India cryptocurrency market is expected to grow at an impressive rate during the forecast period. The India cryptocurrency market is driven by the growing requirement for transparency, as in the context of cryptocurrency, once the data transaction’s information has been written on a blockchain, it enters in the distributed ledger, and there can be no alterations, not even by the system administrator, thereby creating transparency in the process. Additionally, reduction in transaction costs is further expected to propel the market growth through FY2026. Increasing adoption of the digital currency by several traders in the country is further anticipated to bolster the growth of cryptocurrency market in a positive way.


The India cryptocurrency market is segmented based on type, packaging, distribution channel, company and region. In terms of process, the market is fragmented into mining & transaction. Among them, transaction segment dominated the market until FY2019 and is estimated to maintain its dominance in the market during the forecast years as well on account of have several advantages it provides, such as enhanced transactional security, decentralized system, protection from fraud and low fees. Furthermore, factors such as quick international transfers and protection from consumer chargebacks are further boosting the growth of segment.


Major players operating in the India cryptocurrency market include Intel Corporation India Private Limited, NVIDIA Corporation, Microsoft Corporation India Pvt Ltd, Xilinx India Private Limited, Advanced Microdevices Pvt. Ltd., Amazon India Pvt Ltd., Unocoin, BitGo, Coinbase, Ripple Labs Private Limited and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Years considered for this report:

Historical Years: FY2016-FY2019

Base Year: FY2020

Estimated Year: FY2021

Forecast Period: FY2022–FY2026

Objective of the Study:

  • To analyze and estimate the market size of India cryptocurrency market from FY2016 to FY2019.
  • To estimate and forecast the market size of India cryptocurrency market from FY2020 to FY2026 and growth rate until FY2026.
  • To classify and forecast India cryptocurrency market based on offering, process, type, end user, company and regional distribution.
  • To identify dominant region or segment in the India cryptocurrency market.
  • To identify drivers and challenges for India cryptocurrency market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India cryptocurrency market.
  • To identify and analyze the profile of leading players operating in India cryptocurrency market.
  • To identify key sustainable strategies adopted by market players in India cryptocurrency market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of traders across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the traders which could not be identified due to the limitations of secondary research. TechSci Research analyzed the traders and presence of all major players across the country.

TechSci Research calculated the market size of India cryptocurrency market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Cryptocurrency traders, banks and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to cryptocurrency
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as cryptocurrency traders, policy makers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India cryptocurrency market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Cryptocurrency Market, By Offering:
    • Hardware
    • Software
  • India Cryptocurrency Market, By Process:
    • Mining
    • Transaction
  • India Cryptocurrency Market, By Type:
    • Bitcoin
    • Etgereum
    • Bitcoin Cash
    • Ripple
    • Dashcoin
    • Litecoin
    • Others
  • India Cryptocurrency Market, By End User:
    • Banking
    • Real Estate
    • Stock Market & Virtual Currency
  • India Cryptocurrency Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India cryptocurrency market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Cryptocurrency Market

4.    Executive Summary

5.    Voice of Customer/Customer Insight

6.    India Cryptocurrency Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others)

6.2.2.     By Offering (Hardware & Software)         By Hardware (GPU, FPGA, ASIC & CPU)         By Software (Mining Platform, Coin Wallet, Exchange)

6.2.3.     By Process (Mining & Transaction)

6.2.4.     By End User (Banking, Real Estate, Stock Market & Virtual Currency)

6.2.5.     By Region (North, East, South, West)

6.2.6.     By Company

6.3.  Product Market Map

7.    North India Cryptocurrency Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Offering

7.2.3.     By Process

7.2.4.     By End User

8.    South India Cryptocurrency Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Offering

8.2.3.     By Process

8.2.4.     By End User

9.    West India Cryptocurrency Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Offering

9.2.3.     By Process

9.2.4.     By End User

10.  East India Cryptocurrency Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Offering

10.2.3.  By Process

10.2.4.  By End User

11.  Market Dynamics

11.1.              Drivers/Opportunities

11.2.              Challenges/Restraints

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Company Profiles

15.1.1.  Intel Corporation India Private Limited

15.1.2.  NVIDIA Corporation

15.1.3.  Microsoft Corporation India Pvt Ltd

15.1.4.  Xilinx India Private Limited

15.1.5.  Advanced Microdevices Pvt. Ltd.

15.1.6.  Amazon India Pvt Ltd. 

15.1.7.  Unocoin

15.1.8.  BitGo

15.1.9.  Coinbase

15.1.10.                Ripple Labs Private Limited

16.  Strategic Recommendations

17. About Us & Disclaimer

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