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XRP accounted for 13.3% of total trades on the platform during Q1 2025, marking a dramatic rise of eight positions since December 2024, as per a CoinSwitch data.
While XRP ruled the trading charts, Bitcoin continues to dominate investor holdings, making up 6.9% of total crypto assets held by Indian investors.
Ripple (XRP) has emerged as the most-traded cryptocurrency in India during the January-March 2025 quarter, surpassing even Bitcoin, according to the latest report by CoinSwitch, India’s largest crypto trading platform.
XRP accounted for 13.3% of total trades on the platform during Q1 2025, marking a dramatic rise of eight positions since December 2024. This surge dethroned Shiba Inu from the top spot and reflects renewed trader interest in XRP amid evolving global market conditions.
Bitcoin, which has long been the most preferred crypto among Indian investors, was the second most-traded token, commanding 8.4% of total trades, while Dogecoin followed closely at 6.4%, as per the CoinSwitch data.
“This shift indicates a more dynamic trading behavior, with Indian traders increasingly exploring beyond the traditional heavyweights,” said Balaji Srihari, vice president at CoinSwitch. “Bitcoin remains a long-term favourite, but we’re seeing increased activity in tokens like Ripple and Solana, alongside meme coins like PEPE and BONK.”
In March, US President Donald Trump announced the Crypto Strategic Reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano.
Other notable coins on the most-traded list included:
– Solana (5.6%)
– Ethereum (4.4%)
– PEPE (3.1%)
– Shiba Inu (2.6%)
– Cardano (2.5%)
– POPCAT (1.6%)
Meanwhile, BONK, once a strong contender, slipped to the bottom of the top 10 with 1.1% of trades, down from sixth place — highlighting the rapidly changing preferences of Indian crypto traders.
Bitcoin Leads Long-Term Holdings
While XRP ruled the trading charts, Bitcoin continues to dominate investor holdings, making up 6.9% of total crypto assets held by Indian investors. Dogecoin (6.6%) and Ethereum (5.2%) followed, underscoring their sustained appeal for long-term investment.
Interestingly, PEPE entered the top 10 holdings list for the first time, reflecting increased interest in emerging assets. Other popular long-term assets included Shiba Inu, Ripple, Cardano, Polygon, Internet Computer, and Solana.
India’s Crypto Landscape Matures
The findings, based on trading patterns across 310 listed coins, indicate a maturing and diversifying investor base in India. With more young investors engaging in high-risk, high-reward assets like meme coins, and others sticking to blue-chip tokens for stability, India’s crypto market is becoming increasingly layered.
The report covers trading and investment trends between January 1 and March 31, 2025, and comes amid global discussions around crypto regulation and institutional participation.
