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

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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”.

“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.

Mr.

Gupta pointed out how the current cohort of crypto investors choosing crypto SIPs is qualitatively different from those from five years ago when India experienced a crypto boom.

“Five years ago, we used to see a lot of sentiment around crypto for investing in tokens that were slightly new, slightly low priced, and being talked about in the social channels by influencers or in general in social media,” Mr.

Gupta said.

“Now we see the form of investment has changed from one-time buys to SIPs.”

“We see a lot of disciplined investment from a more mature audience now versus a GenZ kind of an audience,” he added.

“In the last 3-6 months, our daily SIP creation at an absolute level has also gone up by 50-60%.

It’s increasing at that pace every quarter or so.”

According to Prateek Gupta, Head of Business at Mudrex, over the last 12-18 months, the company has seen the Assets Under Management (AUM) through the SIP route grow almost 220% or nearly 3x.

Balaji Srihari, vice-president of the India Business at CoinSwitch also attested to the rapid growth in the SIP category.

“Between 2023-24 and 2025-26, active SIP users grew by around 75%, while the number of active SIPs increased by approximately 93%,” Mr.

Srihari said.

“Annual SIP inflows nearly doubled over the same period, and cumulative capital deployed through the SIP route rose by about 144%.”

He added that this trend intensified in particular in 2025-26, with active SIP users growing nearly 39% year-on-year and annual SIP inflows increasing by around 63%.

“This SIP trend has been so great in India in general,” Mr.

Gupta of CoinDCX said.