Ripple Surpasses BTC And Shiba Inu To Emerge As The Most Traded Digital currency In India, CoinSwitch Reveals: Top Crypto To Invest In!
Ripple (XRP) has surfaced as the leading cryptocurrency among Indian investors, in an unexpected twist. A recent CoinSwitch report indicated that XRP now holds 13.3% of the total trading volume in India, surpassing both Bitcoin and the former favorite Shiba Inu.
As per CoinSwitch, India’s foremost cryptocurrency exchange, findings reveal a significant change in trading habits. Based on the investment and trading behaviors of Indian crypto traders for Q1 2025, “Ripple (XRP) has climbed to the forefront as the most frequently traded asset, capturing 13.3 percent of total trading volume, displacing Shiba Inu and showcasing a resurgence of crypto holder enthusiasm for the crypto token.”Bitcoin closely follows in second place at 8.4%, and Dogecoin is next at 6.4%. Other notable assets with high trading activity include Solana (5.6%), ETH (4.4%), PEPE (3.1%), Shiba Inu (2.6%), and Cardano (2.5%).
On the topic of Indian trading trends, Balaji Srihari, Vice President of CoinSwitch, remarked, “The year 2024 signified a crucial milestone for crypto asset worldwide, and the initial months of 2025 are just as exhilarating.”
“We are observing a clear shift in the way investors are engaging with the market,” he further stated.
By 31st Dec 2025, which crypto token will long-term holding the #2 crypto market cap position after $BTC?
— CoinSwitch: India’s Simplest Crypto App
(@CoinSwitch) January 29, 2025
https://twitter.com/CoinSwitch/status/1887732998272922026
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“Significant Growth In Trading Activity For Ripple In India”
Besides Ripple, the meme coins that are doing well in India are PEPE and BONK. They are increasingly popular, particularly among younger investors willing to take on high-risk, high-reward ventures.
“This trend illustrates the rapidly changing and complex nature of the Indian digital currency crypto market,” Srihari clarified.
Despite the changes in trading volumes, BTC remains the favored crypto asset for long-term investments among Indian investors. According to the CoinSwitch report, Bitcoin constitutes 6.9% of long-term holdings, closely followed by: Dogecoin: 6.6%, Ethereum: 5.2%, Shiba Inu: 4.2%. Ripple holds 3.5% of long-term investments in India.
The disparity between trading volumes and long-term investment preferences is particularly significant. While Ripple excels in trading activity, Bitcoin retains its position as the preferred store of value for long-term investors, underlining the distinct roles that various cryptocurrencies serve in investment strategies.
Top Crypto To Buy!
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Key Takeaways
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BTC, widely viewed as the leading digital currency globally, currently occupies the second slot with 8.4% of trading volume in India, while Dogecoin ranks next at 6.4%.
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Ripple’s rise to the top trading rank signifies a remarkable recovery for the currency, which has encountered considerable regulatory hurdles in recent times.
The post Ripple Surpasses Bitcoin And Shiba Inu To Become The Most Traded Cryptocurrency In India, CoinSwitch Findings: Top Crypto To Purchase! appeared first on 99Bitcoins.
