CoinDCX spot trading volumes jump 32% in May, BTC remains most traded token

CoinDCX witnessed a 32 per cent surge in spot trading volumes, hitting ₹492 million in May 2025 compared to ₹374 million in April. The sharp recovery highlights the growing confidence among users.
Sumit Gupta, co-founder at CoinDCX said that the 32 per cent uptick in spot trading volume this May reflects more than just platform growth, it signals growing investor confidence amid global acceptance.
"With increasing policy momentum in key markets and India's growing participation in the digital asset economy, we believe this is just the beginning of a more sustained upward trend. At CoinDCX, we remain committed to building a secure, compliant, and user-first platform that empowers the next wave of crypto adoption," he added.
CoinDCX owns a total of $606.61 million in assets, reaffirming its strong reserve position. Of this, $448.99 million is held on blockchain, while $157.61 million is secured with partners.
Bitcoin (BTC) and Ethereum (ETH) are the most actively traded tokens on CoinDCX in May 2025, with volumes of $29.5 million and $21.7 million, respectively. Moodeng emerged as a breakout breakout performer with $14.4 million in volume, reflecting the growing interest in emerging narratives.
Ripple (XRP) and Solana (SOL) also featured among the top five, reinforcing investor interest in high-liquid assets.
The company also made some major product advances in May this year.
Major infrastructure upgrades were implemented in the Futures platform to reduce latency and enhance stability under high-load conditions, offering traders faster and more seamless execution.
"A redesigned journey tailored for first-time and novice users enables easier onboarding and clearer decision-making in futures trading," the company said in a statement.
In addition, real-time savings were rolled out, eliminating delays and enhancing user satisfaction across trading flows.
In the ongoing month, the exchange's focus remains on optimising platform performance, expanding product capabilities, and elevating user experience through transparency and trust.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

7 hours ago

• Time of India

Bitcoin as a hedge: Evaluating Bitcoin's role in India's economic strategy

Since Bitcoin's first public release, it has developed unprecedentedly to arguably become the world's best-performing risk asset. Based on its capability for hedging against inflation , and the emergence of DeFi (Decentralised Finance), Bitcoin has witnessed increased adoption across levels, including retail, institutional and government participation. With increased activity by state players like the USA, Bhutan, El Salvador, Russia, Brazil, and many others, India is in a unique dilemma regarding Bitcoin: to be or not to be? If we take a close look at India's economic policies over the last decade and compare them with pre-Bitcoin times, a stark difference can be seen. Pre-2009 India's economic strategies were overtly reactionary to global cues, which have been transformed in the last decade as the country positions itself as one of the most proactive nations regarding economic growth. The impact of this has been massive, with India becoming the 4th largest economy in the world. At the same time, India is increasingly becoming receptive to newer economic models and experiments, something that could be highlighted through the proposed Cryptocurrency and Regulation of Official Digital Currency Bill of 2021, and the Supreme Court's recent direction to regulate the sector. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -5.10% Buy Web3 Tracker -10.91% Buy AI Tracker -11.52% Buy DeFi Tracker -12.23% Buy NFT & Metaverse Tracker -12.54% Buy TOP COINS (₹) Bitcoin 8,904,124 ( -0.56% ) Buy BNB 54,750 ( -1.64% ) Buy XRP 180 ( -2.07% ) Buy Solana 11,798 ( -2.86% ) Buy Ethereum 198,264 ( -5.56% ) Buy While many project it as a negative aspect, the intent of regulating an otherwise decentralised sector highlights the government's openness to get involved in it, especially given that India boasts one of the world's fastest Bitcoin-adopting populations. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » This also means that in the long term, Bitcoin is increasingly garnering a favourable sentiment from the policymakers who are setting India's economic strategy for the years ahead. But questions remain — what does Bitcoin offer India's economic strategy that traditional models don't? Let's find out. Live Events Bitcoin's a hedge against inflation Global economies are going through uncertain times owing to several internal and external factors. While we will not indulge in making mathematical assumptions, if we take a look at the data of benchmark indices around the world, like the S&P 500 to the Hang Seng, it becomes clear that these indices have not performed as well as their projections. On the other hand, the global commodity market has been largely vulnerable to market dynamics. These factors have led nations to look at alternative finance or DeFi, in terms of Bitcoin, as the new-age asset has provided multibagger returns in the last few years. BTC has not only outperformed global indices, but also commodities like Gold and Silver — a trend that has piqued the interest of economists around the world. For instance, the US retail inflation on March 25 was 2.4%, as per the Consumer Price Index, a significant rise from the previous year. Similar cases of inflation have been seen in European countries like the United Kingdom and the EU. In the Indian context, the retail inflation rate has been on a downward curve for the past three years, owing to the country's economic rise in recent years, coming down to 4.6% in 2024-25 from 6.7% in FY 22-23. If we look at annualised returns over different global indices, Bitcoin has returned over 250%, more than 10 times that of NASDAQ in the second spot. In the Indian context, the Nifty 50 gave a return of approximately 40% since FY 22-23, highlighting how participation and adoption in the Bitcoin space could help India's economic strategy in the long run. Role in India's economic strategy? While many nations around the world have made significant strides in Bitcoin already, such as the USA, Bhutan and El Salvador, much of it has been reactionary. In India, DeFi is emerging as a real possibility for government participation, however, much of it weighs on the possibility of establishing a regulatory framework. India has been a vocal advocate of creating a global framework for regulating Bitcoin and other VDAs, and it is being considered as the lynchpin of the country officially joining the race. However, while officially the Indian government does not endorse Bitcoin, prominent reports have revealed that the country has used Bitcoin for energy trade with one of its European allies. While the efficacy of the report has not been admitted by the Indian government, what it shows is Bitcoin's increasing popularity at the upper echelons of the government. However, the significant tax levied on the capital gains from Bitcoin and other VDAs is largely considered counterproductive in this aspect. We must understand that India's economic strategy to become a developed nation by 2047, or the goal of Viksit Bharat, is a multilayered strategy. While Bitcoin is not included in the ongoing cohort, its rising popularity and governmental agencies like SEBI and RBI having strong opinions on the asset means it may have a role to play in the future, given that regulations or frameworks are established in a universally accepted means. This does not mean that India may create a Bitcoin strategic reserve, or use it as legal tender like El Salvador, but in a larger context that benefits the country's bid to become a developed nation. Furthermore, the already existing high adoption rate will supplement this bid and could position India as one of the innovators when it comes to a robust economic strategy. (The author Roshan Aslam is Cofounder & CEO, GoSats. Views are own)

Economic Times

7 hours ago

• Economic Times

Bitcoin as a hedge: Evaluating Bitcoin's role in India's economic strategy

Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Bitcoin 89,04,427 ( -0.6 %) Buy BNB 54,767 ( -1.63 %) Buy XRP 179.92 ( -2.11 %) Buy Solana 11,794.26 ( -3 %) Buy Ethereum 1,98,114 ( -5.7 %) Buy Tired of too many ads? Remove Ads Bitcoin's a hedge against inflation Role in India's economic strategy? Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Since Bitcoin 's first public release, it has developed unprecedentedly to arguably become the world's best-performing risk asset. Based on its capability for hedging against inflation , and the emergence of DeFi (Decentralised Finance), Bitcoin has witnessed increased adoption across levels, including retail, institutional and government participation. With increased activity by state players like the USA, Bhutan, El Salvador, Russia, Brazil, and many others, India is in a unique dilemma regarding Bitcoin: to be or not to be?If we take a close look at India's economic policies over the last decade and compare them with pre-Bitcoin times, a stark difference can be seen. Pre-2009 India's economic strategies were overtly reactionary to global cues, which have been transformed in the last decade as the country positions itself as one of the most proactive nations regarding economic impact of this has been massive, with India becoming the 4th largest economy in the world. At the same time, India is increasingly becoming receptive to newer economic models and experiments, something that could be highlighted through the proposed Cryptocurrency and Regulation of Official Digital Currency Bill of 2021, and the Supreme Court's recent direction to regulate the many project it as a negative aspect, the intent of regulating an otherwise decentralised sector highlights the government's openness to get involved in it, especially given that India boasts one of the world's fastest Bitcoin-adopting also means that in the long term, Bitcoin is increasingly garnering a favourable sentiment from the policymakers who are setting India's economic strategy for the years ahead. But questions remain — what does Bitcoin offer India's economic strategy that traditional models don't? Let's find economies are going through uncertain times owing to several internal and external factors. While we will not indulge in making mathematical assumptions, if we take a look at the data of benchmark indices around the world, like the S&P 500 to the Hang Seng, it becomes clear that these indices have not performed as well as their projections. On the other hand, the global commodity market has been largely vulnerable to market factors have led nations to look at alternative finance or DeFi, in terms of Bitcoin, as the new-age asset has provided multibagger returns in the last few years. BTC has not only outperformed global indices, but also commodities like Gold and Silver — a trend that has piqued the interest of economists around the instance, the US retail inflation on March 25 was 2.4%, as per the Consumer Price Index, a significant rise from the previous year. Similar cases of inflation have been seen in European countries like the United Kingdom and the EU. In the Indian context, the retail inflation rate has been on a downward curve for the past three years, owing to the country's economic rise in recent years, coming down to 4.6% in 2024-25 from 6.7% in FY we look at annualised returns over different global indices, Bitcoin has returned over 250%, more than 10 times that of NASDAQ in the second spot. In the Indian context, the Nifty 50 gave a return of approximately 40% since FY 22-23, highlighting how participation and adoption in the Bitcoin space could help India's economic strategy in the long many nations around the world have made significant strides in Bitcoin already, such as the USA, Bhutan and El Salvador, much of it has been reactionary. In India, DeFi is emerging as a real possibility for government participation, however, much of it weighs on the possibility of establishing a regulatory framework. India has been a vocal advocate of creating a global framework for regulating Bitcoin and other VDAs, and it is being considered as the lynchpin of the country officially joining the while officially the Indian government does not endorse Bitcoin, prominent reports have revealed that the country has used Bitcoin for energy trade with one of its European allies. While the efficacy of the report has not been admitted by the Indian government, what it shows is Bitcoin's increasing popularity at the upper echelons of the government. However, the significant tax levied on the capital gains from Bitcoin and other VDAs is largely considered counterproductive in this must understand that India's economic strategy to become a developed nation by 2047, or the goal of Viksit Bharat, is a multilayered strategy. While Bitcoin is not included in the ongoing cohort, its rising popularity and governmental agencies like SEBI and RBI having strong opinions on the asset means it may have a role to play in the future, given that regulations or frameworks are established in a universally accepted does not mean that India may create a Bitcoin strategic reserve, or use it as legal tender like El Salvador, but in a larger context that benefits the country's bid to become a developed nation. Furthermore, the already existing high adoption rate will supplement this bid and could position India as one of the innovators when it comes to a robust economic strategy.(The author Roshan Aslam is Cofounder & CEO, GoSats. Views are own)(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

Time of India

15 hours ago

• Time of India

Cryptocurrency Live News & Updates : Bitcoin (BTC) Falls Below 103,000 USDT

22 Jun 2025 | 01:15:13 AM IST HASHJ has launched an upgraded AI-driven cloud mining platform, allowing users to earn passive income in cryptocurrencies like BTC, ETH, DOGE, and more, all via smartphone. HASHJ has unveiled its enhanced AI-powered cloud mining platform, enabling users to mine major cryptocurrencies such as BTC, ETH, DOGE, and XRP without the need for expensive hardware. This user-friendly model is designed for anyone, from novices to seasoned investors, facilitating passive income generation through a simple registration process. Meanwhile, Bitcoin's price has dipped below 103,000 USDT, reflecting a 0.30% decrease in the last 24 hours, indicating market volatility. In the legal arena, Ripple's lawyer has dismissed claims that the U.S. government could seize XRP tokens, emphasizing the company's escrow structure remains intact amid ongoing settlement negotiations with the SEC. Additionally, the meme coin PEPE is testing critical support levels, with speculation around Elon Musk's recent posts potentially influencing its market performance. As Reddit explores biometric verification methods to combat bot-related issues, the cryptocurrency landscape continues to evolve, highlighting the intersection of technology, finance, and regulatory challenges. Show more