For the first time, Gen Z crypto investors have become the largest group in India’s digital-asset market. A new report by CoinSwitch revealed that about 38% of Indian crypto investors are from Generation Z, surpassing millennials, who make up around 37% of the base. The findings show how younger Indians are embracing cryptocurrencies faster than any other generation.
Gen Z Takes the Lead
CoinSwitch’s Q3 2025 India Crypto Trends Report found that users aged between 18 and 25 now form the biggest share of crypto investors. This marks a major shift in investor demographics, as millennials had long dominated India’s digital-asset landscape.
According to the report:
- Gen Z investors: 37.6% of total user base
- Millennial investors: 37.3%
- Gen X & older groups: 25.1% combined
The findings underline a generational transformation in financial habits. Gen Z users are not only trading traditional cryptocurrencies like Bitcoin and Ethereum, but also experimenting with DeFi, NFTs, and blockchain-based startups.
Why Gen Z Is Driving Crypto Growth
There are several reasons behind this surge in Gen Z crypto investors:
- Digital familiarity: Gen Z grew up with smartphones, gaming and the internet, making them more comfortable using digital wallets and exchanges.
- Accessibility: Apps like CoinSwitch, WazirX, and CoinDCX make investing as simple as ordering online.
- Financial independence: Many young Indians are seeking new ways to earn and invest outside traditional banking systems.
- Social influence: Crypto communities on Instagram, Telegram and YouTube play a huge role in driving awareness among younger users.
- Low entry barriers: With minimum investments starting as low as ₹100, crypto provides an easy entry point for first-time investors.
Regional Trends
Interestingly, the report also noted that a growing number of Gen Z users come from Tier-2 and Tier-3 cities like Indore, Jaipur and Coimbatore. These regions, once dominated by gold and mutual-fund investors, are now seeing fast digital-asset adoption thanks to better internet access and mobile payments.
Risks and Caution for New Investors
While enthusiasm among Gen Z crypto investors is encouraging, experts warn about potential pitfalls:
- High volatility: Crypto prices can fluctuate sharply within hours.
- Regulatory uncertainty: India’s crypto tax rules and pending regulations can impact returns.
- Security issues: Phishing and exchange hacks remain real threats for inexperienced users.
Financial advisors recommend that new investors start small, diversify portfolios, and avoid emotional trading.
Industry Impact and the Road Ahead
The dominance of Gen Z crypto investors is likely to reshape India’s fintech sector. Exchanges may tailor products, education tools, and marketing campaigns to attract this younger demographic.
Crypto awareness initiatives—like learning modules and investment simulators—are also expected to grow. As regulation stabilizes, more Gen Z users may enter the market, turning crypto into a mainstream asset class in India.
CoinSwitch CEO Ashish Singhal noted that the findings highlight India’s position as one of the world’s fastest-growing digital-asset markets, with “young investors leading innovation, curiosity, and responsible adoption.”
Conclusion
The rise of Gen Z crypto investors marks a new chapter in India’s financial story. With nearly 38% of the investor base now under 25, this generation is driving a cultural and technological shift in how Indians view money, risk and opportunity.
If supported by clear regulation and strong education, India could become a global leader in youth-driven crypto adoption.
