Learn about the most liquid and used crypto-to-fiat pairs for INR. These pairs are the gateway between the traditional finance system and crypto in India.
Trading volume and liquidity are two of the most critical factors in determining the importance of a cryptocurrency-INR trading pair. Trading volume refers to the total value of a cryptocurrency traded within a specific time frame, usually measured in 24 hours. Higher trading volume indicates that a particular crypto-INR pair is actively bought and sold, making it easier for traders to enter or exit positions without significant price fluctuations. For example, Bitcoin (BTC/INR) and Tether (USDT/INR) usually have the highest trading volumes on Indian exchanges because they are widely used for trading and holding value.
Liquidity, on the other hand, measures how easily an asset can be bought or sold without causing drastic price changes. A highly liquid market means that there are many buyers and sellers available at different price levels, ensuring that trades can be executed efficiently. This is often reflected in the order book depth, which shows pending buy and sell orders at various price points. In contrast, a pair with low liquidity will have wider bid-ask spreads, meaning that traders may have to pay significantly more when buying or accept a much lower price when selling.
To assess the liquidity of a crypto-INR pair, traders can examine the order book, spread, and slippage. A deep order book with many buy and sell orders close to the current market price suggests strong liquidity. The bid-ask spread (the difference between the highest buying price and lowest selling price) is another useful indicator—narrow spreads suggest a liquid market, while wide spreads indicate less demand. Slippage occurs when a trader places a large order but gets filled at different prices due to insufficient liquidity at a single price point. This is more common in low-volume trading pairs.
Some ways to stay up-to-date on the crypto-INR market are:
Check Indian Crypto Exchanges
Visit major Indian crypto exchanges that support INR trading, such as:
- WazirX
- CoinDCX
- ZebPay
- Giottus
- Unocoin
Monitor Regulatory Developments
India’s crypto regulations affect INR trading pairs. Follow updates from:
Observe Market Trends & User Demand
- BTC/INR and USDT/INR are usually the top pairs.
- ETH/INR, BNB/INR, XRP/INR, and MATIC/INR are also popular.
- Meme coins such as SHIB/INR and DOGE/INR can have short-term spikes.
For Indian traders, high-liquidity pairs like BTC/INR, USDT/INR, and ETH/INR provide smoother trading experiences with minimal price impact. In contrast, lesser-known altcoins or newer tokens may suffer from lower liquidity, leading to more volatile price swings. Before trading, it’s always advisable to check an exchange’s real-time volume and liquidity indicators to ensure an optimal trading experience.
