India’s crypto scene just got a shake-up — and no, it’s not Bitcoin leading the charge this time. According to a fresh report from CoinSwitch, Ripple (XRP) has officially taken the top spot as the most actively traded cryptocurrency in India, beating out not just Bitcoin but also fan-favorites like Shiba Inu and Dogecoin.
Let’s break it down.
Cryptocurrency, often just called “crypto,” is a digital form of money that operates independently of traditional banks. It uses blockchain technology — a decentralized system that records transactions across multiple computers — to ensure security, transparency, and immutability. Unlike rupees or dollars, cryptocurrencies like Bitcoin, Ethereum, and Ripple (XRP) are not controlled by any government. Over the past few years, crypto has gained massive popularity in India, both as a high-risk trading option and a long-term investment vehicle. With exchanges like CoinSwitch making it easier than ever to buy and sell crypto, more Indian investors are exploring this digital frontier than ever before.
Ripple Takes the Lead
CoinSwitch’s Q1 2025 report reveals a surprising shift in trading behavior among Indian crypto investors. Ripple now commands 13.3% of total trading activity, making it the #1 traded crypto on the platform.
That’s a big leap — especially considering Shiba Inu held that position not too long ago. The report suggests this surge in XRP trading points to a renewed interest among traders, possibly fueled by global developments in the Ripple ecosystem.
The Rest of the Pack
Not far behind Ripple is the OG of crypto, Bitcoin, sitting at 8.4% of total trades. Dogecoin comes in third at 6.4%, showing it still has strong community backing.
Here’s a quick look at the other top-traded coins:
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Solana (SOL): 5.6%
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Ethereum (ETH): 4.4%
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PEPE: 3.1%
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Shiba Inu (SHIB): 2.6%
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Cardano (ADA): 2.5%
It’s a fascinating mix — a blend of blue-chip cryptos and high-risk, high-reward meme coins. According to Balaji Srihari, Vice-President at CoinSwitch, “There’s a clear shift in how investors are engaging with the market.” He added that while Bitcoin remains a long-term favorite, Ripple and Solana’s rise is likely linked to global events, and meme coins like PEPE and BONK are catching on with younger investors looking for exciting opportunities.
Bitcoin Still a Long-Term Darling
Now, just because Ripple’s leading the trading charts doesn’t mean Bitcoin’s lost its shine. When it comes to long-term investments, Bitcoin still tops the list at 6.9% — not far ahead of Dogecoin (6.6%) and Ethereum (5.2%).
These numbers show that while Indian traders are becoming more adventurous, many are still playing it safe with well-established digital assets.
Here’s a look at India’s top crypto holdings for long-term investors:
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Bitcoin (BTC): 6.9%
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Dogecoin (DOGE): 6.6%
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Ethereum (ETH): 5.2%
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Shiba Inu (SHIB): 4.2%
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Ripple (XRP): 3.5%
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Cardano (ADA): 3.3%
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Polygon (MATIC): 2.9%
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Internet Computer (ICP): 2.8%
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Solana (SOL): 2.3%
Interestingly, the top 10 long-term holdings haven’t changed much since December 2024, suggesting a sense of consistency and trust in these assets among Indian investors.
Final Thoughts
India’s crypto landscape is evolving at a rapid pace, and the latest data from CoinSwitch makes that crystal clear. Ripple’s unexpected surge to the top of the trading charts isn’t just a one-off blip — it’s a clear indication of a changing mindset among Indian investors. More traders are branching out from the traditional strongholds like Bitcoin and Ethereum, and they’re actively exploring a broader range of digital assets, from utility tokens like Solana to high-risk meme coins like PEPE and BONK.
This shift also reflects a growing maturity in the Indian crypto community. Traders and investors are becoming more strategic, more informed, and more adaptable to the global trends influencing digital markets. Ripple’s popularity, for example, could be tied to ongoing legal developments and potential institutional adoption abroad — and Indian traders seem to be picking up on that.
At the same time, the continued dominance of long-term holdings like Bitcoin, Ethereum, and Dogecoin suggests that while Indian investors are open to experimenting with new tokens, they haven’t lost faith in the tried-and-tested big names either. It’s this blend of risk-taking curiosity and long-term conviction that makes the Indian crypto market especially vibrant.
Looking ahead, it’ll be interesting to see whether Ripple can maintain its momentum or if other contenders like Solana or even newer meme coins will step into the spotlight. One thing’s for sure — Indian crypto traders are more active, more diverse, and more curious than ever, and that makes for an exciting future.
So, whether you’re a seasoned investor or someone just dipping your toes into the world of crypto, there’s never been a more thrilling time to watch the Indian market unfold.
Stay tuned — this story is just getting started.
