India has been ranked 9th worldwide in crypto transactional use in the World Crypto Rankings 2025, released by Bybit and DL Research. The report shows that India’s retail-driven crypto activity is gaining steady momentum as more users rely on stablecoins for payments, remittances, and day-to-day transfers.
What makes the rise more notable is that it comes despite India’s high tax environment and unclear regulations. Millions of Indians continue using crypto daily, revealing a strong grassroots demand.
Bybit India’s Country Manager, Vikas Gupta, said the ranking proves India’s ability to become a major global digital finance hub.
The report places India alongside countries with the highest real-world usage, including the U.S., Nigeria, Vietnam, and Kenya.
It also highlights global trends such as the dominance of stablecoins, the rise of on-chain payrolls, and the concentration of CEX/DEX traffic in high-income countries. Together, the findings reflect crypto’s shift from speculation to essential financial utility.
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