Indian GenZs Topple Millenials To Lead Crypto Growth; Bitcoin, Dogecoin, Ethereum Among Top Choices

India's Gen Z is outpacing millennials in the cryptocurrency investment space. The country's youngsters (age between 18-25) have emerged as the largest crypto investor base by surpassing millennials (who loosely fall in the age bracket of 26-35), revealed a research by CoinSwitch on Thursday, October 30.

The findings reveal that Gen Z (18-25) now leads India's crypto investor base for the first time with 37.6%. Whereas, those in the age bracket of 26-35 consist 37.3% of the share in investment, whereas investors in the age bracket of 36 to 45 years make 17.8% of the crypto investor base in India, as per the report. The report is based on the cryptocurrency investment trends during the July-September quarter of 2025.

Bitcoin, Dogecoin, Ethereum To Shiba Inu: Top 10 Most Invested Coins

As per the report, Bitcoin leads as the most popular investment at 7.2%, followed by Dogecoin at 6.1% and Ethereum at 4.9%. Seven out of the top ten tokens are large-cap coins, indicating a shift towards stable, utility-focused portfolios among investors.

Metro areas continue to be major hubs for crypto activity, with Delhi (19.3%), Bengaluru (8.9%), and Mumbai (7.0%) leading the way. However, Tier-2 cities like Jaipur, Lucknow, and Patna are emerging as significant centres for crypto adoption.

"Our insights reflect one of the largest retail investor bases in the country," stated Balaji Srihari, Vice President of CoinSwitch. "The data clearly shows India's crypto market is entering a more mature phase. What we're seeing is financial empowerment beyond the big cities. Though metros continue to lead, the next phase of India's crypto story will be shaped by Tier 2 & 3 cities."

Ethereum Emerges As King With Max Trading Activity

The report highlights that Ethereum led trading activity with an 8.9% share, followed closely by Ripple and Bitcoin at 7.6% each. Traders seem to prefer momentum plays around coins nearing their all-time highs.

The analysis also reveals distinct regional investment patterns: Mumbai excels in Blue-Chip investments with a share of 37.4%, Hyderabad leads in Large-Cap allocations at 37.3%, Patna dominates Mid-Cap allocations with 42%, while Jaipur is ahead in Small-Cap portfolios at 9.4%. Kolkata stands out with the highest profitability rate, where 77% of portfolios are profitable.

July emerged as the busiest month for trading during this quarter, contributing significantly to overall volumes on CoinSwitch's platform. The peak trading days were July 11 and July 18, coinciding with Bitcoin's record-breaking rally and the U.S.'s passage of the GENIUS Act.