Crypto deposits outpace withdrawals by up to 6x in H1; millennials dominate India's investor base: Report

According to the H1 2026 India Crypto Trends Report by WazirX, crypto deposits consistently exceeded withdrawals by 2–6 times during the first half of 2026, while withdrawal requests declined by nearly 55%, indicating improved investor conviction and longer-term participation.

The report also paints a clear picture of today's Indian crypto investor. The average WazirX user is a 34-year-old working professional from a non-metro city, with more than 82% of verified users coming from non-metros. Millennials remain the primary growth engine, with 50.8% of users aged between 25 and 34, while nearly 80% fall within the 25–44 age group, reinforcing the growing appeal of crypto among India's working population.

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Nearly 95% of all post-restart traders were returning users, while one in seven returning traders added fresh capital, signalling renewed investor confidence rather than merely managing existing holdings.

The report highlights a remarkable resurgence in investor confidence following the platform's restart, with existing users driving market recovery while newer products such as Futures and WazirX Zero witnessed strong adoption.

Product adoption accelerated significantly during the period. WazirX Zero subscribers traded nearly twice the monthly volume of pay-per-trade users, recorded a 13% higher trading frequency, and demonstrated more than five times higher repeat engagement, highlighting the benefits of a fixed-fee trading model.

Meanwhile, Futures emerged as one of the platform's fastest-growing offerings, with trading value rising 300% between March and June. More than 93% of Futures users also remained active Spot traders, reflecting deeper ecosystem engagement.

Trading behaviour throughout H1 reflected a maturing market. Stablecoins accounted for 38.5% of trading volume, serving as the preferred liquidity gateway, while Bitcoin, Ethereum and Layer-1 assets contributed 28.4% of overall volume.

At the same time, meme coins attracted the largest number of unique traders, underscoring continued retail interest in emerging narratives. As market confidence improved through Q2, investor participation broadened into sectors such as AI, DeFi, gaming, Layer-2s and real-world assets.

Beyond trading activity, the report highlights WazirX's continued focus on rebuilding trust and strengthening platform security. During H1, the company completed the issuance of Recovery Tokens to all eligible users within the court-approved timeline. It also integrated Fireblocks' digital asset infrastructure to further enhance platform security alongside BitGo, launched the Guardians of Trust initiative to promote transparency and user education, and introduced Taxlyst, a free crypto tax reporting platform for Indian users.

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"The first half of 2026 marked an important phase in rebuilding WazirX. At the start of the year, we set ourselves a clear objective: make customer delight our default. For us, customer delight means looking at every decision from the user’s side. This principle shaped how we improved our product, supported users and delivered the commitments made during our restart,” said Nischal Shetty, Founder, WazirX.


For our users, we are working hard to become a platform that works consistently, communicates transparently and delivers on its commitments, Shetty added.

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