UP Leads India's Crypto Growth as Non-Metros Dominate: CoinSwitch

• Non-metro cities drive over 75% of India's crypto activity, with Uttar Pradesh emerging as the largest contributor to investments at 13.0%, according to a CoinSwitch report.
• Tier 2, 3, and 4 cities collectively account for over three-fourths of CoinSwitch's user base, indicating a significant shift in participation away from major metros.
• Bitcoin regained its position as the most-invested cryptocurrency, and the investor base remains largely youth-driven, with the 26-35 age group contributing 45% of total investments.
• Women represent about 12% of crypto users nationwide, but Andhra Pradesh is an exception, recording 59% female participation, surpassing male investors in the state.
• The report highlights state-level differences in risk preferences, with Karnataka favoring blue-chip assets and Bihar showing higher exposure to mid- and small-cap cryptocurrencies.

Why It Matters: Non-metro cities now drive India's crypto market, signaling broader financial inclusion and shifts.