CoinSwitch, India’s largest crypto trading platform, has published the third edition of its annual investor report—India’sCryptoPortfolio2024: How India Invests. The report deep-dives into India’s diverse crypto ecosystem and highlights the country’s growing engagement with digital assets.
In a year marked by Bitcoin’s historic rise to $100,000, Indian investors displayed a growing interest in meme coins. Dogecoin topped the list of the most invested coins while SHIB led the way for the most traded coins. PEPE emerged as the top-performing asset, soaring by 1300% in 2024.
A new entrant to the top 10, Kolkata ranks as the ninth-largest contributor to India’s crypto investments in 2024. The city demonstrates notable investor success, with 80% of portfolios in green and 25% of investments in midcap tokens, showcasing a strong understanding of the crypto market and an emerging hub for digital asset investors. “2024 has been a huge year for the global crypto ecosystem, driven by big political and regulatory changes that have sped up mainstream growth. At CoinSwitch, we’ve witnessed a spike in crypto investment across India,” said Balaji Srihari, Vice President, CoinSwitch.