Trading volumes of crypto-exchanges WazirX, CoinDCX, ZebPay and Bitbns dropped by 70 per cent, 55 per cent, 15 per cent and 29 per cent between January and March, as per Crebaco, a credit rating agency for crypto exchanges and blockchains.
| Photo Credit:
Dado Ruvic
Investor confidence in Bitcoin and Ethereum cryptocurrencies remains strong even as the blue-chip prices have fallen since the start of 2026.
While BTC has not regained its January levels, the cryptocurrency has grown around 11 per cent from around $63,000 on February 28, as per CoinMarketCap data, with the crypto becoming attractive at the lower levels companred to $92,000-levels in the beginning of 2026. Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are top choices for crypto investors in March 2026.
Trading volumes
Trading volumes of crypto-exchanges WazirX, CoinDCX, ZebPay and Bitbns dropped by 70 per cent, 55 per cent, 15 per cent and 29 per cent between January and March, as per Crebaco, a credit rating agency for crypto exchanges and blockchains.
However, exchanges like CoinDCX and WazirX confirmed to businessline that users are still putting their trust with the blue-chip cryptos.
“Tokens like BTC, ETH, XRP [Ripple], SOL, remain the top performers. In fact, Ethereum and XRP are seeing renewed interest. Ripple’s emerging $50 billion valuation has strengthened market sentiment, drawing attention from both retail and institutional participants,” WazirX spokesperson told businessline.
According to Sidharth Sogani Jain, Founder of Crebaco and CEO of Blue Aster Capital, this trust in blue-chips stems from the fact that BTC and ETH have managed to perform better during the Middle East crisis compared to other assets.
“Altcoins don’t have any liquidity left in them. Gold silver, all gone down – except BTC. From the day the war has started, BTC is the only asset that has gone up,” said Jain.
Further, BTC and ETH structure also drives confidence as ETF inflows continue to provide a steady demand base, said Riya Sehgal, Research Analyst, Delta Exchange. Particularly in case of ETH, Sharat Chandra, Founder, EmpowerEdge Ventures, said prices will show upwards trends due to tokenization tail winds.
Macro developments will be the decisive driver, as per Vikram Subburaj, CEO, Giottus. Stating that the signal has turned incrementally restrictive, Subburaj said the forward guidance has still shifted toward a ‘higher-for-longer’ stance, with markets now pricing little to no rate cuts in 2026. This is a sharp reversal from earlier expectations, he said.
Published on March 22, 2026