India's Cryptocurrency Market Set to Reach $14.21 Billion by 2034

India's cryptocurrency market is expected to reach $14.21 billion by 2034, according to a report from IMARC. This represents a growth of approximately 4.7 times the estimated 2025 market size.

The forecast includes not just trading volumes but also encompasses exchanges, payments, remittances, wallets, blockchain software, infrastructure, and transaction services.

India's crypto adoption is driven by broad-based growth in various segments such as retail, DeFi, institutional activity, software, and infrastructure development. The country ranked first in Chainalysis' 2025 Global Crypto Adoption Index across retail, CeFi, DeFi, and institutional activity.

The Indian on-chain value increased by about 99% year-over-year during the 12 months through June 2025. Additionally, crypto transaction volume across Asia-Pacific expanded by 69%, with India being one of the markets supporting that growth.