India’s wealthiest investors are making a big move on crypto as top exchanges such as CoindCX and Mudrex report a sharp increase in trading volume from high net individuals (HNIS) and family offices.
The transition follows the latest rally in Bitcoin and Ethereum, with major Indian exchanges reporting a significant increase in HNI activity. The ongoing US Crypto Week has further fueled global investors’ trust.
More capital flows from India’s HNI to Cryptocurrency
Exchanges, including CoindCX, Coinswitch, Mudrex and Zebpay, have seen an increase in participation from Indian HNI and family offices in recent weeks, according to Money Control.
Related: No warning: CoindCX registers major pairs and erupts Indian crypto community
Crypto Platform Mudrex reported that HNI trading volume skyrocketed 30% in a week to $10 million. CoIndCX recorded an increase in trade sizes between 25% and 30% from average trade clients in June.
According to CoindCX, nearly half of the total trading volume between January and June comes from over 3,500 HNIs and institutional investors, each making more than £50 per month in spot market trading.
Why Indian investors’ thinking is changing
Coinswitch co-founder Ashish Singhal noted that he prefers established cryptocurrencies such as Bitcoin and Ethereum, and prefers to provide reliability and liquidity. Investors have also expressed interest in Solana and XRP.
Sinhar observed a change in the way investors think. “The conversation started with, ‘Why Crypto?’ “Where should I assign, where should I assign it?” he said.
Retail investors will also join the market again
HNI trading is rising, but retail investors continue to drive overall volume. Coinswitch reported a triple increase in average daily trading volume since the recent price surge for Bitcoin. CoindCX said the average daily volume rose from $9.17 million in June to $12.82 million in early July, an increase of 40%.
Mudrex also more than doubled spot trading volume, with futures trading rising 200% in just one week. About 45% of the transactions involved Bitcoin, Ethereum, Solana and XRP. The rest was led by high-speed meme coins such as Dogecoin, Pepe, Shiba Inu and more.
Zebpay reports that current activity shows a 60% distortion on purchases, indicating that retail investors are preparing for the momentum of continued upward trend.
US Crypto Invoices Add confidence to your market outlook
The rally comes amid the US legislative advancement of Crypto Week, which began on July 14th. Lawmakers are considering three bills that could redefine crypto regulations.
The Genius Act, which aims to regulate Stablecoin, passed House and Senate reviews, and President Donald Trump signed the law. The Clarity Act, which seeks to define the role of US regulatory agencies, and the anti-CBDC surveillance national law, which opposes centralized digital currencies, has moved to the Senate.
Related: India probes cryptographic use in terrorist financing linked to Pakistan
The development has boosted optimism among Indian investors who are closely watching similar clarity and reforms in the Indian crypto ecosystem.
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