AHMEDABAD, GUJARAT | 14th MAY 2026 | CoinSwitch, India’s largest crypto investing and trading platform, recently released the Q1 2026 edition of its flagship report, India’s Crypto Portfolio: How India Invests, based on insights from over 2.5 crore of its investors nationwide.
The report highlights Gujarat’s emergence as a steadily growing and maturing crypto market, led by Ahmedabad, which accounted for 45.5% of the state’s total invested value on the platform during the quarter.
Surat and Vadodara followed with 12.8% and 7.9% shares respectively. Gujarat also ranked as the 11th largest crypto-investing state on the platform during the quarter.
Investor portfolios also reflected a balanced allocation strategy. Large-cap assets accounted for 30.0% of holdings, followed by small-cap assets at 27.3%, mid-cap assets at 22.3%, and blue-chip assets at 20.4%. The trend reflects a gradual shift from hype-driven investing toward more structured portfolio allocation strategies.
Bitcoin (BTC) remained the most invested crypto asset in the state, mirroring the broader national trend where Bitcoin continues to dominate both portfolio allocation and trading activity.
Gender participation in Gujarat’s crypto ecosystem remained notably strong, with women accounting for 31% of investors in the state, making Gujarat one of the strongest contributors in female participation, second only to Andhra Pradesh.
“What we are seeing in Gujarat, especially in Ahmedabad, reflects the state’s strong culture of entrepreneurship and trading-led financial participation. Investors here have historically been early adopters of emerging asset classes, and that mindset is now extending to crypto as well. What stands out today is the growing maturity in participation, with investors increasingly focusing on long-term conviction, diversification, and balanced portfolio strategies rather than short-term approach.” said Ashish Singhal, Co-founder of CoinSwitch.”
Across India, trading activity peaked between 10–11 PM, while February 05 and 06 emerged as the busiest trading days of the quarter, driven by increased buying during market corrections. Long-term investing also continued to dominate, with 61.3% of investors holding assets for over a year.
Key Highlights:
- Ahmedabad contributes 45.5% of Gujarat’s total invested value
- Gujarat ranks as the 11th largest crypto-investing state on the platform
- Women account for 31% of crypto investors in Gujarat
- Investors aged 26–35 continue to dominate crypto participation nationally at 48%
- The 35+ segment emerged as the fastest-growing investor demographic this quarter
- Bitcoin (BTC) remains the most invested crypto asset in the state
- Peak crypto trading activity takes place between 10–11 PM
- 3% of investors continue to hold assets for over a year
Note: These insights are based solely on CoinSwitch user data and do not reflect trading or investment activity on other platforms.
