Indian crypto investors have scratched the speculative itch and are buying the bitcoin dip price like seasoned professionals, Mumbai-based exchange CoinDCX told CoinDesk.
“Indian investors are maturing. They are no longer guided solely by sentiment or headlines; instead, they are focusing on the fundamentals and long-term potential of the asset class,” CoinDCX CEO Sumit Gupta said in an email.
“We are seeing it in their behavior: regular bitcoin systematic investment plans (SIPs), deliberate market orders and carefully placed limit orders,” he added, naming ether. solarium and XRP like other favorites.
The latest trend contrasts with the frenetic trading of 2021, when rookies chasing 100x bombs dabbled in clones and other smaller tokens.
“It is clear that participation is becoming more strategic and measured, rather than reactive. Increasingly, investors are looking to Bitcoin to diversify their portfolio and create long-term wealth,” said Gupta.
Bitcoin price has fallen to $75,000 after reaching a high of over $126,000 in October. The broader market has followed suit, with altcoins posting further losses. Coincidentally, the Indian national rupee (INR) has depreciated against the US dollar in recent weeks, reaching an all-time low of 92 per dollar.
However, trading volumes have recovered on the exchange, rising from about $269 million in December to about $309 million in January, he said, adding that activity has been more balanced. “We see profit taking by short-term traders who bought near recent lows, but at the same time, steady accumulation by long-term investors who see these levels as an opportunity,” he noted.
India, the world’s fastest-growing major economy, maintains a cautious and regulatory-focused stance on digital assets, treating them as taxable Virtual Digital Assets (VDAs) rather than legal tender. The annual budget announced over the weekend maintained a 30% tax on crypto profits, with no offsetting of losses, and a 1% transaction tax deducted at source.
Regulations issued by the Financial Intelligence Unit also mandate strict KYC requirements, including regular and accurate reporting of user transactions by exchanges. These measures aim to strengthen compliance and combat money laundering and terrorist financing.
“The Union Budget 2026 proposes to strengthen compliance by crypto platforms in case of transaction disclosure failures, with an aim to curb tax evasion on virtual digital assets,” Gupta said.
We remain fully committed to working with policymakers to support the development of a secure, innovative and globally competitive VDA ecosystem, as the regulatory landscape continues to evolve.
