CoinDCX records Rs 51,333 crores in 2025 trading volumes; institutional client onboarding grows over 35% YoY

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Crypto unicorn CoinDCX reported Rs 51,333 crores in spot trading volumes in 2025, while institutional investors on the exchange grew by over 35.5 per cent year-on-year, CoinDCX’s 2025 annual report released on December 16 showed.

The exchange’s monthly average trading volumes stood at Rs 4,277.75 crore. Bitcoin (BTC) was the most held token while Ether (ETH) was the most traded token on the platform.

Total 572,000 new SIPs were created on the platform in 2025, growing 623 per cent YoY, the report said.

Sumit Gupta, Co-Founder, CoinDCX, said, “In 2025, global institutions stepped in, regulation found its voice globally, and mainstream investors began recognising the true potential of crypto and incorporating it into their portfolios.”

“Every revolution has a moment when belief becomes undeniable. For women’s cricket, 2025 was that moment, years of unseen work finally met a win that made a nation pay attention. For crypto, 2025 is similar,” he added.

According to the report, Indian crypto investors held an average of 5 tokens per portfolio, diversifying from having just 2-3 tokens in 2022. Retail investors have shown increased interest in understanding fundamentals of different tokens.

“For instance, Ethereum powers decentralized finance, tokenization, and real-world applications. 43.3% of investors prefer Layer-1 tokens, a clear indicator of research-driven diversification rather than single-asset speculation,” the report said.

“2025 also saw the rise of theme-driven participation. Investors are increasingly approaching crypto like equities, grouping assets based on sectors and future potential rather than reacting to short-term movements. Average Indian crypto portfolio split in volumes is dominated by layer 1 - 43.3%, BTC- 26.5% and Memes - 11.8 %,” the report said.

Bengaluru’s ETH volumes surged 6.6x (from $4 million to $26 million), while Pune witnessed the sharpest increase at 10x (from $2.2 million to $20 million).

Mumbai, India's financial capital, decisively shifted to Ethereum ($22 million) over Bitcoin ($16 million).

Lucknow recorded 5x ETC growth and emerged as a SUI hub. Pune quadrupled Solana volumes.

Average investor age rose from 25 to 32, yet another sign of financial stability entering the market, the report said.

Moreover, non-metros like Lucknow, Bhopal, Chandigarh, Indore, Guwahati, Patna, Ludhiana and Jaipur among others, accounted for nearly 40 per cent of trading volumes.

Female participation in crypto doubled YoY, with Kolkata leading city-wise jump in women investors, followed by Delhi and Mumbai.

Most held crypto tokens by women include Bitcoin, Ethereum, Shiba Inu, Dogecoin, Polygon, XRP, Solana, Cardano, Decentraland, and Avalanche.

Among non-metros, Bhubaneswar, Kochi and Vodadara led female participation.

Gupta said, “If 2025 was the year crypto came of age in India, then 2026 will define the next phase of digital finance. The price pattern associated with the Bitcoin halving cycle will no longer shape market behaviour, and that’s a healthy shift. Today participation is increasingly research-led and institutionally aligned.”

“With 55% of hedge funds now holding crypto, averaging a 7% allocation, and a majority planning to increase exposure, the market has clearly entered a more stable, long-term phase. Institutional adoption is no longer a signal of what’s coming, it’s now the baseline,” he said.