Data · India

India Crypto & P2P Statistics 2026

The key facts and figures on cryptocurrency in India — adoption, market size, tax, UPI, and USDT P2P trading. Every figure is sourced. Free to cite (please link back).

Global crypto adoption

India has topped the Chainalysis Global Crypto Adoption Index for three consecutive years (2023–2025), leading every sub-category in 2025.

~119M

Crypto owners in India

An estimated 119 million Indians (~8.2% of the population) own crypto — the largest number of any country, roughly 15% of the global user base.

$3.04B→$14.2B

Market size 2025 → 2034

India's crypto market was valued around $3.04B in 2025 and is projected to reach ~$14.21B by 2034 (CAGR ~18.7%).

Regulation & tax

30% + 4% cess

Flat tax on crypto gains under Section 115BBH (since 2022); losses can't be offset or carried forward.

1% TDS

On transactions above ₹10,000 in a financial year under Section 194S (₹50,000 for specified persons); creditable against final tax.

Since Mar 2023

FIU-IND registration mandatory for all VDA service providers under the PMLA; KYC and reporting required.

Schedule VDA

Crypto gains and holdings are reported under Schedule VDA in the income tax return.

Payments & UPI

₹29.9 lakh cr

Record monthly UPI value (~$312B) in May 2026 — the rail most P2P USDT trades settle on.

24,162 cr

UPI transactions across FY 2025–26, making India the world's largest real-time payments market.

UPI, IMPS, bank

The dominant payment methods for P2P USDT in India — instant and near-universal.

USDT & P2P

Deepest liquidity

USDT is the most-traded stablecoin globally and has the deepest P2P liquidity in India.

TRC20 / Polygon

Typically the cheapest networks for moving USDT; BEP20 is also low-cost.

Live premium

USDT often trades at a small premium to the official USD/INR rate on P2P — tracked in our Rate Index.

Sources

Figures compiled from public sources and current as of 2026; adoption and market-size estimates vary by methodology. Regulatory and tax figures reflect the Income Tax Act and FIU-IND requirements. See our live USDT/INR Rate Index for real-time data.

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