West Bengal has emerged as India’s most conviction-driven crypto currency market, with nearly six in 10 crypto traders in the state identifying as long-term buy-and-hold investors, according to a new survey by crypto exchange platform Mudrex.
The findings, released in the How India Trades Crypto 2026 report, are based on responses from 6,120 active crypto traders and investors across 22 states. The survey found that 60% of crypto traders in West Bengal consider themselves long-term holders, the highest proportion among all states and significantly above the national average of 41.2%.
The report also highlights a broader shift in investor behaviour across the country. Around 91% of Indian crypto traders said they avoid panic trading during periods of market volatility, while long-term investors outnumber short-term traders nationally. Nearly half of respondents allocate less than 10% of their overall investment portfolio to crypto assets, reflecting a measured approach to digital asset exposure.
From a demographic perspective, investors aged 35-44 showed the strongest long-term conviction, with 45.2% identifying as buy-and-hold investors. Women also displayed higher investment discipline, with 46.4% describing themselves as long-term holders compared to 40.7% of men.
The survey suggests Kolkata and the wider West Bengal region are increasingly embracing disciplined and systematic crypto investing. The state’s high concentration of long-term investors indicates growing confidence in digital assets as a wealth-creation tool rather than a speculative trading avenue, positioning Kolkata as one of India’s most mature and resilient crypto investment hubs.
Mudrex Founder and CEO Edul Patel said the findings challenge the perception that Indian crypto users are primarily speculative traders. Supporting this trend, Mudrex reported that crypto SIP openings on its platform grew more than 220% in 2025, with average monthly contributions rising to ₹4,000-₹6,000 by December.