CoinSwitch holds 1:1 ratio in total assets of ₹2,764 crore  

CoinSwitch holds ₹2,764.20 crore in total assets, including crypto holdings and liquid assets, with a reserve buffer of ₹625.56 crore over user holdings of ₹2,138.64 crore, as of March 31, 2025, as per the fifth Proof of Reserves (PoR) released by the company.
According to CoinSwitch, a surplus buffer ensures all user funds are fully backed and readily redeemable. The company said, “These surplus underscores the platform’s robust liquidity, prudent asset management, and unwavering focus on user fund security.”
Following the WazirX attack in 2024, many folks in crypto-space were concerned of losing their assets in case of such hacking. A 1:1 or higher ratio encourages investment in cryptocurrency.
“Between September 30, 2024, and March 31, 2025, CoinSwitch’s total holdings marked a 10 per cent growth. This is primarily due to significant appreciation in leading assets like Bitcoin, which rose from ₹57 lakh in October 2024 to ₹80 lakh by March 2025. This, coupled with increased participation and market optimism, has driven both the value of assets held and new investments,” said Ashish Aggarwal, Co-Founder of CoinSwitch.
User holdings grew by around 10 per cent since the previous PoR, largely due to favourable market conditions and increased investor confidence. Further, the company said the reserve buffer is a result of prudent asset management and reflects the platform’s strong liquidity and fiscal responsibility.
In terms of crypto-only holdings, CoinSwitch holds ₹2,576.54 crore whereas user crypto holds ₹2,043.15 crore.
Blue-Chip Dominance in Long-Term Holdings
Bitcoins continues to hold the most-held asset title with 6.9 per cent, followed by Dogecoin (6.6 per cent) and Ethereum (5.2 per cent), indicating long-term confidence in foundational digital assets.
Other popular coins like Shiba Inu, Ripple, Cardano, and Solana continue to see sustained holding patterns, pointing to diversification strategies among investors.
The company also noted high trading volumes in crypto-coins such as Solana, PEPE, and POPCAT. The exchange recognisedPEPE and POPCAT as breaking into the top 10 (held and traded, respectively) emerging crypto-coins.
Published on May 7, 2025