Delhi-NCR Tops India’s Crypto Chart Again as Gen Z Investors Lead the Charge
Delhi-NCR has once again emerged as India’s undisputed crypto capital, holding 19.3% of the country’s total digital asset portfolio, according to the latest CoinSwitch “How India Invests: Q3 2025” report. The region’s dominance highlights its growing sophistication in digital investing, with 65.3% of portfolios currently in profit — a clear sign of a shift toward long-term, disciplined investment strategies rather than short-term speculation.
The report, based on data from over 2.5 crore CoinSwitch users, paints a fascinating picture of India’s evolving crypto landscape. For the first time, Gen Z (aged 18–25) has overtaken millennials to become the largest crypto investor group in the country. This younger generation now makes up 37.6% of India’s crypto investors, narrowly edging out the 26–35 age group, which accounts for 37.3%. Investors aged 36–45 represent another 17.8%, showing that crypto adoption is steadily expanding across age brackets.
Delhi-NCR Leads, Kolkata Shines in Profits
CoinSwitch attributed Delhi-NCR’s success to rising financial literacy and growing trust in digital assets as a legitimate part of diversified portfolios. The region’s investors are reportedly opting for balanced exposure, with 36.1% in large-cap assets, 32% in mid-caps, and 25% in blue-chip tokens — reflecting a strategic, risk-managed approach to wealth building.
While Delhi-NCR remains the investment leader, Kolkata has quietly become the nation’s most profitable crypto city, with 77% of local portfolios in profit. Close behind are Bengaluru and Mumbai, both of which continue to see strong participation from tech-savvy investors and high-net-worth individuals.
The Rise of Tier-2 and Tier-3 Cities
According to Balaji Srihari, Vice President at CoinSwitch, India’s crypto industry is now entering a “more mature phase,” with growing participation beyond major metros. “The next wave of growth will come from Tier-2 and Tier-3 cities, where awareness and accessibility are rapidly increasing,” he added.
The report also revealed that July 2025 was the busiest trading month of the quarter, coinciding with Bitcoin’s rally and the U.S. GENIUS Act, which spurred global optimism around digital assets.
A Snapshot of India’s Growing Crypto Maturity
While the findings are based solely on CoinSwitch’s user base, the data offers a strong reflection of broader market sentiment. As India’s investor demographic gets younger and more informed, the nation’s approach to crypto is shifting from hype to strategy — signaling that the era of serious, sustainable crypto investing has truly begun.