Uttar Pradesh remains India’s largest crypto market in Q2 2026: Report

Crypto adoption is growing across India, with participation spreading beyond traditional financial hubs. Regional trends highlight how different states are contributing to the expanding crypto ecosystem and reflect the diversity of India’s investor base. Here is a detailed breakup in Q2 2026, according to a report by CoinSwitch.

Uttar Pradesh remained India's largest crypto market during Q2, accounting for 12.9% of total investment.

Maharashtra and Karnataka accounted for 12.39% and 8.1% respectively of the total investment.

Delhi accounted for 7.38% of the total investment in the second quarter of calendar year 2026.

Haryana accounted for 5.89% of the total investment. The state recorded the highest male participation at 83.6%

Rajasthan and West Bengal accounted for 5.87% and 5.25% respectively of the total investment in Q2.

Andhra Pradesh accounted for 4.95% of the total investment. The state recorded the highest female participation, with women contributing 59.3% of total investment, making it the only state among the top ten where female participation exceeded that of men.
Further the state stood out as the only exception, where Dogecoin ranked as the most preferred Crypto, illustrating how local investment preferences can differ while still remaining anchored around widely recognised digital assets.

Tamil Nadu and Bihar accounted for 4.95% and 4.29% respectively of the total investment in Q2.

The other states accounted for nearly 28.03% of the total investments in the second quarter of calendar year 2026.