India’s leading cryptocurrency trading platform, CoinSwitch, has announced it has surpassed a significant milestone, exceeding 25 million registered users. This achievement positions CoinSwitch as the first Indian crypto platform to reach such a substantial user base.
This landmark accomplishment is fueled by significant retail investor participation. The platform experienced a substantial increase in trading activity throughout 2025, with average daily spot trading volumes increasing 2.4 times, highlighting CoinSwitch’s prominent position within the Indian market.
Established in 2017, CoinSwitch has consistently focused on simplifying the process of investing in digital currencies for Indian individuals. With a user community now exceeding 25 million, the platform reinforces its standing as a top Indian crypto exchange while fostering trust among those new to the crypto investment sphere.
CoinSwitch attributes its considerable growth to a strong commitment to security, regulatory adherence, and transparency. The firm holds ISO/IEC 27001:2022 certification and is officially registered with the Financial Intelligence Unit – India (FIU-IND). By prioritizing trust as a core operating principle, CoinSwitch has cultivated a secure and transparent setting for investors operating within a potentially volatile industry.
The growing acceptance of digital assets also reflects wider transformations occurring in India’s financial environment. According to a recent analysis by Goldman Sachs, Indian household savings are projected to channel approximately USD 9.5 trillion into financial assets over the coming ten years, driven by a shift from tangible possessions toward financial investments. While equities and similar assets are predicted to receive the bulk of this inflow, digital assets are gaining traction as an increasingly popular option among contemporary Indian investors.
Ashish Singhal, Co-founder of CoinSwitch, commented on the milestone saying, “From the very beginning, our core objective has been to democratize wealth creation for every Indian citizen. Whether we’re developing an intuitive app for beginners or designing sophisticated tools for experienced traders, we always prioritize the needs of Indian users. Reaching 25 million users represents an enormous achievement, and what makes it particularly meaningful is that many of those users entrusted us to guide them on their initial journey into the world of crypto. That is what truly motivates us to continue improving.”
Singhal further added, “Throughout this journey, we have been dedicated to addressing the specific challenges present in India, such as providing seamless Rupee-based products and simplifying crypto tax filing for our users. As we look ahead, our mission remains unchanged: to empower every Indian with the confidence to explore this new asset class safely, responsibly, and without hesitation.”
CoinSwitch remains dedicated to its vision of “Making Money Equal for All.” As cryptocurrency solidifies its standing as a mainstream asset, the company aims to empower every Indian investor to enhance their portfolio responsibly through innovation, education, and a user-focused strategy.