India’s wealthiest investors are making a significant move into crypto, with top exchanges like CoinDCX and Mudrex reporting a sharp increase in trading volumes from high-net-worth individuals (HNIs) and family offices.
This transition follows the latest rally in Bitcoin and Ethereum, with leading Indian exchanges reporting a significant uptick in HNI activity. The ongoing U.S. Crypto Week has further fueled global investor confidence.
More Capital Flows Into Crypto from Indian HNIs
According to Money Control, exchanges including CoinDCX, CoinSwitch, Mudrex, and ZebPay have seen increased participation from Indian HNIs and family offices in recent weeks.
Related: No Warning: CoinDCX Delists Major Pairs, Indian Crypto Community Erupts
Crypto platform Mudrex reported that its HNI trading volumes surged 30% in one week, reaching $10 million. CoinDCX recorded a 25% to 30% month-on-month increase in average trade size from high-value clients in July, compared to June’s average of ₹5 lakh per trade.
According to CoinDCX, nearly half of its total trading volume between January and June came from more than 3,500 HNIs and institutional investors, each contributing over ₹50 lakh per month in spot market trades.
Why the investor mindset in India is shifting
CoinSwitch co-founder Ashish Singhal noted a growing preference for established cryptocurrencies such as Bitcoin and Ethereum, which offer credibility and liquidity. Investors are also showing interest in Solana and XRP.
Singhal observed a shift in investor mindset. “The conversation has moved from ‘Why crypto?’ to ‘How much should we allocate, and where?’” he said.
Retail Investors Also Rejoin the Market
While HNI trades are rising, retail investors continue to drive overall volume. CoinSwitch reported a threefold increase in daily average trading volume since Bitcoin’s recent price surge. CoinDCX said its average daily volume climbed from $9.17 million in June to $12.82 million in early July, a 40% increase.
Mudrex also saw spot trading volume more than double, while futures trading grew 200% in just one week. Roughly 45% of trades involved Bitcoin, Ethereum, Solana, and XRP. The rest was led by high-velocity meme coins like Dogecoin, PEPE, and Shiba Inu.
ZebPay reported that current activity shows a 60% skew toward buying, indicating retail investors are preparing for continued upward momentum.
U.S. Crypto Bills Add Confidence to Market Outlook
The rally comes amid U.S. legislative progress during Crypto Week, which began July 14. Lawmakers are reviewing three bills that could redefine crypto regulation.
The Genius Act, aimed at stablecoin regulation, passed the House and Senate review and President Donald Trump has signed it into law. The Clarity Act, which seeks to define the roles of U.S. regulatory agencies, and the Anti-CBDC Surveillance State Act, opposing centralized digital currencies, are moving to the Senate.
Related: India Probes Crypto Use in Terror Financing Linked to Pakistan
The developments have boosted optimism among Indian investors, who are watching closely for similar clarity and reforms in India’s crypto ecosystem.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Read the full article here
