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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE INDIA EDITION 2026

India’s
crypto exchanges and wallets industry,
in focus.

The companies, capital and talent shaping crypto exchanges and wallets in India. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Crypto Exchanges and Wallets Industry Landscape of India
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Crypto Exchanges and Wallets illustration
Companies tracked 537Crypto Exchanges and Wallets ecosystem in India Disclosed funding $854.08M72 companies · all recorded rounds Companies hiring 21With open roles at the snapshot Tracked open roles 503 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore India’s crypto exchanges and wallets leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Crypto Exchanges and Wallets company highlights in India, snapshot 2 September 2026
Company
CoinSwitchcoinswitch.co$301.5M—354Financial figure available in RadarView in Radar
CoinDCXcoindcx.com$246.72M6 roles98$58.57MFYFY2025 filing
GARIgari.network$87.22M—76—
Vauldvauld.com$27.5M—70—
Mudrexmudrex.com$22.22M3 roles25$1.42MFYFY2025 filing
tanXtanx.fi$16.5M———
Instadappinstadapp.io$12.4M—11—
SeeleNseelen.pro$12.23M———
TradeLabtradelab.in—6 roles21$106.38KFYFY2025 filing
KoinBXkoinbx.com—5 roles—$73.81KFYFY2025 filing
39k Group39k.group—4 roles——
Nadcab Labsnadcab.com—4 roles76—
Cypherockcypherock.com—3 roles21$205.76KFYFY2025 filing
Oprisopris.exchange—3 roles——
BuyUcoinbuyucoin.com——25$9.85KFYFY2025 filing
CIFDAQcifdaq.io————
Defydefy.club——14$807.93KFYFY2025 filing
Giottusgiottus.com——66$2.1MFYFY2025 filing
Kryptonkrypton.life————
Onramponramp.money————
Pi42pi42.com———Financial figure available in RadarView in Radar
Suncryptosuncrypto.in——53Financial figure available in RadarView in Radar
WazirXwazirx.com——300—
ZebPayzebpay.com——178Financial figure available in RadarView in Radar
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Crypto Exchanges and Wallets industry KPIs in India

A few useful ratios bring the size of this ecosystem into perspective.

2 September 2026
Hiring participation3.9%

21 of 537 tracked companies have open roles.

Funding participation15.5%

83 of 537 tracked companies have a recorded round.

Top 3 funding share74.4%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$1.33M

Midpoint of 108 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 74.4% of disclosed capital, while 84.5% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How India crypto exchanges and wallets has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

India crypto exchanges and wallets
$0$133.51M$267.02M$400.53M$534.05M2016: $2.5M20162017: $146.07K20172018: $17.65M20182019: $8.05M20192020: $32.4M20202021: $468.46M20212022: $274.2M20222023: $29.41M20232024: $16.15M20242025: $2.99M2025
View the numbers
Annual crypto exchanges and wallets funding and company formation in India
YearFunding (USD)FoundedRaising
2016$2.5M152
2017$146.07K402
2018$17.65M424
2019$8.05M295
2020$32.4M478
2021$468.46M12323
2022$274.2M7524
2023$29.41M5712
2024$16.15M488
2025$2.99M174
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • CoinSwitch35.3%
  • CoinDCX28.9%
  • GARI10.2%
  • Other companies25.6%

Funding by stage

128 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel83 64.8%
Series A–B14 10.9%
Series C+ / PE4 3.1%
Grants, debt & other27 21.1%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series A07/2021
Vauldvauld.com$25M

Backed by Valar Ventures and Pantera Capital and others.

Series A09/2023
tanXtanx.fi$16.5M

Backed by Pantera Capital and Elevation Capital and others.

Series A07/2022
Mudrexmudrex.com$12.32M

Participating investors were not recorded in this snapshot.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

Expand panel +
₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 52 reporting entities from 80 eligible matches.

Revenue in covered accounts₹875.6 crore

Sum of reporting-entity revenue; not India market sales.

Net profit / loss₹14.3 crore

Combined result for the same cohort.

Aggregate net margin+1.6%

Combined net income ÷ combined revenue.

Median company revenue₹0.5 crore

The middle covered reporting entity.

Profitable entities+38.5%

20 of 52 covered entities.

Top-five concentration+88.8%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 52 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

52 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
INDIA · INDUSTRY COHORTS

How does crypto exchanges and wallets compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the India companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

14 of the 537 companies on this page carry a measured traffic record (2.6%); these are the largest of those, by monthly visits. The median among them is 114,122 visits.

CompanyMonthly visitsAuthorityMobile
CoinDCXcoindcx.com1,701,8135252.5%
WazirXwazirx.com738,3974884.1%
CoinSwitchcoinswitch.co720,3445162.1%
Mudrexmudrex.com202,5984662.6%
Blockonomicsblockonomics.co156,3053856.6%
Onramponramp.money127,4263170.3%
KoinXkoinx.com114,4873295.6%
Suncryptosuncrypto.in113,7584078.1%
PinkSalepinksale.finance92,5683752.8%
Flitpayflitpay.com46,5854773.1%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

52 of these companies (9.7%) publish at least one Android app — 58 apps in all, carrying 97.9M installs between them.

AppInstallsRatingStore category
CoinDCX: Bitcoin Crypto AppCoinDCX32.5M4.4Finance
CoinSwitch: Bitcoin Crypto AppCoinSwitch24.1M4.4Finance
WazirX: Buy Bitcoin & CryptoWazirX15.4M3.5Finance
ZebPay: Bitcoin & Crypto AppZebPay8.9M3.4Finance
Sun Crypto: Buy & Sell CryptoSuncrypto3.1M4.6Finance
Unocoin: Buy Bitcoin & CryptoUnocoin3M3.6Finance
Mudrex : Bitcoin & Crypto AppMudrex2.2M3.3Finance
FlipItMoney- News in 50 wordsFlipItMoney1.3M4.7Finance
Flitpay: Crypto Trading AppFlitpay1.1M4.7Finance
Giottus: Crypto Investing AppGiottus1.1M4.7Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q3–2025Q4).

SegmentAppsInstallsLeading appRelease trend
Cryptocurrencies5897.9MCoinDCX: Bitcoin Crypto App 32.5M
Investment Tech21.3MFlipItMoney- News in 50 words 1.3M
Blockchain Infrastructure7730.2KQuBit Network : Virtual Miner 415.4K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q1: 12023Q1: 02023Q12023Q2: 12023Q2: 02023Q22023Q3: 22023Q3: 22023Q32023Q4: 32023Q4: 12023Q42024Q1: 42024Q1: 02024Q12024Q2: 12024Q2: 12024Q22024Q3: 22024Q3: 22024Q32024Q4: 12024Q4: 12024Q42025Q1: 32025Q1: 32025Q12025Q2: 12025Q2: 22025Q22025Q3: 42025Q3: 82025Q32025Q4: 12025Q4: 62025Q4

Darker bars are new releases, lighter bars apps updated. 47 of 58 apps carry a release date. The series ends at 2025Q4, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The India crypto exchanges and wallets market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech536
Blockchain technology535
Cryptocurrencies535
Blockchain499
Blockchain in financial services499
Consumer digital439
Web 3.0219
Enterprise tech157
Decentralized finance123
Deep tech54
Yield farming48
Enterprise software40

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

536companies
3.9%have hiring activity

21 companies hiring · $854.08M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Commission on transaction377
Subscription371
E-commerce - service188
Fee-for-service104
Advertising74
E-commerce - product43
Lending30
Freemium24
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundspine.loans ↗

Pine, an AI-driven consumer digital‑chore automation company, has secured $25m in a Series A funding round led by Fortwest Capital.

Funding roundsonramp.money ↗

OnRamp, a Boston, MA–based intelligent, AI-powered customer engagement and onboarding platform, has raised $15 million in Series A funding.

Funding roundskuru.io ↗

Kuru is excited to announce our $11.6m Series A round led by @paradigm

Funding roundshypermine.co ↗

A spinout of VTT Technical Research Centre of Finland, Hypermine, has today announced the successful closure of its seed funding round.

Funding roundsplutope.io ↗

has secured $500k (≈INR 4.17–5 crore) in its pre‑seed round led by Manit Gupta.

Buybackcoindcx.com ↗

CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees

Job creationdefy.club ↗

Through the revival of this factory, a total of 75 new job opportunities will be created to manufacture an estimated 500 top loaders per shift.

Regulatorywazirx.com ↗

In September, the same court rejected a previous proposal, citing fairness and feasibility issues.

Earningskrypton.life ↗

Net Sales at Rs 14.06 crore in March 2025 up 1.68% from Rs. 13.83 crore in March 2024.

Full recorded event mix

Top 7 categories among 26 recorded events in the 24-month window.

Leadership moves
8
Funding rounds
5
Lawsuit
4
Earnings
4
Regulatory
3
Buyback
1
Job creation
1
2 activity cards

Swipe or scroll horizontally to browse.

Regulatory events

3 recorded events

WazirX ↗

review of past tiesDelhi High Court

WazirX ↗

approved restructuring planSingapore High Court

WazirX ↗

rejected restructuring proposalSingapore High Court

Litigation

3 tracked suits

Company
WazirX users v wazirx

restructuring plan approvalCivil · Settled

Company
creditors v wazirx

restructuring plan and moratorium shielding the company from creditor lawsuitsRegulatory · Ongoing

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
binance→WazirX ↗Announced2024-08-27Not stated in snapshot
nexo→Vauld ↗Pending2023-12-26Not stated in snapshot
Delente Technologies→FlipItMoney ↗Announced2023-11-10Not stated in snapshot
Delente Technologies→FlipItMoney ↗Announced2023-11-09Not stated in snapshot
Pine→properlyCompleted2023-10-05Not stated in snapshot
endowus→Carret ↗Announced2022-10-17Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

372 postings in the preceding 12 months. The full 432-posting snapshot covers 32 employers.

Expand panel +

Most advertised job titles

Key Account Manager Original Equipment Manufacturer4
Transaction Monitoring Analyst4
Head Supply Chain3
Seo Executive3
Chief Marketing Officer3
Sr. Mern Stack Developer3
1 internship postings

1 tracked postings mention remote work.

The seniority mix

311 postings specify a level.

unspecified
121
lead
115
manager
98
senior
75
intern
18
entry
5

Skills employers mention

Top skills across 432 tracked postings in the available jobs snapshot.

Python
34
Ca
32
Financial Planning
27
Financial Reporting
25
Forecasting
23
Financial Analysis
23
Regulatory Compliance
22
Budgeting
21
Sql
21
Marketing
18
ADVERTISED PAY$8.1K/ year

Median across 46 postings with pay data, expressed in USD.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

372 founders and chief executives across 260 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

55 profiles with education records.

IIT Bombay
11
IIT Kharagpur
11
BITS Pilani
7
IIT Roorkee
4
IIM Calcutta
3
IIM Ahmedabad
3
IIT Kanpur
2
Anna University
2

Prior employers

18 profiles with prior-work records.

Google
6
Amazon
4
Goldman Sachs
3
Flipkart
2
Paypal
2
Uber
1
Cisco
1
Boston Consulting Group
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

1,401,695 articles in the measured 12-month window.

Expand panel +
1,401,695articles in the measured year
365,799articles in 2026Q1
60.7%positive tone in the latest complete year

News volume trends

Crypto Exchanges and Wallets coverage across India · articles per complete quarter

0127,129254,258381,387508,5162021Q2: 201,0922021Q22021Q3: 212,4762021Q4: 184,1782022Q1: 217,3522022Q2: 230,5872022Q22022Q3: 263,3442022Q4: 271,0362023Q1: 306,6872023Q2: 274,4772023Q22023Q3: 297,8512023Q4: 267,9992024Q1: 290,8182024Q2: 294,4542024Q22024Q3: 322,6942024Q4: 336,3232025Q1: 384,5982025Q2: 326,7422025Q22025Q3: 442,1882025Q4: 274,6872026Q1: 365,7992026Q1
View quarterly article counts
QuarterArticles
2021Q2201,092
2021Q3212,476
2021Q4184,178
2022Q1217,352
2022Q2230,587
2022Q3263,344
2022Q4271,036
2023Q1306,687
2023Q2274,477
2023Q3297,851
2023Q4267,999
2024Q1290,818
2024Q2294,454
2024Q3322,694
2024Q4336,323
2025Q1384,598
2025Q2326,742
2025Q3442,188
2025Q4274,687
2026Q1365,799

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
384,785 positive · 44,544 neutral · 206,033 negative
2022
614,404 positive · 70,698 neutral · 295,717 negative
2023
751,837 positive · 82,526 neutral · 311,137 negative
2024
811,237 positive · 120,854 neutral · 310,464 negative
2025
865,834 positive · 175,781 neutral · 384,406 negative

Leading coverage topics

Crypto Exchanges and Wallets coverage across India · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,338 articles in the full recorded period
108,119 recent · 81,398 prior
International And Transnational Geographic Entities300,318 articles in the full recorded period
108,111 recent · 81,397 prior
Administrative And Political Subdivisions300,262 articles in the full recorded period
108,088 recent · 81,386 prior
International Sports Competitions110,732 articles in the full recorded period
27,006 recent · 26,689 prior
International Political Relations73,163 articles in the full recorded period
22,902 recent · 15,331 prior
New Product Launches And Innovations58,518 articles in the full recorded period
17,628 recent · 13,593 prior
Cricket Test Matches54,847 articles in the full recorded period
13,479 recent · 11,876 prior
Political Party Dynamics53,479 articles in the full recorded period
11,420 recent · 11,062 prior
Strategic Partnerships And Collaborations50,542 articles in the full recorded period
15,590 recent · 11,469 prior
Trade Policies And Agreements46,815 articles in the full recorded period
22,778 recent · 11,680 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Crypto Exchanges and Wallets coverage across India

KeywordRecentPriorChange
tariff negotiations11,6235,680105%
bilateral trade4,6102,43789%
trade dispute mechanisms4,5122,203105%
trade barrier reduction4,4962,44084%
trade facilitation commitments4,3272,20197%
countries4,1931,860125%
free trade deals4,0782,42968%
multilateral diplomacy3,9182,72344%
diplomatic strategies3,8152,35062%
bilateral trade imbalance3,2812,04660%
odi cricket6,0419,663-37%
limited overs cricket5,7799,312-38%
odi tactics5,6338,749-36%
odi series5,2618,327-37%
odi rankings5,0128,070-38%

Event and signal lenses

Crypto Exchanges and Wallets coverage across India

All complete annual cohorts shown
Rising

Regulatory Risk

1,807,007 classified articles

territories, disputed islands, test cricket

43.4% critical · 27.5% positive
Rising

Funding Momentum

236,976 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

48.9% critical · 46.9% positive
Rising

Growth

516,516 classified articles

gdp growth rate, economic output growth, economic growth statistics

46.9% critical · 50.8% positive

Crypto Exchanges and Wallets coverage across India. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What Crypto Exchanges and Wallets research is working on

2,565 papers in the recorded india scope.

Expand panel +
2,565papers
35,070worldwide comparison pool
2,565India-affiliated papers

Research orientation

Descriptive
650
Promising
587
Problem-identifying
506
Breakthrough
457
Comparative
172
Cautionary
148
Critical
45

Contribution mix

Empirical
957
Methods-led
832
Reviews
482
Position pieces
267
Theoretical
27

Tone counts: 2,334 positive · 37 neutral · 194 negative.

Common problems researchers identify
551 papers · 21.5% of this field
  • Cryptocurrency364 papers
  • Blockchain179 papers
  • Computer security117 papers
  • Currency117 papers
  • Digital currency110 papers
  • Database transaction66 papers
  • Payment63 papers
  • Virtual currency38 papers

Landmark: A Survey on Security and Privacy Issues of Bitcoin

Cautions
148 papers · 5.8% of this field
  • Cryptocurrency86 papers
  • Digital currency42 papers
  • Currency37 papers
  • Payment26 papers
  • Blockchain25 papers
  • Database transaction19 papers
  • FinTech14 papers
  • Financial inclusion14 papers

Landmark: Formal Verification of Smart Contracts

Opportunities
1,044 papers · 40.7% of this field
  • Cryptocurrency635 papers
  • Blockchain383 papers
  • Computer security211 papers
  • Database transaction193 papers
  • Payment120 papers
  • Digital currency100 papers
  • Transparency95 papers
  • Currency89 papers

Landmark: ZEUS: Analyzing Safety of Smart Contracts

Leading institutions

Indian Statistical Institute
1,564
Manipal University Jaipur
1,288
Nirma University
826
Indian Institute of Technology Delhi
782
International Institute of Information Technology
723
Microsoft Research
636

Leading researchers

Sushmita Ruj
1,257
Mauro Conti
1,160
Chhagan Lal
1,160
E. Sandeep Kumar
1,053
Sudeep Tanwar
789
Sukrit Kalra
699
Seep Goel
699
Mohan Dhawan
699

Highly cited breakthrough-labelled papers

  • ZEUS: Analyzing Safety of Smart Contracts699 citations
  • Stochastic Neural Networks for Cryptocurrency Price Prediction200 citations
  • BloHosT: Blockchain Enabled Smart Tourism and Hospitality Management142 citations
  • Internet-of-Forensic (IoF): A blockchain based digital forensics framework for IoT applications107 citations
  • <i>DL-GuesS</i>: Deep Learning and Sentiment Analysis-Based Cryptocurrency Price Prediction86 citations

Common problems researchers identify

480 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Blockchain / Computer SecurityCommon problems researchers identify · 01

Blockchain / Computer Security

107 papers

22.3% of this theme group

Blockchain (90) · Computer security (66) · Cryptocurrency (90) · Scalability (12)

A Comprehensive survey on Blockchain: Working, security analysis, privacy threats and potential applications

Exploring Security Threats on Blockchain Technology along with possible Remedies

View research history
YearShare index
20221929.5
20231969.0
20241514.8
20251421.0
Digital Currency / CurrencyCommon problems researchers identify · 02

Digital Currency / Currency

87 papers

18.1% of this theme group

Digital currency (47) · Currency (46) · Cryptocurrency (68) · Virtual currency (17)

The Challenge of Cryptocurrency in the Era of the Digital Revolution: A Review of Systematic Literature

Economics of Cryptocurrencies: Artificial Intelligence, Blockchain, and Digital Currency

View research history
YearShare index
2022471.9
2023474.6
2024333.4
2025399.1
Cryptocurrency / EconometricsCommon problems researchers identify · 03

Cryptocurrency / Econometrics

80 papers

16.7% of this theme group

Cryptocurrency (71) · Econometrics (13) · Investment (10) · Volatility (7)

A Systematic Review for Crypto Currency Price Prediction using Machine Learning

A review paper on cryptocurrency & portfolio management

View research history
YearShare index
2022564.8
2023567.6
2024341.6
2025308.5
Blockchain / Distributed LedgerCommon problems researchers identify · 04

Blockchain / Distributed Ledger

67 papers

14.0% of this theme group

Blockchain (61) · Distributed ledger (19) · Database transaction (22) · Ledger (8)

An Overview of Smart Contract and Use Cases in Blockchain Technology

Blockchain Technology: Application in the Financial Industry

View research history
YearShare index
20221097.9
20231163.1
20241058.5
20251237.6
Cryptocurrency / Virtual CurrencyCommon problems researchers identify · 05

Cryptocurrency / Virtual Currency

57 papers

11.9% of this theme group

Cryptocurrency (50) · Virtual currency (13) · Currency (21) · Digital currency (16)

Digital Currency in India: Challenges and Prospects

Cryptocurrency in India: An assessment of the prospects and challenges

View research history
YearShare index
2022471.9
2023474.6
2024333.4
2025399.1
Mobile Payment / PaymentCommon problems researchers identify · 06

Mobile Payment / Payment

56 papers

11.7% of this theme group

Mobile payment (13) · Payment (27) · FinTech (10) · Currency (23)

Development of Financial Technology through E-Payment System in India

Central Bank Digital Currency and its impact on the Indian Financial system

View research history
YearShare index
20221048.0
20231024.5
20241133.0
20251265.3
Money Laundering / Law EnforcementCommon problems researchers identify · 07

Money Laundering / Law Enforcement

26 papers

5.4% of this theme group

Money laundering (14) · Law enforcement (4) · Identity theft (3) · Internet privacy (4)

COMBATING CRYPTOCURRENCY LAUNDERING BY ORGANISED CRIME GROUPS THROUGH AN EFFECTIVE REGULATORY FRAMEWORK

Cryptocurrency Crimes: A systematic Review on Illicit activities using cryptocurrency (Bitcoin) and challenges for Law Enforcement Agencies

View research history
YearShare index
202254.0
202364.0
202437.4
202557.4

Cautions

133 papers · 4 recurring themes
4 cards

Swipe or scroll horizontally to browse.

Blockchain / Computer SecurityCautions · 01

Blockchain / Computer Security

43 papers

32.3% of this theme group

Blockchain (23) · Computer security (14) · Cryptocurrency (34) · Distributed ledger (5)

A survey of blockchain: concepts, applications and challenges

Digital Currency and Blockchain Technology in the Financial World

View research history
YearShare index
20221901.9
20231942.8
20241501.1
20251351.3
Cryptocurrency / VolatilityCautions · 02

Cryptocurrency / Volatility

41 papers

30.8% of this theme group

Cryptocurrency (40) · Volatility (9) · Econometrics (6) · Portfolio (5)

The Forecasting About Bitcoin and Other Digital Currency Markets: The Effects of Data Mining and Other Emerging Technologies

Cryptocurrency Adoption and Its Influence on Traditional Financial Markets

View research history
YearShare index
2022738.9
2023721.1
2024425.0
2025548.6
Digital Currency / Monetary PolicyCautions · 03

Digital Currency / Monetary Policy

29 papers

21.8% of this theme group

Digital currency (24) · Monetary policy (9) · Currency (15) · Financial system (5)

Central bank digital currency

The Role of Central Bank Digital Currencies (CBDCs) in Reshaping Monetary Policy: A Global Analysis of Economic Implications and Implementat

View research history
YearShare index
2022498.0
2023499.7
2024348.7
2025415.2
Payment / FintechCautions · 04

Payment / Fintech

20 papers

15.0% of this theme group

Payment (9) · FinTech (5) · Mobile payment (3) · Database transaction (6)

A study on digital payments and their impact on the Indian market

A Study on the Impact of Bitcoin on the Indian Economy

View research history
YearShare index
20221048.0
20231024.5
20241133.0
20251265.3

Opportunities

962 papers · 7 recurring themes
7 cards

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Blockchain / TransparencyOpportunities · 01

Blockchain / Transparency

229 papers

23.8% of this theme group

Blockchain (199) · Transparency (61) · Computer security (103) · Smart contract (36)

Blockchain Technology for Supply Chain Traceability, Transparency and Data Provenance

Blockchain for E-Commerce

View research history
YearShare index
20221902.3
20231943.1
20241501.5
20251349.8
Cryptocurrency / EconometricsOpportunities · 02

Cryptocurrency / Econometrics

189 papers

19.6% of this theme group

Cryptocurrency (180) · Econometrics (37) · Autoregressive integrated moving average (24) · Time series (18)

Predicting Bitcoin Price using Machine Learning

Predicting the Prices of Cryptocurrencies using Deep Learning

View research history
YearShare index
2022328.1
2023311.1
2024173.0
202576.1
Cryptocurrency / Financial EconomicsOpportunities · 03

Cryptocurrency / Financial Economics

139 papers

14.4% of this theme group

Cryptocurrency (129) · Financial economics (11) · Portfolio (14) · Investment (14)

Speculative investment decisions in cryptocurrency: a structural equation modelling approach

An Empirical Investigation on Awareness Regarding Cryptocurrencies Among Investors Under Different Market Regimes

View research history
YearShare index
2022837.8
2023858.8
2024581.9
2025762.5
Database Transaction / BlockchainOpportunities · 04

Database Transaction / Blockchain

133 papers

13.8% of this theme group

Database transaction (99) · Blockchain (83) · Cryptocurrency (81) · Computer security (53)

A Blockchain Framework for Insurance Processes

Blockchain based Data Security for Financial Transaction System

View research history
YearShare index
20221993.7
20232023.7
20241547.0
20251464.2
Anomaly Detection / CryptocurrencyOpportunities · 05

Anomaly Detection / Cryptocurrency

120 papers

12.5% of this theme group

Anomaly detection (17) · Cryptocurrency (68) · Database transaction (32) · Money laundering (8)

Blockchain and Machine Learning Approaches for Credit Card Fraud Detection

Detecting Fraudulent Bitcoin Transactions: Using Machine Learning and Artificial Intelligence in Conjunction with Blockchain Technology

View research history
YearShare index
2022259.3
2023241.6
2024129.1
2025260.3
Proof-Of-Work System / BlockchainOpportunities · 06

Proof-Of-Work System / Blockchain

79 papers

8.2% of this theme group

Proof-of-work system (23) · Blockchain (53) · Byzantine fault tolerance (7) · Scalability (15)

A novel game theory based reliable proof‐of‐stake consensus mechanism for blockchain

Two-Tiered Consensus Mechanism Based on Proof of Work and Proof of Stake

View research history
YearShare index
2022976.0
20231054.7
20241001.7
20251112.7
Financial Inclusion / Digital CurrencyOpportunities · 07

Financial Inclusion / Digital Currency

73 papers

7.6% of this theme group

Financial inclusion (19) · Digital currency (41) · Payment (39) · Mobile payment (17)

Analysing consumer switching behaviour and financial antecedents to determine the intention to use central bank digital currency: evidence f

An integrated approach for electronic identification and central bank digital currencies

View research history
YearShare index
20221080.9
20231063.5
20241156.6
20251290.6

How this field compares with the research baseline

Orientation shares compared with 25,000 papers in the reference sample.

Research orientationThis fieldReference sample
Descriptive25.3%17.3%
Promising22.9%36.9%
Problem-identifying19.7%9.6%
Breakthrough17.8%26.8%
Comparative6.7%4.0%
Cautionary5.8%4.4%
Critical1.8%1.0%

Concerns receiving less research attention

Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.

Concern / example paperPapersShareRaised as a problemWorldwide share
Privacy & surveillanceA Survey on Security and Privacy Issues of Bitcoin2299.95%84 (36.7%)6.15%
Safety & misuseThe applicability of blockchain technology in healthcare contexts to contain COVID-19 challenges40.17%2 (50.0%)0.14%
Energy & datacenter footprintIntegrating IoT Blockchain and Artificial Intelligence for Sustainable Computing in Finance and Green Investment Strateg20.09%0 (0.0%)0.03%
Bias & fairnessBitcoinF: Achieving Fairness For Bitcoin In Transaction Fee Only Model20.09%2 (100.0%)0.08%
Concentration of compute powerGreenCoin: Empowering smart cities using Blockchain 2.010.04%0 (0.0%)0.35%
Water use00.0%0 (%)0.0%
Carbon & emissions of compute00.0%0 (%)0.01%
Hardware, e-waste & supply chain00.0%0 (%)0.01%
Labour & data work00.0%0 (%)0.04%

Institution and researcher rankings use citations to their covered work. Research scope: India. This may be broader than the company geography.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

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UNDERSTAND THE LANDSCAPE

Crypto Exchanges and Wallets in India: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put India in context

All landscapes ↗

Company ecosystem snapshot: 2 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon