Indian crypto traders prefer Ripple: CoinSwitch

Cryptocurrency Ripple beat both Shiba Inu and Bitcoin when it came to crypto trading in India, as per a report by CoinSwitch crypto exchange.
“When it comes to trading, the data reveals a notable shift in behaviour. Ripple (XRP) has surged to the top of the list as the most actively traded asset, commanding 13.3 per cent of total trading activity, replacing Shiba Inu and signalling renewed trader interest in the token,” said the report that looked at the investment and trading patterns of Indian crypto investors for Q1 2025.
Bitcoin was a close second at 8.4 per cent and Dogecoin followed at 6.4 per cent. Other high-activity assets include Solana (5.6 per cent), Ethereum (4.4 per cent), PEPE (3.1 per cent), Shiba Inu (2.6 per cent), and Cardano (2.5 per cent), reflecting a blend of blue-chip assets and speculative plays.
Speaking on the data, Balaji Srihari, Vice President, CoinSwitch said that “2024 was a landmark year for crypto globally, and what we’ve seen in just the first few months of 2025 is equally exciting. There’s a clear shift in how investors are engaging with the market.
Bitcoin still holds its spot as a long-term favourite, and we’re seeing coins like Ripple and Solana surge in trading activity—likely driven by recent global developments in the space.
Additionally, meme coins like PEPE and BONK are gaining traction, especially among young investors who are open to high-risk, high-reward opportunities. It’s a reflection of how fast evolving and layered the Indian crypto community is becoming.”
Bitcoin still the most popular crypto
Indian investors continue to favour well-established digital assets for their long-term investment strategies such as Bitcoin (6.9 per cent), Dogecoin (6.6 per cent) and Ethereum (5.2 per cent).
Other popular holdings include Shiba Inu (4.2 per cent) and Ripple (3.5 per cent), reflecting the continued trust in these widely recognized coins. Meanwhile, Cardano (3.3 per cent), Polygon (2.9 per cent), Internet Computer (2.8 per cent), and Solana (2.3 per cent) have retained their positions in the top 10 since December 2024.
Published on April 22, 2025