Crypto Adoption Surges Among Older Millennials and Gen X in India: CoinSwitch Q1 Report

CoinSwitch, India’s largest crypto investing and trading platform, today released the Q1 2026 edition of its flagship report, “India’s Crypto Portfolio: How India Invests,” offering insights based on the activity of over 2.5 crore of its investors across the country. The findings point to a clear shift in market maturity.

While investors aged between 26–35 continue to dominate participation at 48%, the 35+ segment emerged as the fastest-growing demographic, led by Gen X and older millennials entering the market.

Unlike younger cohorts who often enter markets early in experimentation phases, Gen X and older millennials typically adopt new financial assets after gaining confidence in their long-term value and regulatory clarity. This shift suggests that crypto in India is moving beyond early adoption into a more mature participation phase, where investors with greater financial experience and capital are entering the market.

“What stands out this quarter is not just who is investing, but how. The rise of the 35+ segment, alongside increased dip buying and the continued dominance of long-term holding, signals a clear shift toward a more mature market.”says Ashish Singhal, Co-founder of CoinSwitch.

Geographically, Uttar Pradesh (~12.9%) and Maharashtra (~12.3%) continue to lead adoption, reinforcing their position as India’s leading crypto adoption markets.

Bitcoin remains the backbone of India’s crypto ecosystem, accounting for 9.2% of total portfolio allocation across all tracked assets, while also leading trading activity at 17.4% of total trades, reaffirming its position as the market’s trusted long-term holding asset and a preferred trading instrument. Alongside Bitcoin, meme coins such as Dogecoin (6.0%) and Shiba Inu (4.4%) continue to feature prominently in Indian portfolios.


Trading behaviour also highlights India’s unique investor rhythm, with peak trading occurring between 10–11 PM. The late-night market trading trend highlights how crypto investing fits around work schedules, with many investors participating after traditional market hours.

Despite the 24×7 nature of digital assets, weekdays continue to outperform weekends, indicating that investors are increasingly following planned trading routines rather than opportunistic activity.

February 05 and 06 recorded peak trading volumes, coinciding with market corrections observed during that period, indicating increased buying activity during price dips.

Long-term investing continues to dominate, with 61.3% of investors holding assets for more than a year, while 28.3% engaging in momentum trading and 20.4% adopting dip-buying strategies. This combination highlights a market increasingly driven by planned strategies rather than impulse-driven trades.

Regional insights further reveal diverse investment styles:

●     Karnataka shows the highest conviction in blue-chip assets, with 32% portfolio allocation.

●     Bihar shows the highest participation in small-cap assets

●     Andhra Pradesh leads with 59.1% female participation

●     Haryana records the highest male participation

Across India, portfolios now reflect a balanced mix of blue-chip, large-, mid-, and small-cap assets, shifting toward structured investing. The findings also reinforce the importance of informed and responsible investing, as more investors shift toward structured portfolio allocation and long-term strategies.

Note: These insights are based solely on CoinSwitch user data and do not reflect trading or investment activity on other platforms.

For the full report, please visit:

https://coinswitch.co/switch/wp-content/uploads/2026/04/Annual_Report_2026_Rev-1.pdf

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