections.
Trading patterns also showed distinct timing behaviour, with peak activity observed between 10 pm and 11 pm. Weekdays recorded higher trading volumes compared to weekends, suggesting more planned participation rather than impulsive activity.
February emerged as the most active month during the quarter, particularly around February 5 and 6, when market corrections triggered higher buying activity.
The report also highlighted regional differences in investment styles. Karnataka showed a higher allocation toward blue-chip assets, Bihar displayed stronger interest in small-cap tokens, while Andhra Pradesh recorded the highest female participation among investors.
First Published: Apr 21, 2026 5:15 PM IST
