- CoinDCX users now hold an average of five tokens, up from two to three previously.
- The number of female investors has doubled year-on-year thanks to broader diversification trends.
- Millennials remain the dominant user base, with the average age rising to 32.
Indian cryptocurrency investors are showing a stronger preference for diversified digital asset portfolios, marking an early shift toward more deliberate, long-term allocation strategies.
The CoinDCX annual report, released on Thursday, indicates that the country’s retail investor base is gradually moving away from equating crypto solely with Bitcoin, signaling broader market participation maturity going into 2025.
This trend reflects a market that is growing more confident, curious, and willing to explore a wider range of opportunities within an expanding digital ecosystem.
The exchange found that the average user now owns about five tokens, compared with two to three in 2022. This steady increase in holdings suggests rising awareness of portfolio construction and a greater willingness to explore different segments of the crypto market beyond the most familiar assets.
Layer-1 tokens lead activity
CoinDCX reported that layer-1 assets made up 43.3% of portfolio volumes. Bitcoin, priced at $93,133, accounted for 26.5% of allocations. Memecoins represented 11.8% of user portfolios, indicating that speculative interest remains a component of broader diversification trends.
The exchange said Indian traders are becoming increasingly comfortable navigating across various digital asset categories as adoption spreads nationwide. The report noted that cryptocurrencies are emerging as a natural extension of financial products many users already know.
Millennials dominate participation
The platform’s user base is aging, with the average trader now 32 years old. Millennials continue to make up the largest share of users, outpacing Generation Z in adoption, although younger traders remain active.
Generation Z users aged 18 to 24 tend to favor emerging narratives such as layer-2 ecosystems, memecoins, and non-fungible tokens. Their behavior reflects a greater appetite for thematic or speculative sectors.
CoinDCX also recorded a year-on-year doubling in the number of female investors. These users are diversifying beyond Bitcoin and Ether—priced at $3,183—into tokens such as Solana at $143.04 and Sui at $1.67.
Founded in 2018 and backed by Coinbase, CoinDCX is one of India’s largest crypto exchanges, with more than 20 million registered users. It remains a key gateway for retail access to digital assets.
India shows broad but shallow adoption
CoinDCX noted that India continues to lead on early indicators of digital asset awareness, including mobile-first trading and strong engagement with educational content on the platform. These signals point to robust nationwide interest in cryptocurrencies as a financial category.
However, the exchange found that deeper, research-driven participation is still limited. Many users enter the market through popular assets or trending narratives rather than sustained engagement with the ecosystem.
As a result, the platform characterized Indian adoption as “broad” but not yet “deep.”
CoinDCX said the country is still in the early stages of its digital asset journey, leaving significant room for education, innovation, and long-term growth as user sophistication develops.