According to CoinSwitch Exchange’s latest report, Ripple’s XRP is used by Indians for trading, while Bitcoin is used as a long-term investment instrument. The Q1 2025 report, focused on Indian trading and investment patterns, noted: “When it comes to trading, the data reveals a notable shift in behaviour. Ripple (XRP) has surged to the top of the list as the most actively traded asset, commanding 13.3 per cent of total trading activity, replacing Shiba Inu and signalling renewed trader interest in the token.” In contrast to XRP, the findings revealed that the locals used Bitcoin for long-term investments.
Balaji Srihari, Vice President, CoinSwitch, commenting on the revealings stated, “2024 was a landmark year for crypto globally, and what we’ve seen in just the first few months of 2025 is equally exciting. There’s a clear shift in how investors are engaging with the market. Bitcoin still holds its spot as a long-term favourite, and we’re seeing coins like Ripple and Solana surge in trading activity—likely driven by recent global developments in the space.”
Furthermore, the Vice President stated, “ Additionally, meme coins like PEPE and BONK are gaining traction, especially among young investors who are open to high-risk, high-reward opportunities. It’s a reflection of how fast evolving and layered the Indian crypto community is becoming.”
Kush Wadhwa, partner at consulting firm Grant Thornton Bharat, said to Reuters that the Indian crypto market is expected to grow to $15 billion by 2035 from $2.5 billion last year, which reflects a compound annual growth rate of 18.5%.
