Crypto SIPs: How small-town millennials are increasingly dipping into crypto space

The crypto sector in India is going through a transformation, with the get-rich-quick impulse of the young investors five years ago increasingly giving way to a more mature, systematic, and long-term attitude towards crypto investments. And this change can best be seen in the rise of a new type of crypto product: crypto Systematic Investment Plans (SIPs). 

The crypto space in India is still unregulated and so finding official industry-wide data is impossible. However, each of the three of the largest crypto exchanges that The Hindu has spoken to have reported rapid growth in the adoption of crypto SIPs.

This shift does not involve small amounts either. According to calculations based on government data, more than ₹51,000 crore worth of crypto investments took place in India in 2024-25, the latest year for which there is data. By all accounts, this figure has grown significantly since then, and an increasing share is being routed through the SIP route. 

Further, crypto SIPs are not a phenomenon limited to India’s metros. In fact, most of the activity is coming from Tier-II and Tier-III cities and, as one crypto exchange put it, even from “Tier 10 cities”. 

Rapid growth

“According to CoinDCX, around 20% of the people that were earlier investing in single crypto assets such as Bitcoin are now instead choosing crypto SIPs. This share was just 2-3%, or maximum 4%, as recently as nine months ago,” Mridul Gupta, Founding Partner of CoinDCX said.