Crypto Adoption in India Sees 20% Growth Among Women- Survey

India, the nation with the highest crypto adoption, is once again in the spotlight for its surge in contribution by females in the digital asset trading volume; a survey conducted by Giottus says that a major inclination of women investors toward crypto has been observed from January 2024 to January 2025.

The survey by the crypto exchange says that female traders in India are now contributing 15% to the overall trading volume of the Indian crypto market. Yet the growth in the surveyed frame is around 20%, with major holdings in Bitcoin and Ethereum.

Financial literacy is fueling women’s involvement in crypto

Over the past few quarters, several institutions, NGOs, and crypto-based companies have come into the field to ease the understanding of blockchain and digital assets for those planning to migrate to blockchain-based investment rather than the traditional stock market.

Especially in India, the shift in the sentiments over investors came following the constant bleeding of the traditional stock market; per data, the Indian stock market has registered over $1 trillion of outflow from October 2024 till February 2025.

Giottus survey also says that the huge portion of Indian female investors is led by the ones between 36 and 50 years of age, yet the younger generation of females remains slow in crypto trading.

It is noteworthy that the female traders of tier 2 and tier 3 cities are seen as more involved in crypto investment than the women from tier 1 cities

Earlier this month, Todayq reported that cities like Lucknow and Pune in India are leading the charge in terms of crypto adoption. In 2024, it was published that a government school teacher of Barabanki was looted $13 lakh in a cryptocurrency scam.

Is Crypto a recognized investment product or commodity?

India neither promotes nor restricts its citizens from investing in cryptocurrencies; at the same time, it imposes 31% taxes on the gains/ revenue from digital assets. The nation’s Ministry of Finance has been working to publish its concept paper on these blockchain-based products.

In February 2025, digital assets were discussed broadly in the assembly of India, which gave birth to speculations that the nation might soon present its own set of rules to regulate cryptocurrencies or legalize them.

Some recently published reports argue that the crypto market of India will be $15 billion by 2035 end Bitcoin and Ethereum remain the highest visited cryptos in the Indian market, with XRP and Dogecoin at third and fourth positions.

In the past 24 hours, dogi tokens have remained trending in India, with bitsCrunch Token at second and Bitcoin and Solana at third and fourth. A report says the PI network has the highest contributors in India, yet the migration from testnet to mainnet might slow its adoption and overall userbase.