India Cryptocurrency Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 18.48% (2025-2033)

Market Size in 2024: USD 2.6 Billion

Market Size in 2033: USD 13.9 Billion

The India cryptocurrency market is evolving rapidly, driven by increasing adoption, regulatory developments, and growing interest in digital assets and blockchain. According to the latest report by IMARC Group, the market size was valued at USD 2.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 13.9 Billion by 2033, exhibiting a CAGR of 18.48% from 2025-2033.

India Cryptocurrency Market Trends and Drivers:

Rising consciousness and adoption of digital currencies among individuals and businesses are the factors responsible for the growth of the India cryptocurrency market. Besides this, the market is propelling owing to the growing penetration of smartphones and affordable internet access, which has made cryptocurrency trading and investment more accessible to a tech-savvy population.

Additionally, the rising interest in blockchain technology and its applications across industries such as finance, supply chain, and healthcare are further driving market expansion. Besides this, the potential for cryptocurrencies to provide faster, borderless transactions at lower costs compared to traditional banking systems is attracting significant interest.

Key trends shaping the India cryptocurrency market include the increasing popularity of decentralized finance (DeFi) platforms and non-fungible tokens (NFTs). In addition to this, DeFi is transforming financial services by offering decentralized lending, borrowing, and trading solutions, eliminating intermediaries, and enhancing transparency. NFTs, which represent unique digital assets, have gained traction among artists, gamers, and collectors, creating new revenue streams.

Furthermore, the emergence of blockchain-based startups and cryptocurrency exchanges has also contributed to the growth of the market, offering innovative solutions and user-friendly platforms for trading and investing. Another significant trend is the rising interest in stablecoins, which provide a less volatile alternative to traditional cryptocurrencies by being pegged to fiat currencies. Apart from this, education and awareness campaigns by industry stakeholders are helping demystify cryptocurrencies for the public, encouraging wider adoption, which is anticipated to drive the India cryptocurrency market over the forecasted period.

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India Cryptocurrency Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Bitcoin
• Ethereum
• Bitcoin Cash
• Ripple
• Litecoin
• Dashcoin
• Others

Breakup by Component:

• Hardware
• Software 

Breakup by Process:

• Mining
• Transaction

Breakup by Application:

• Trading
• Remittance
• Payment
• Others 

Breakup by Region:

• South India
• North India
• West & Central India
• East India 

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

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Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

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