Based mostly on the most recent reviews from CoinSwitch, it seems that Ripple (XRP) was probably the most traded cryptocurrency in India through the first quarter of 2025. Whereas Indians have been strongly believing in conventional funding patterns like investing in gold, actual property, agricultural lands, and far more, they’re slowly shifting in direction of fashionable funding, that means digital property.
Whereas Bitcoin (BTC) remained the best choice for long-term funding, making up the biggest portion of investor holdings on the CoinSwitch platform, Ripple accounted for the very best share of complete trades at 13.3%, surpassing Bitcoin, Ethereum, and Shiba Inu in this metric.
The explanations behind XRP’s buying and selling quantity surge are multifaceted. Current optimistic developments surrounding Ripple Labs’ authorized battles, coupled with rising anticipation for clearer regulatory frameworks in India, could have contributed to elevated speculative buying and selling.
As per the report, Indians have been largely investing in Bitcoin (6.9%), Dogecoin (6.6%), and Ethereum (5.2%). Different standard holdings embody Shiba Inu (4.2%) and Ripple (3.5%), underscoring the market’s belief in time-tested property.
The report identifies PEPE (1.9%) as one of many newer property that changed Loopring in the highest 10 positions. Aside from that, Cardano, Polygon, Web Laptop, and Solana have additionally maintained their positions in the highest 10 since December 2024.
Buying and selling exercise throughout the market has proven important modifications throughout this era. Present buying and selling statistics point out that Ripple (XRP) has changed Shiba Inu. The crypto market retains displaying energetic buying and selling of different digital property, together with Solana (5.6%), Ethereum (4.4%), PEPE (3.1%), and Shiba Inu (2.6%), in addition to blue-chip tokens.
POPCAT rose and entered the highest 10 with a 1.6% buying and selling share, however BONK decreased from sixth to the underside with a 1.1% market share.
Balaji Srihari, Vice President of CoinSwitch, said, “Bitcoin nonetheless holds its spot as a long-term favorite, and we’re seeing cash like Ripple and Solana surge in buying and selling exercise—possible pushed by current world developments.”
Moreover, he mentioned meme cash like PEPE and BONK are gaining traction, particularly amongst younger traders who’re open to high-risk, high-reward alternatives. It’s a mirrored image of how fast-evolving and layered the Indian crypto neighborhood is turning into.
The U.S. authorities grew to become instrumental for mainstream crypto adoption throughout 2024, which created a big change in world crypto markets. Specialists anticipate that India, alongside distinguished nations, will expertise altering investor attitudes that help enlarging crypto acceptance.
Based on Bernstein, the whole crypto market capitalization will attain $7.5 trillion by 2025, and Bitcoin will take the lead with $3 trillion, adopted by Ethereum with $1.8 trillion, and Solana and Avalanche will see $1.4 trillion. The India-based change CoinSwitch receives help from Coinbase Ventures together with Sequoia Capital and Tiger International because it attracts 2 crore customers to commerce on its platform.
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