Crypto Trends: Bitcoin Leads Investments, Ripple Surges in Trading, Says Report

India’s cryptocurrency industry is undergoing notable shifts in investor behaviour and trading patterns, as outlined in the Q1 2025 report by CoinSwitch. According to the report, Bitcoin continues to be the most invested cryptocurrency in India in Q1, accounting for 6.9 per cent of total holdings. It is followed by Dogecoin (6.6 per cent) and Ethereum (5.2 per cent), indicating continued faith in these long-standing digital assets.

Other noteworthy holdings show that investors are still interested in popular cryptocurrencies, such as Shiba Inu, 4.2 per cent and Ripple at 3.5 per cent.

When it comes to trading activity, preferences have changed. Ripple (XRP) has surpassed Shiba Inu to become the most traded asset, accounting for 13.3 per cent of the total trading volume on CoinSwitch. Bitcoin continues to hold a strong position after Ripple with 8.4 per cent of trading activity, followed closely by Dogecoin at 6.4 per cent.

Also, there are significant trading volumes for other assets such as Solana (5.6 per cent), Ethereum (4.4 per cent), PEPE (3.1 per cent), Shiba Inu (2.6 per cent), and Cardano (2.5 per cent).

Emerging assets such as PEPE have gained attention, accounting for 3.1 per cent of trading activity, suggesting a shift toward high-risk, high-reward investments. Also, tokens such as POPCAT which account for 1.6 per cent of trading volume, have made it into the top 10 traded assets. Indian cryptocurrency traders' shifting preferences are reflected in BONK's decline to 1.1 per cent of trading volume.

Balaji Srihari, Vice President of CoinSwitch, highlighted that 2024 was a landmark year for cryptocurrency, and the first few months of 2025 have continued to showcase exciting trends. He noted that while Bitcoin remains a long-term favourite, cryptocurrencies such as Ripple and Solana are experiencing a surge in trading activity.

Even as there has been an increase in speculative asset trading activity, investment holdings of Bitcoin, Dogecoin, and Ethereum is stable. The report indicates that even while new cryptocurrencies are picking up in terms of trading, traditional assets are still also leading assets in investor portfolios in India.