Indian cryptocurrency investors have shaken off their speculative appetites and are buying Bitcoin on dips Mumbai-based CoinDCX exchange told CoinDesk that prices are like seasoned pros.
“Indian investors are maturing. They are no longer driven purely by sentiment or headlines; instead, they focus on fundamentals and the long-term potential of the asset class,” CoinDCX CEO Sumit Gupta said in an email.
He added: “We see this in their actions: regular Bitcoin Systematic Investment Plans (SIPs), well-thought-out market orders, and well-thought-out limit orders.” Solana and ripple Same as other favorites.
The latest trend stands in stark contrast to the frenzied trading of 2021, when newbies chasing 100x pumps got involved clones and other smaller markers.
“It’s clear that participation is becoming more strategic and measured rather than passive. Investors are increasingly looking to Bitcoin as a source of portfolio diversification and long-term wealth creation,” Gupta said.
The price of Bitcoin has fallen to $75,000 after hitting a high of over $126,000 in October. The broader market followed suit, with altcoins suffering even greater losses. Coincidentally, the Indian rupee (INR) has depreciated against the US dollar in recent weeks, hitting a record low of 92 rupees against the US dollar.
But trading volumes on the exchange have picked up, rising from about $269 million in December to about $309 million in January, he said, adding that trading activity was more balanced. “We’re seeing short-term traders take profits by buying near the recent lows, but at the same time, long-term investors are steadily adding to their holdings, viewing these levels as opportunities,” he noted.
India, the world’s fastest-growing major economy, maintains a cautious, regulatory-focused stance on digital assets, treating them as taxable virtual digital assets (VDAs) rather than fiat currencies. The annual budget released over the weekend maintained a 30% tax on cryptocurrency gains, with no loss offset, 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 are designed to enhance compliance and combat money laundering and terrorist financing.
“The 2026 Union Budget proposes to strengthen compliance of cryptocurrency platforms with regard to transaction disclosure lapses, aiming to curb tax evasion on virtual digital assets,” Gupta said.
As the regulatory environment continues to evolve, we remain fully committed to working with policymakers to support the development of a safe, innovative and globally competitive VDA ecosystem.