India's Millennials Drive Crypto Surge Across Tier-2 Cities

India's cryptocurrency market in 2025 is marked by significant growth driven primarily by younger investors aged 26 to 35, who constitute the largest share of crypto users. Tier-2 and Tier-3 cities like Jaipur, Lucknow, Patna, and Kolkata are emerging as important contributors to crypto adoption, with Kolkata notably reporting the highest percentage of profitable portfolios among investors. Bitcoin maintains its dominance as the leading digital asset in India, followed by popular meme coins such as Dogecoin, Shiba Inu, and PEPE, reflecting sustained interest in both established and memecoin assets. The Indian crypto futures market is evolving with platforms like Pi42 offering INR-margined perpetual futures trading, providing a tax-efficient, secure, and compliant alternative to traditional spot trading amid the ongoing 30% tax on crypto gains. The overall shift in India’s crypto landscape is supported by improved infrastructure, regulatory compliance, and growing digital awareness, enabling broader participation and more informed investment strategies across diverse cities and demographics.