Crypto Investment 2024 : CoinSwitch, India's leading crypto trading platform, has published the third edition of its annual investor report - "India's Crypto Portfolio 2024: How India Invests". The report highlights India's growing crypto ecosystem and increasing participation in digital assets.

Highest crypto investment in Delhi-NCR

According to CoinSwitch, the Delhi-NCR region has made up the largest share of crypto adoption for the third consecutive year. The region saw almost twice as much investment as Bengaluru. Mumbai ranked third. According to the report, Delhi received 20.1% of India's total crypto investments, while Bengaluru and Mumbai contributed 9.6% and 6.5%, respectively.

CoinSwitch

Interest in Bitcoin and Dodgecoin The report also pointed out that Indian investors showed more interest in Bitcoin and meme coins such as Dodgecoin and SHIB. Dodgecoin topped the list of most invested coins, while PEPE performed the best with a growth of 1300% in 2024.

India Crypto Trends

• March and November proved to be the most active months for crypto trading in 2024.
• Late night hours (9:00 PM to 11:00 PM), especially on Mondays and Tuesdays, remain the most popular for trading.
• Bitcoin (BTC) and Ethereum (ETH) took the second and third places in investors’ choice with 7% and 6%, respectively.
• Meme coins account for 13% of crypto investments, with Dodgecoin leading the way with 55%, followed by PEPE and BONK.

New trends and demographics In 2024, new cities such as Kolkata and Botad in Gujarat made it to the top 10 crypto adopting cities. Moreover, investors under the age of 35 lead the sector, making up nearly 75% of investors. Women investors accounted for 11%, reflecting inclusivity in the sector.