Crypto India: 80% of Crypto Trading in India Is Now Futures. Is the 1% TDS to Blame?

Story Highlights* More than 80% of crypto trading in India now comes from futures, while spot trading volume has dropped by up to 85%.

  • The 1% TDS on spot trades has pushed many traders toward crypto futures, which currently avoid the tax.
  • But industry data shows 70% to 80% of Indian retail crypto futures traders are losing money due to the high leverage market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments