Indian HNIs (High-Net-Worth Individuals) are making bold moves. Many are selling stocks and gold and putting their money into crypto. Within just the first 15 days of July, HNI trading volumes across top crypto exchanges went up by almost 30% compared to June. This shift is happening as global crypto markets hit a major bull run.
Top platforms like CoinDCX, CoinSwitch, Mudrex, and ZebPay have seen more activity from Indian HNIs and family offices. The buzz around “Crypto Week” in the US has added fuel to the fire. This is not just a trend. It looks like a shift in mindset.
At Mudrex, HNI trade volumes jumped by 30% last week alone, touching $10 million. CoinDCX also saw an increase, with the average HNI trade size growing from ₹5 lakh in June to 25–30% higher in July. Between January and June, over 3,500 HNIs and family offices made up nearly 50% of CoinDCX’s total trade volume. Their average monthly trading volume was over ₹50 lakh.
CoinSwitch’s co-founder Ashish Singhal says HNIs are mostly buying trusted tokens like Bitcoin (BTC) and Ethereum (ETH). They are also showing interest in Solana and Ripple (XRP). “Indian HNIs are not just curious anymore. They are convinced,” he said.
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Edul Patel, co-founder of Mudrex, agrees. He points out that while Indian Bitcoin ETFs are limited, HNIs are copying their global peers and investing directly in blue-chip crypto. Bitcoin ETFs in the US now hold $150 billion—double their value from 18 months ago. Even gold hasn’t matched that kind of growth in 20 years.
CoinDCX’s Mridul Gupta added that HNIs are usually cautious. They invest regularly in smaller amounts. But recently, demand has grown so fast that the platform had to double its HNI team in just six months.
Still, retail investors are not far behind. In fact, they are leading in terms of volume. CoinSwitch says its daily average trading volume tripled as Bitcoin hit new highs this week. Retail investors now want to hold their tokens long term.
CoinDCX saw trading volumes grow 40% in July. Mudrex’s spot trading volume doubled. Futures trading jumped by 200% in just one week. Blue-chip coins like Bitcoin, Ethereum, Solana, and Ripple made up 45% of all trades. The rest? Meme coins like Doge, PEPE, and Shiba Inu.
At ZebPay, 60% of trades are now buys. Investors are preparing for more gains. Some are booking profits, but most are buying and holding.
The big push came from the US “Crypto Week.” Three new laws—The Genius Act, The Clarity Act, and The Anti-CBDC Act—are changing the crypto landscape. One of them has already passed the Senate.
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