&w=3840&q=100)
Bitcoin, Dogecoin, Ethereum lead crypto holdings on CoinSwitch in Q1
Crypto markets are gaining momentum as Bitcoin has bounced back, surpassing $87,000 after dipping to $74,500 earlier this month
Ajinkya Kawale Mumbai
Listen to This Article
Virtual digital assets (VDAs) such as Bitcoin, Dogecoin and Ethereum were among the most held assets on homegrown crypto exchange platform CoinSwitch during the first quarter of calendar year 2025 (Q1CY25).
This was followed by Shiba Inu, Ripple and Cardano. Polygon, Internet Computer and Solana retained their positions since December 2024. Pepe emerged among the top ten VDAs held by crypto investors in India during the quarter.
For trading crypto, Ripple was the top choice on the exchange. Ripple had a 13.3 per cent share of total trading activity during the quarter after it replaced Shiba Inu. It was followed
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
From thrill to trust: How Gen-Z is redefining crypto investing in India
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel A few years ago, crypto investing in India was often seen as a high-stakes game—fuelled by the thrill of quick profits and meme-coin mania. But that's changing fast. Gen-Z and millennials, once drawn by the excitement, are now taking a more strategic approach—treating Bitcoin and other digital assets as long-term wealth to Edul Patel, CEO and Co-founder of Mudrex , today's young investors are no longer chasing overnight gains. 'The one common theme we hear from our users is that they just want to buy and hold. It's almost like no one sells Bitcoin anymore,' he told ET says the mindset shift has been especially noticeable over the past couple of years. 'Till a couple of years ago, people would start off with Rs 500 just to try and double their money in a few days. That's no longer the approach,' he said. 'Now, it's about parking funds regularly, doing SIPs, and making crypto a part of long-term asset holdings.'Mudrex data shows that this change is being driven primarily by Gen-Z and millennial investors. These younger cohorts are gradually allocating 3–5% of their portfolios to crypto, treating it more like digital gold than a lottery reason for this evolution is better access to information. Patel believes education is playing a key role in tempering unrealistic expectations. 'Early on, there was a lot of thrill-seeking behaviour. But now, that's not the case for the vast majority. People understand that past returns won't repeat, and they're incorporating that into their worldview.'Regulatory uncertainty hasn't deterred this new wave either. 'It is completely legal to buy, sell, and trade crypto in India,' Patel said, clarifying a common misconception. 'While there's no designated regulator yet, the government is actively working on it.'Despite the optimism, Patel advises caution. 'We typically recommend not investing more than 10% of your wealth in crypto. In fact, 3–5% is the sweet spot,' he said. He also encourages new investors to start small—Rs 2,000 to Rs 5,000 initially—before scaling up with consistent own investment style reflects this philosophy. 'I don't own stocks directly. I invest via mutual funds. Similarly, in crypto, I do SIPs in Bitcoin and Ethereum,' he revealed. 'It's not about timing the market—it's about time in the market.'The broader trend suggests that Indian crypto investors are maturing. From late-night trading frenzies to systematic investment plans, the landscape is changing—one Bitcoin at a regulatory clarity improves and financial literacy grows, crypto is steadily cementing its place in India's investment ecosystem—especially among the country's youngest and most tech-savvy investors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
an hour ago
- Economic Times
From thrill to trust: How Gen-Z is redefining crypto investing in India
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel A few years ago, crypto investing in India was often seen as a high-stakes game—fuelled by the thrill of quick profits and meme-coin mania. But that's changing fast. Gen-Z and millennials, once drawn by the excitement, are now taking a more strategic approach—treating Bitcoin and other digital assets as long-term wealth to Edul Patel, CEO and Co-founder of Mudrex , today's young investors are no longer chasing overnight gains. 'The one common theme we hear from our users is that they just want to buy and hold. It's almost like no one sells Bitcoin anymore,' he told ET says the mindset shift has been especially noticeable over the past couple of years. 'Till a couple of years ago, people would start off with Rs 500 just to try and double their money in a few days. That's no longer the approach,' he said. 'Now, it's about parking funds regularly, doing SIPs, and making crypto a part of long-term asset holdings.'Mudrex data shows that this change is being driven primarily by Gen-Z and millennial investors. These younger cohorts are gradually allocating 3–5% of their portfolios to crypto, treating it more like digital gold than a lottery reason for this evolution is better access to information. Patel believes education is playing a key role in tempering unrealistic expectations. 'Early on, there was a lot of thrill-seeking behaviour. But now, that's not the case for the vast majority. People understand that past returns won't repeat, and they're incorporating that into their worldview.'Regulatory uncertainty hasn't deterred this new wave either. 'It is completely legal to buy, sell, and trade crypto in India,' Patel said, clarifying a common misconception. 'While there's no designated regulator yet, the government is actively working on it.'Despite the optimism, Patel advises caution. 'We typically recommend not investing more than 10% of your wealth in crypto. In fact, 3–5% is the sweet spot,' he said. He also encourages new investors to start small—Rs 2,000 to Rs 5,000 initially—before scaling up with consistent own investment style reflects this philosophy. 'I don't own stocks directly. I invest via mutual funds. Similarly, in crypto, I do SIPs in Bitcoin and Ethereum,' he revealed. 'It's not about timing the market—it's about time in the market.'The broader trend suggests that Indian crypto investors are maturing. From late-night trading frenzies to systematic investment plans, the landscape is changing—one Bitcoin at a regulatory clarity improves and financial literacy grows, crypto is steadily cementing its place in India's investment ecosystem—especially among the country's youngest and most tech-savvy investors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 hours ago
- Economic Times
Bitcoin or Gold: What's the real safe haven during global crises?
As geopolitical tensions between Iran and Israel flare up, investors are turning to traditional safe-haven assets to shield their portfolios. At the centre of this flight to safety are two competing assets: gold, the age-old hedge, and Bitcoin, often dubbed 'digital gold.' Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 56,243 ( -0.78 %) Buy Ethereum 2,19,079 ( -1.25 %) Buy Bitcoin 90,73,293 ( -1.31 %) Buy Solana 12,760.26 ( -2.47 %) Buy XRP 186.4 ( -2.72 %) Buy Tired of too many ads? Remove Ads Safe haven or speculative asset? As geopolitical tensions between Iran and Israel flare up, investors are turning to traditional safe-haven assets to shield their portfolios. At the centre of this flight to safety are two competing assets: gold , the age-old hedge, and Bitcoin , often dubbed 'digital gold.' But recent market behaviour raises a question—can Bitcoin truly rival gold in times of global stress?Gold prices have surged since tensions erupted, hitting record highs. On June 12, gold was priced at Rs 96,700 and touched Rs 1,01,078 by June 16. Although there was some profit booking later—with prices retreating to Rs 99,452 by June 18—the rally underscored investor preference for the tangible metal amid mirrors a broader trend. Central banks globally have been consistently adding gold to their reserves, reinforcing the metal's status as a defensive asset during crisis periods.'Gold has long held its ground as a traditional safe haven during periods of geopolitical and economic uncertainty,' said Prasanna Pathak, Managing Partner at The Wealth Company. 'Its intrinsic value, limited supply, and global acceptance make it a go-to asset when investors seek refuge from volatility.'Bitcoin, on the other hand, hasn't shown similar resilience. During the flare-up in the Middle East, Bitcoin fell from $109,000 on June 12 to $103,700 on June 17—wiping out nearly 5% in value. This mirrored the broader decline in risk assets such as equities, in stark contrast to gold's rally.A similar trend was observed during the Russia-Ukraine war in February 2022, when Bitcoin dropped from $45,000 to $35,000 in a matter of days.'While Bitcoin has emerged as a digital alternative and has its merits in portfolio diversification, its behaviour during recent geopolitical tensions suggests that it still reacts more like a risk asset than a crisis hedge,' Pathak its short-term volatility, some experts believe Bitcoin is beginning to carve out a longer-term role in modern portfolios.'With institutional giants like BlackRock and Fidelity backing U.S. Bitcoin ETFs, and over $60 billion now held in these funds, Bitcoin is becoming a globally accessible store of value,' said Devika Mittal, Regional Head at Ava Labs. 'It's no longer just a speculative asset—it's earning a place in conversations around financial security.'Vugar Usi Zade of Bitget added, 'Bitcoin offers liquidity and insulation from government actions during crises, though its volatility remains higher than gold.'The recent geopolitical developments have rekindled the debate around which asset offers better protection during global crises. While gold has a long-established track record of stability in uncertain times, Bitcoin continues to evolve, drawing both interest and consistent performance during recent market shocks reinforces its role as a dependable safe haven. Bitcoin, meanwhile, has shown potential but remains sensitive to investor sentiment and broader market the global financial landscape shifts, both assets may continue to play distinct roles—gold as a traditional shield, and Bitcoin as a high-growth, alternative store of value with long-term promise.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
