India Surpasses Singapore, Australia in Centralized Crypto Inflows

India has taken the top spot in Central & Southeast Asia and Oceania for centralized crypto exchange (CEX) inflows, with a staggering $88.4 billion in activity between July 2025 and June 2026. This surpasses Singapore's $82.3 billion and Australia's $79.3 billion, according to the Chainalysis CSAO 2026 report. Despite a 14.7% contraction in its overall crypto economy, India's dominance in CEX activity highlights strong investor demand, even under heavy taxation.

India's crypto economy shrunk 14.7% during the global bear market, making it the third-largest market in the region, with $135 billion in activity. Singapore, on the other hand, saw a 55% jump in crypto activity, with $284 billion in overall activity, making it the largest overall crypto economy in the region. Australia ranked second, with $173.1 billion in activity, but its overall activity dipped 5.6% due to weaker DEX flows.

The report highlights the growing importance of institutional trading in the region, with platform activity nearly doubling to $60 billion in Singapore. India's centralized exchange inflows are significant, with the country leading the region in this category. The report also notes that India's crypto market is primarily used as an investable asset, with investors aged 35+ increasingly entering the market.