Indian crypto investors on CoinDCX are increasingly moving away from a purely Bitcoin-focused mindset and adopting a more strategic, diversified investment approach. According to the exchange’s latest annual report, users are now building broader, long-term portfolios—signaling a maturing digital asset landscape in India.
The report shows that the average CoinDCX user now holds about five different tokens, compared to just two or three in 2022. This shift highlights growing confidence in digital assets as legitimate financial instruments, with long-term allocation strategies becoming more common. CoinDCX co-founder Sumit Gupta noted that Indian traders are becoming more comfortable with financial markets and now view crypto as the next major frontier for wealth creation.
Portfolio data from the report reveals that Layer-1 assets dominate holdings with 43.3% of total volume. Bitcoin follows at 26.5%, indicating reduced reliance on BTC as the sole store of value. Surprisingly, memecoins account for 11.8% of investor allocations, underscoring their growing cultural impact and speculative appeal.
CoinDCX, established in 2018, now boasts over 20 million registered users, solidifying its position as a major player in India’s digital asset ecosystem.
A More Mature and Diverse User Base
The platform’s user demographics also signal a shift in India’s crypto market. The average age of traders has risen to 32, with millennials forming the largest share of active users. This aging user base suggests that crypto is no longer dominated by only young, high-risk traders—it is increasingly appealing to financially mature individuals seeking diversified investment options.
Another standout trend is the steady rise in women entering the crypto space. While male users still make up the majority, female participation has doubled in the past year. Female investors on CoinDCX are also displaying more diversified strategies, expanding beyond traditional choices like Bitcoin and Ether.
India’s Crypto Market Continues to Evolve
As Indian investors embrace broader portfolios and long-term strategies, the nation’s crypto landscape is moving into a more sophisticated phase. The diversification trends highlighted in CoinDCX’s report reflect growing awareness, improved financial literacy, and a more confident class of digital-asset investors. With a rapidly expanding user base and evolving investor behavior, India remains one of the most dynamic crypto markets in the world.
