Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more

India-based users received $88.4 billion in centralized-exchange (CEX) inflows from July 2025 through June 2026, yet domestic platforms received just 0.7% of Indian exchange volume, according to Chainalysis. The figures describe different things: India’s market is large, but very little of the exchange volume in the company’s comparison went to local platforms.

What does the 0.7% figure measure?

Chainalysis’s September 30, 2026 analysis estimates that domestic platforms received 0.7% of Indian exchange volume in its latest comparison. That is a platform-share figure. It is not India’s share of global crypto inflows, the percentage of Indian residents who use local exchanges, or the share of all crypto activity that takes place on domestic platforms. Chainalysis does not provide a full methodological explanation of platform attribution for this statistic in the analysis.

The domestic share was around 7% before a sharp decline in mid-2022, Chainalysis says. For comparison, domestic platforms handled an average of around 7% of local volume in other Central and Southern Asia and Oceania (CSAO) markets.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

How can India have $88.4 billion in inflows if local platforms get so little?

The $88.4 billion is the CEX inflow received by India-based users during July 2025–June 2026. It measures activity associated with users in India, not the amount received by exchanges based in India. A large market can therefore have high exchange inflows even when a small share of that volume goes to domestic platforms.

#1 Best Overall
Sale
Ledger Nano X - Classic Crypto Wallet with Bluetooth
  • Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
  • Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
  • Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
  • Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
  • Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.

In the same period, India had the largest CEX inflows among the CSAO markets Chainalysis compared, ahead of Singapore and Australia. These totals are separate from the share received by domestic platforms:

Market CEX inflows, July 2025–June 2026
India $88.4 billion
Singapore $82.3 billion
Australia $79.3 billion

Chainalysis also measured $135 billion in total crypto-economy activity in India over the period. That is a broader measure than CEX inflows, and the company reported that India’s crypto economy contracted 14.7% during the global bear market even as CEX activity remained strong.

Rank #2
Sale
TANGEM Crypto Wallet Pack of 3 – Trusted Cold Storage Hardware Wallet
  • Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
  • Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
  • Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
  • Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
  • Trusted by 6 million users worldwide (4.9 App Store, 4.8 Google Play) - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets

Why might users choose platforms outside India?

Chainalysis quotes CoinSwitch co-founder Ashish Singhal, who points to friction from local tax laws as one reason for capital moving away from domestic platforms. Singhal says compliant Indian exchanges levy the 1% tax on crypto transactions, while offshore exchanges may not. This is an attributed explanation, not proof that tax policy alone caused the domestic share to fall.

What’s actually slowing this PC down?

Pick the symptom - the matching free tool is one click away.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Historical context helps explain why tax treatment became a competitive concern. In its September 2023 analysis, Chainalysis described a 30% tax on crypto gains and a 1% tax deducted at source (TDS) on transactions. It said uneven TDS implementation by international exchanges could make Indian platforms less competitive, and noted that Indian web traffic to international exchanges rose after TDS began in July 2022. These are dated descriptions, not current individualized tax guidance. Anyone making tax decisions should check current official Indian rules.

Rank #3
TANGEM Crypto Wallet Pack of 2 – Trusted Cold Storage Hardware Wallet
  • Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
  • Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
  • Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
  • Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
  • Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

What the figures say—and do not say—about Indian crypto use

Chainalysis quotes Singhal describing crypto as “predominantly being used as an investable asset, primarily for buying, holding, and selling digital assets.” Mudrex CEO Edul Patel says, “For most users, the mindset is shifting from ‘flip’ to ‘accumulate,’” and describes crypto as increasingly held “as a diversifying asset alongside equities, gold and mutual funds.” These are industry executives’ observations, not results from an independently measured user survey.

India ranked first in Chainalysis’s 2025 Global Crypto Adoption Index, but that ranking is not a measure of local exchanges’ share of volume and does not explain the 0.7% result. The index uses a separate methodology; its 2025 edition removed the retail DeFi sub-index and added an institutional-activity sub-index.

Quick Recap

Best Value
Trezor Safe 7 Crypto Hardware Wallet with Bluetooth for Android/iOS/Desktop
  • Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
  • Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
  • See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
  • Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
  • Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
Rank #4
DCENT Hardware Wallet | Biometric Cold Storage, Bluetooth, Multi-Crypto
  • EAL5+ CERTIFIED SECURE ELEMENT + FINGERPRINT PROTECTION — Your private keys stay encrypted offline on a certified EAL5+ chip, the same security tier used in EMV bank cards. Built by DCENT, securing crypto since 2018. Fingerprint authentication adds a second layer no PIN-only wallet can match.
  • 10,000+ ASSETS NATIVE ON 100+ BLOCKCHAINS — Hold Bitcoin, Ethereum, XRP, Solana, Cardano, popular stablecoins (USDT, USDC), and NFTs in one wallet. No third-party apps, no fragmented setup — every supported asset works straight out of the box.
  • TAP-TO-SIGN MOBILE EXPERIENCE — Pair your wallet with the DCENT mobile app over Bluetooth. Manage tokens, review transactions, and access in-app swap features directly from your phone — no cables, no desktop required.
  • WEB3 & dAPP ACCESS VIA METAMASK — Connect to MetaMask and other browser extension wallets to manage NFTs, claim airdrops, and access dApps. A large screen and intuitive 4-button interface keep every transaction clearly visible before you sign.
  • SEAMLESS FIRMWARE UPDATES & 30-DAY MONEY-BACK GUARANTEE — Apply security updates without resetting your wallet or migrating funds. Backed by Amazon's 30-day money-back guarantee — your purchase is risk-free.

Sources

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.