Written by Intern Queeny George M.H , Team Allycaral
August 27, 2025: India has quietly emerged as a dominant force in global cryptocurrency holdings. With an estimated $120 billion in Bitcoin alone, India is now the second-largest holder globally, just behind the United States — and possibly leading in retail ownership.
According to blockchain data and estimates, India holds nearly a million Bitcoins, equivalent to over 5% of the global BTC supply.
India now ranks #1 in the Global Crypto Adoption Index, according to a 2024 report by blockchain analytics firm Chainalysis. Another report from Triple-A indicates that 90 million+ Indians — about 8% of the population — own some form of cryptocurrency.
This growth reflects India’s evolving financial landscape, tech-savvy youth, and increasing acceptance of digital finance.
“Crypto in India is no longer fringe — it’s going mainstream,” say analysts.
While millions are entering the market, the bulk of capital remains concentrated among a few thousand elite players.
An Economic Times report highlighted that nearly 50% of CoinDCX’s trading volume comes from just 3,500 high net-worth individuals (HNIs), family offices, and institutional investors. This trend reflects a pattern seen on other major Indian exchanges as well.
So while adoption is wide, the wealth is still top-heavy — a sign of both opportunity and imbalance in the evolving crypto ecosystem.
As regulation slowly matures and investor education increases, India’s potential to shape the global crypto economy continues to grow. Whether you’re a seasoned HODLer or a curious newcomer, the Indian crypto story is one to watch.
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