CoinDCX Users Build Larger Multi-Token Portfolios in 2025
- India sees rising multi-token holdings as users expand into broader blockchain sectors.
- Ethereum activity grows across major cities as traders explore new network use cases.
- Millennials lead deeper adoption as users widen portfolios across several asset groups.
Indian crypto users shifted toward broader portfolios in 2025 as CoinDCX reported a steady move away from single-asset thinking. The exchange noted that customers now hold about five tokens, up from two or three just a few years ago. This change appeared alongside rising interest in different blockchain sectors and more deliberate investment patterns. Layer-1 tokens made up 43.3% of portfolio volumes, while Bitcoin accounted for 26.5%.
Memecoins held an 11.8% share, and the report linked these numbers to wider research among users. Investors also moved toward long-term themes rather than quick price reactions. These changes raised a key question: Will broader participation translate into deeper engagement with emerging assets as India’s crypto market matures?
Regional Growth Shapes Trading Momentum Across Major Cities
Ethereum activity increased significantly in all major areas. Bengaluru was among the places that experienced the most significant swing in ETH trading, rising 650% from $4 million to $26 million. The trading volume in Pune rose tenfold, from $2.2 million to $20 million, during the same period.
Mumbai’s Ethereum trading enabled the generation of $22 million, compared to $16 million generated by Bitcoin users. It indicated that the people were interested in building and supporting the decentralized app and tokenized system networks. Lucknow also became more active with a fivefold rise in Ethereum trading.
Pune recorded strong interest in Solana, with trading volumes growing by a factor of 4. CoinDCX linked regional activity to the rise of theme-based participation, where users group assets by category or future potential. These shifts showed that investors now view crypto markets with behaviors similar to those in equity investing, where sectors influence decisions as much as price.
User Demographics Shift as Millennials Lead Broader Participation
CoinDCX has claimed that its clientele was constantly changing. The average user age increased from 25 to 32, and the trading platform attributed this to more financially stable investors entering the market.
Millennials represented the largest share of users because they had larger portfolios and were experimenting with various blockchain networks. The 18 to 24-year-old Gen Z users were still active but usually targeted the more volatile markets, such as memecoins, NFTs, and new layer-2 ecosystems, which are faster-moving areas.
Female participation doubled during the year. The exchange noted that more women adopted diversified portfolios, expanding beyond Bitcoin and Ether to explore multiple categories. This change added to the broader growth of theme-based investing across the platform. CoinDCX co-founder Sumit Gupta said India’s market already understands financial assets and called crypto a “natural next frontier.”
He stated that users increasingly recognize the fundamentals behind networks such as Ethereum, which support decentralized finance, tokenization systems, and real-world use cases.
Related: India Prepares ARC Token to Cut USD Stablecoins Reliance
DCX Group Expands Footprint as International Operations Grow
CoinDCX, on the other hand, continued to grow alongside its parent company, DCX Group. The firm transformed from a one-exchange operator to a multi-entity ecosystem engaged in business in both India and overseas. In 2024, the Group bought BitOasis, a key player in the Middle East and North Africa, as a broker-dealer. Later, in 2025, BitOasis moved into Bahrain, thus further solidifying the group’s foothold in the area.
The exchange stated that it now serves more than 20 million registered users. Founded in 2018, CoinDCX aims to provide simple, compliant access to digital assets for Indian users as the local market expands. The company continued to build tools and services designed for retail and emerging traders.
The a16z State of Crypto report highlights that mobile-wallet adoption is particularly strong in emerging economies like India, but also notes that broader token-market engagement remains comparatively low, suggesting wide but shallow crypto adoption. Gupta described this as limited depth in adoption. He wrote that “India’s adoption is wide” and noted that the country still has room for stronger participation, education, and innovation.
