Please Wait.....
Report
India Cryptocurrency Market By Type (Hardware & Software), By Process (Mining & Transaction), By Offering (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Market & Virtual Currency), By Region, Competition Forecast & Opportunities, 2021-2031F
Market Report I 2025-07-14 I 83 Pages I TechSci Research
Market Overview
India Cryptocurrency Market was valued at USD 3.98 Billion in 2025 and is projected to reach USD 11.07 Billion by 2031, growing at a CAGR of 18.65% during the forecast period. The market has witnessed robust growth, driven by increasing public awareness, growing retail participation, and advancements in digital infrastructure. Cryptocurrencies have gained popularity among Indian investors, traders, and tech-savvy consumers as alternative assets offering high return potential. Factors such as a young demographic, expanding internet penetration, and a dynamic fintech ecosystem are further accelerating adoption. As of November 2024, India has emerged as a major global hub for crypto innovation, with the country's developer contribution to global Web3 projects rising from 3% in 2018 to 12% by 2023. Although the regulatory landscape continues to evolve, India's growing role in blockchain development and its increasing user base signal strong long-term market potential.
Key Market Drivers
Growing Interest and Adoption
The expansion of digital connectivity and mobile internet access across India has significantly fueled the rise in cryptocurrency usage. With more than 900 million internet users and increasing smartphone penetration in rural and semi-urban areas, the infrastructure for digital financial engagement is well-established. Initiatives like Digital India have made digital wallets and online payments commonplace, enabling smoother entry into crypto markets. Millennials and Gen Z users are especially drawn to crypto for its innovation and investment potential. User-friendly crypto platforms and mobile apps have further lowered barriers to participation. The exponential rise in digital payments-exemplified by the Unified Payments Interface (UPI), which recorded a CAGR of 147% in volume and 168% in value in FY 2022-2023-demonstrates readiness for broader crypto adoption across diverse user segments.
Key Market Challenges
Regulatory Ambiguity and Uncertainty
The lack of a comprehensive and consistent regulatory framework remains a major constraint for the cryptocurrency market in India. While policymakers have made progress in framing guidelines, ambiguity persists around legal recognition, taxation, and compliance obligations for digital assets. This uncertainty discourages institutional investors, limits financial partnerships, and complicates operations for exchanges and wallet providers. Many crypto platforms face banking access issues and delays due to regulatory gray areas. Additionally, the absence of robust anti-money laundering (AML) and know-your-customer (KYC) standards specific to crypto transactions raises concerns about illicit activities. The government's oscillating stance-ranging from restrictions to cautious acceptance-adds to operational complexity and limits investor confidence.
Key Market Trends
Rising Adoption of Decentralized Finance (DeFi) Platforms
A key trend reshaping the India cryptocurrency market is the growing popularity of decentralized finance (DeFi) platforms. These systems offer financial services like lending, borrowing, and trading through blockchain-based smart contracts, eliminating the need for traditional intermediaries. DeFi platforms are gaining traction among Indian users seeking access to alternative investment tools, yield farming, and peer-to-peer financial interactions. Platforms built on Ethereum, Binance Smart Chain, and other networks are being actively explored. The appeal lies in transparency, automation, and attractive returns. Indian developers are increasingly building localized DeFi solutions and wallets, fostering innovation. However, widespread adoption depends on regulatory clarity and better consumer protection mechanisms. DeFi is emerging as a powerful catalyst for financial inclusion and digital asset integration.
Key Market Players
- Intel Corporation India Private Limited
- NVIDIA Corporation
- Microsoft Corporation India Pvt Ltd
- Xilinx India Private Limited
- Advanced Microdevices Pvt. Ltd.
- Amazon India Pvt Ltd.
- Unocoin
- BitGo
- Coinbase
- Ripple Labs Private Limited
Report Scope:
In this report, the India cryptocurrency market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
?India Cryptocurrency Market, By Type:
?o?Hardware
?o?Software
?India Cryptocurrency Market, By Process:
?o?Mining
?o?Transaction
?India Cryptocurrency Market, By Offering:
?o?Bitcoin
?o?Ethereum
?o?Bitcoin Cash
?o?Ripple
?o?Dashcoin
?o?Litecoin
?o?Others
?India Cryptocurrency Market, By End User:
?o?Banking
?o?Real Estate
?o?Stock Market
?o?Virtual Currency
?India Cryptocurrency Market, By Region:
?o?North
?o?South
?o?East
?o?West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India cryptocurrency market.
Available Customizations:
India Cryptocurrency Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. India Cryptocurrency Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Hardware & Software)
5.2.2. By Process (Mining & Transaction)
5.2.3. By Offering (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others)
5.2.4. By End User (Banking, Real Estate, Stock Market & Virtual Currency)
5.2.5. By Region
5.2.6. By Company (2025)
5.3. Market Map
6. India Hardware Cryptocurrency Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Process
6.2.2. By Offering
6.2.3. By End User
7. India Software Cryptocurrency Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Process
7.2.2. By Offering
7.2.3. By End User
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Market Trends & Developments
9.1. Merger & Acquisition (If Any)
9.2. Product Launches (If Any)
9.3. Recent Developments
10. Disruptions : Conflicts, Pandemics and Trade Barriers
11. Porters Five Forces Analysis
11.1. Competition in the Industry
11.2. Potential of New Entrants
11.3. Power of Suppliers
11.4. Power of Customers
11.5. Threat of Substitute Products
12. India Economic Profile
13. Policy & Regulatory Landscape
14. Competitive Landscape
14.1. Company Profiles
14.1.1. Intel Corporation India Private Limited
14.1.1.1. Business Overview
14.1.1.2. Company Snapshot
14.1.1.3. Products & Services
14.1.1.4. Financials (As Per Availability)
14.1.1.5. Key Market Focus & Geographical Presence
14.1.1.6. Recent Developments
14.1.1.7. Key Management Personnel
14.1.2. NVIDIA Corporation
14.1.3. Microsoft Corporation India Pvt Ltd
14.1.4. Xilinx India Private Limited
14.1.5. Advanced Microdevices Pvt. Ltd.
14.1.6. Amazon India Pvt Ltd.
14.1.7. Unocoin
14.1.8. BitGo
14.1.9. Coinbase
14.1.10. Ripple Labs Private Limited
15. Strategic Recommendations
16. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security