India Preferring Ripple XRP Over Bitcoin and Ethereum According to CoinSwitch

India Preferring Ripple XRP Over Bitcoin and Ethereum According to CoinSwitch

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That radical crypto flip happened in India during Q1 of 2025, according to data from CoinSwitch - Ripple (XRP) stealing the show as the prime-traded digital asset, outpacing Bitcoin in trading volume. Now, that's a shocker, right?

Despite the undeniable allure of traditional investment options like gold, real estate, and agricultural lands, it seems that the Indian market is catching a serious case of the modern investment bug - digital assets.

While Bitcoin held a firm grip as the top long-term investment choice, making up the largest portion of investor holdings on CoinSwitch, Ripple ruled the trading roost, accounting for a whopping 13.3% of total trades, edging out Bitcoin, Ethereum, and Shiba Inu in this arena.

The reasons for XRP's surge in trading volume are manifold. Recent positive developments surrounding Ripple Labs' legal battles, coupled with fervor about forthcoming regulatory clarity in India, may have fed the embers of speculative trading.

As per the report, Indians have kept the faith in Bitcoin (6.9%), Dogecoin (6.6%), and Ethereum (5.2%) for the most part. But Ripple wasn't far behind in the popularity race, nestling comfortably in fourth place with a 3.5% share.

The report interestingly mentions PEPE as a relatively new asset that has muscled its way into the top 10, displacing Loopring. Other consistent performers in the top 10 have included Cardano, Polygon, Internet Computer, and Solana since December 2024.

The crypto trading scene in India has undergone a dynamic transformation in recent times. Ripple, it appears, has replaced Shiba Inu in the leading league. Other notable digital assets continue to generate impressive trading activity, including Solana (5.6%), Ethereum (4.4%), PEPE (3.1%), and Shiba Inu (2.6%)- besides those blue-chip coins.

POPCAT and BONK have had an eventful ride, with POPCAT leapfrogging into the top 10 with a 1.6% trading share, while BONK slid down to the bottom of the pile with a 1.1% market share.

Balaji Srihari, CoinSwitch's VP, shared, "Bitcoin ain't going anywhere, and we're seeing a surge in trading activity for Ripple and Solana, likely driven by recent global dramas."

He also indicated that meme coins like PEPE and BONK have found favor among risk-takers with deep pockets. It's an intriguing snapshot of the evolving, multi-layered Indian crypto community.

In 2024, the U.S. government rocked the crypto world by fostering mainstream acceptance- triggering seismic shifts across global crypto markets. Experts foresee India and other prominent nations experiencing shifting investor mindsets supportive of expanding crypto adoption.

According to Bernstein, the global crypto market capitalization looks set to reach the gargantuan $7.5 trillion by 2025, with Bitcoin leading the charge at $3 trillion, followed closely by Ethereum with $1.8 trillion, and Solana and Avalanche nabbing $1.4 trillion. CoinSwitch, the India-based exchange, enjoys the patronage of investors like Coinbase Ventures, Sequoia Capital, and Tiger Global, and boasts an impressive user base of 2 crore.

Further Insights:- XRP's lead in Indian crypto trading indicates a potent mix of traders' enthusiasm amid regulatory optimism and Ripple's growing market stature. [Source: CoinSwitch]- As per CoinSwitch's data, while Bitcoin remains the top long-term investment choice, its volume surge did not match XRP's, highlighting XRP's liquidity and momentum making it more attractive to frequent traders. [Source: CoinSwitch]- Market experts attribute XRP's strong future potential to bullish projections and significant growth forecasts, encouraging more investors to participate in its trading activity. [Source: Various sources]- CoinSwitch's extensive user base and financial backers have played a crucial role in facilitating XRP's dominance in India's trading market. [Source: CoinSwitch]

1. In Q1 of 2025, Ripple (XRP) outpaced Bitcoin in trading volume, becoming the prime-traded digital asset in India, according to CoinSwitch data.
2. Despite the popularity of traditional investment options like gold, real estate, and agricultural lands, the Indian market has shown a growing interest in digital assets.
3. While Bitcoin still held a significant portion of investor holdings on CoinSwitch, Ripple accounted for a substantial 13.3% of total trades, edging out Bitcoin, Ethereum, and Shiba Inu.
4. The reasons for XRP's surge in trading volume include recent positive developments surrounding Ripple Labs' legal battles and anticipation about forthcoming regulatory clarity in India.
5. In addition to Bitcoin, Dogecoin, and Ethereum, Ripple was the fourth most popular digital asset among Indians, with a 3.5% share.
6. PEPE, a relatively new asset, has muscled its way into the top 10, displacing Loopring, while POPCAT and BONK have had mixed fortunes, with POPCAT leaping into the top 10 and BONK sliding to the bottom.
7. Solana, Ethereum, PEPE, and Shiba Inu, besides the blue-chip coins, continue to generate impressive trading activity in India.
8. Balaji Srihari, CoinSwitch's VP, suggests that Bitcoin is still significant, but there's a surge in trading activity for Ripple and Solana, possibly driven by global developments.

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