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Is Smart Money Moving Into Crypto in India? Institutional Buying Jumps in 2025

Published by
Zafar Naik

Something important is happening in India’s crypto market, and it’s not coming from retail traders chasing short-term moves. In 2025, institutional crypto investment in India is rising fast.

Across major Indian exchanges including CoinDCX, CoinSwitch, ZebPay, and Mudrex, institutional participation has grown 30–50% year-on-year, now making up a meaningful share of total trading volumes.

That growth has also outpaced global exchange trends, with Binance reporting only a 14% increase in institutional users worldwide during the same period

Here’s what you should know.

Who Is Actually Buying Crypto in India?

These “institutions” are not SEBI-regulated funds, which remain cautious due to regulatory uncertainty. Instead, the activity is being driven by HNIs, ultra-HNIs, family offices, and corporates.

Among exchanges, CoinSwitch saw the sharpest jump, with institutional participation rising 93.23% compared to 2024. CoinDCX said nearly half of its trading volume now comes from its VIP Prime users, a group of over 3,500 investors trading ₹50 lakh or more per month.

Mudrex reported that almost one-third of its volumes now come from institutional activity, with growth of 25-30% YoY.

Crypto Exposure Stays Limited

Despite the surge in participation, Indian institutions are keeping crypto exposure limited. Most allocate just 2–5% of their overall portfolios, reflecting a cautious, risk-managed approach.

“This contrast highlights the headroom for growth in India,” said CoinDCX Co-founder and CEO Sumit Gupta. “With clearer regulations and a more balanced tax framework, domestic institutional allocations are well positioned to move closer to global norms”

Globally, around 55% of hedge funds already hold crypto, with average allocations closer to 7%, showing how early India still is in its institutional adoption cycle.

What Indian Institutions Are Buying

The buying pattern is clear. Institutions are sticking to blue-chip, high-liquidity assets – primarily Bitcoin, Ethereum, Solana, and XRP. On Mudrex, BTC, ETH, and SOL alone account for nearly 70% of institutional activity.

CoinSwitch CEO Ashish Singhal said these preferences reflect a disciplined institutional approach, with portfolios anchored in proven assets while remaining flexible as the market continues to mature.

Community Reaction

Siddharth Bharwani, JMD and CFO of Jetking Infotrain Limited, said more than 40 Indian companies are ready to adopt Bitcoin, signaling growing interest.

The trend has sparked debate in the crypto community, with many questioning institutional buying on Indian exchanges and saying they might be positioning too early.

Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

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