Interest in cryptocurrency trading is increasing among young Indians as they seek to supplement their income.

According to CoinGecko data, cryptocurrency trading volumes like bitcoin and ethereum on India’s four largest exchanges more than doubled to US$1.9 billion in Q4 2024

Retail traders from smaller cities are driving this growth, with CoinSwitch reporting that seven out of the ten cities leading crypto activity are lower-tier locations such as Jaipur, Lucknow, and Pune.

The Indian crypto market is expected to grow significantly.

It is projected to potentially reach US$15 billion by 2035, up from US$2.5 billion in 2024, as projected by Grant Thornton Bharat.