For years, we all thought India’s crypto buzz was just a bunch of overcaffeinated metroites in Bengaluru cafés, Mumbai offices, and Delhi’s fintech echo chambers. But here’s the twist: the real action is now happening in places where people still know your name at the local chai wallah. Indore, Jaipur, Lucknow – and yes, even Botad – are the unsung heroes of this digital gold rush. 🚀
CoinDCX’s CEO, Sumit Gupta, dropped a bombshell: “40% of our users are now from tier-2 and tier-3 cities.” Indore, a city famed for its cleanliness drives and poha, has 10% of its population trading crypto. That’s like saying Mumbai’s 2-3% are just warming up with a pre-game snack. 🍛
If you thought India’s growth story was happening only in metro cities, think again!
– 40% of new @CoinDCX users = tier-2/tier-3 cities.
– Indore’s 10% crypto adoption vs. Mumbai’s 2-3%? That’s not a typo. That’s a revolution. 🚨– Sumit Gupta (CoinDCX) (@smtgpt) November 6, 2025
Gupta also revealed the average investor is 30-35 years old – not the Gen Z “I’ll HODL forever” crowd, but folks who’ve finally grown up… and decided crypto is their new hobby. 😅
The rise of the non-metro investor
Gen Z isn’t just buying crypto; they’re treating it like a second skin. UPI, fintech apps, crypto – it’s all just “money stuff” to them. CoinSwitch’s report says Gen Z (18-25) now outnumbers millennials as India’s top crypto investors. Millennials are still hanging around, but they’re basically the “cool aunt” of the crypto world. 🧠
Financial consultant Sudeep Saxena explains: “People in smaller cities see crypto as less risky than ‘traditional’ investments. Who needs mutual funds when you can gamble on a blockchain?” 🤑
India’s crypto push: From Indore to global ambitions
CoinDCX just got a $2.45 billion boost from Coinbase. Gupta’s plan? Build platforms for developers to create their own crypto apps. Because why build one app when you can let 100 developers do it for you? 🛠️
But let’s not forget the tax drama. A 30% flat tax and 1% TDS on crypto gains? Gupta calls it a “nightmare.” And he’s not alone. Dilip Chenoy warned India could lose a $1.1 trillion opportunity if it doesn’t regulate soon. Sounds like a horror movie plot. 🎃
A shift in global perception
Binance’s Richard Teng says India’s got the ingredients for crypto stardom: a young, tech-savvy population, UPI, and Aadhaar. “India’s the next big thing,” he says. Well, isn’t everyone? But hey, at least we’re not just “next” – we’re already here. 🌍
The regulatory road ahead
Gupta’s take on India’s regulatory chaos? “Running an exchange here is like herding cats on espresso shots.” And with 90% of his IIT grads fleeing abroad, it’s clear the talent is voting with their feet. 🚶♂️
From hype to habit
Crypto in India is now less “get rich quick” and more “here for the long haul.” Holding periods are longer, education programs are popping up in small towns, and even your uncle is asking about NFTs. 🎨
As Gupta put it: “Indore is now ahead of Mumbai.” So next time you think of India’s crypto future, picture it not in skyscrapers, but in co-working spaces, living rooms, and maybe even your cousin’s WhatsApp group. 🏠
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2025-11-06 11:51