Ripple (XRP) has emerged as the strongest digital asset among Indian traders, in a surprising turn of event. A recent CoinSwitch report found that XRP now commands 13.3% of the overall trading volume in India, outperforming both Bitcoin and the previous favourite Shiba Inu.
CoinSwitch, India’s largest cryptocurrency exchange, found that the data reveals a notable shift in behaviour when it comes to trading. According to the investment and trading patterns of Indian crypto investors for Q1 2025, “Ripple (XRP) has surged to the top of the list as the most actively traded asset, commanding 13.3 per cent of total trading activity, replacing Shiba Inu and signalling renewed trader interest in the token.” Bitcoin was a close second at 8.4% and Dogecoin followed at 6.4%. Other high-activity assets include Solana (5.6%), Ethereum (4.4%), PEPE (3.1%), Shiba Inu (2.6%), and Cardano (2.5%).
Regarding the Indian trading pattern, Balaji Srihari, Vice President of CoinSwitch, said, “The year 2024 marked a pivotal moment for cryptocurrency on a global scale, and the early months of 2025 are equally thrilling.”
“We are witnessing a distinct transformation in how investors are participating in the market,” he added.
https://twitter.com/CoinSwitch/status/1884464216297607528?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow
https://twitter.com/CoinSwitch/status/1887732998272922026
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Apart from Ripple, which meme coins are performing well in India? The answer to this is PEPE and BONK. They are gaining traction, especially among young investors open to high-risk, high-reward opportunities.
“This trend illustrates the fast-evolving and multifaceted nature of the Indian cryptocurrency landscape,” Srihari explained.
Despite the shifting trends in trading volume, Bitcoin continues to dominate as the preferred cryptocurrency for long-term investment among Indian investors. According to the CoinSwitch report, Bitcoin accounts for 6.9% of long-term holdings, followed closely by: Dogecoin: 6.6%, Ethereum: 5.2%, Shiba Inu: 4.2%. Ripple accounts for 3.5% of long term holdings in India.
The contrast between trading volume and long-term investment choices is particularly noteworthy. While Ripple leads in trading activity, Bitcoin maintains its status as the preferred store of value for long-term investors, highlighting the different roles various cryptocurrencies play in investment strategies.
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The post Ripple Beats Bitcoin And Shiba Inu To Become Most Traded Cryptocurrency In India, CoinSwitch Reports: Best Crypto To Buy! appeared first on 99Bitcoins.
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