Young Investors Drive Crypto Growth in India, Despite High Tax Costs
The Indian crypto exchange ZebPay has released its report for H1 2026, which shows that nearly two-thirds of its users made no trades during the six-month period.
The report also found that young investors, aged 18 to 24, accounted for about half of all new registrations on the platform in H1 2026. This age group generated buy volumes nearly 10 times higher than sell volumes and had a preference for Solana (SOL).
A total of over 120,000 new users joined ZebPay between January and June 2026. Tier-2 and Tier-3 cities contributed around 62% to these registrations.
The report also highlighted that the majority of users held assets without trading, with 63% of users not making a single trade in H1 2026. This could be due to tax-driven reluctance to frequent transactions, as India's tax rules can make it costly for active traders.